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20 Jan 2010
Nicolas Cage has agreed to pay the Internal Revenue Service almost $14m (£8.6m) in back taxes.
The IRS filed two tax liens, which put claims on the star's property until tax is paid, of $6.2m and $6.7m, webcpa reported.
The actor has been selling off his mansions and other property around the world in an effort to pay what he owes.
Cage said last week: "Over the course of my career I have paid at least $70m in taxes."
"Unfortunately, due to a recent legal situation, another approximate $14m is owed to the IRS. However, I am under new business management and am happy to say that I am current for 2009. All taxes will be paid, including any to-be-determined state taxes."
Cage also sued his ex-manager and accountant, Samuel Levin, claiming Levin made poor investment choices in risky real estate and failed to pay the actor’s taxes.
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