TaxPersonal TaxNicolas Cage to pay IRS $14m

Nicolas Cage to pay IRS $14m

Star of "The Rock" and "Leaving Las Vegas" says he will pay Internal Revenue Service windfall amount in back taxes

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.

Further reading:

Snipes wants bail to appeal tax conviction

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