Cage Pledges to Pay Back Taxes, Blames Former Manager for Mess Blaming poor financial management by former business manager Samuel Levin, A-list actor Nicolas Cage has pledged to pay $14 million in back taxes and penalties to the IRS. The government recently slapped Cage with a tax lien of nearly $6.3 million on his real estate holdings as a means of collecting on a bill from 2002-2004. A $6.7 million... 

Actor Nicolas Cage is back in the news today, and it is not for standard Hollywood gossip. Cage revealed that he is in significant debt to the IRS, and believes he still owes almost $14 million to the federal government for back taxes. Cage’s tax problem has been well known to the general public. Last August, the IRS made public their demand letter to Cage which requested $6.2 million for unpaid... 

There may be many more legal woes facing actor Nicholas Cage than just issues with the Internal Revenue Service. Apparently Nicolas Cage and a current business partner had plans to sell his ex-wife’s house. His former wife Cristina Fulton was reportedly going to call a press conference in order to discuss with the press how unfair the process of selling her home would be to her. She also planned... 

This just keep getting worse for actor Nicolas Cage. According to reports his ex is suing him for for $13M. Christina Fulton says the actor dragged her down with him and has forced her into a $1.2-million debt. Fulton claims fraud and breach of contract in her complaint. “This lawsuit is ridiculous and absurd. Nicolas Cage has given her approximately three million every year for many years, even... 

Actor Nicolas Cage’s money trouble seems to be going from bad to worse. Cage’s former business manager is firing back at accusations claiming he drove the star to financial ruin. Samuel Levin has filed a countersuit against the Leaving Las Vegas actor, accusing Cage of squandering his own fortune. Initially cage stated that his financial woes were Levin’s fault. Levin claims by the... 

Nicholas Cage has lost two of his homes to foreclosures, according to a report from CNN. Cage, 45, saw the historic New Orleans homes purchased at foreclosure auction. The multi-million dollar homes, which are located in the French Quarter and Garden District of New Orleans, went back to the original lender, Regions Bank. Cage’s 10,300 sq-foot property at 1140 Royal Street went for $2.3 million,... 

If you’re feeling a tad poor because of the economic meltdown, tell yourself that at least you’re not Nicolas Cage. The highest paid actor in Hollywood is broke, according to reports. Cage, 47, might be one of the highest paid actors in Hollywood but he is currently facing major financial problems, owing $6.3 million in back taxes, after being ripped off millions of dollars by his longtime business...