Nicolas Cage Disputes IRS Claims
The Oscar-winning actor is petitioning the
The IRS is seeking $814,000 from Cage, nee Nicolas Coppola, in taxes and penalties for the years 2002-2004, seeking more for his salary and the perks that come with his job, in addition to $988,000 from Cage's Saturn Productions, denying a deduction for the disputed expenses.
Some of the expenses listed among the deductions include meals, gifts, limousines, travel and his Gulfstream jet. Cage's business manager Samuel J. Levin claims that these types of expenses are "customary in the entertainment industry" and were partly based on the actor's "security needs."
Cage is involved with another legal matter involving his reputation. He has entered into legal proceedings in London against his former "Peggy Sue Got Married" co-star
Cage's recent credits include "Ghost Rider," "Grindhouse" and "Next." He recently reprised his role as treasure hunter