Source: blogywoodbabes.blogspot.com
Nicolas Cage may come from a long line of celebrities, but his famous family tree can't keep him out of his debt. The Detroit News reports Cage owes $6.2 million in unpaid income taxes. Now those tax problems that were first reported a few months ago are catching up with Nicolas Cage. Along with the $6 million plus in unpaid taxes, Cage is also being sued over a $2 million credit deal go wrong. Cage defaulted on the $2 million bank loan which is putting everything to ahead this moment. So, now he had to sell his English castle. The Daily Mail report:
He reportedly paid £5 million for the pile, which is built in the shape of the ace of clubs, two years ago. A potential buyer is understood to have offered a figure close to the guide price of £3.5 million.The funny thing is he recently sold a castle in Germany. LOL... Yup, the dude had two castles. Seriously, how does Nicolas Cage do it? A few months ago, reportedly he had to offload his Bavarian castle due to the "difficult economic situation." Yep, hard times when you earn around $20m a movie. Despite getting into the English country life (and even looking at local schools for his son), the actor is said to have had a tax lien placed on him by L.A. authorities and is having to offload much of his property portfolio including his last castle. Cage owns a 40 acre island in the Bahamas, and homes in Rhode Island, Lousiana, Nevada, and California.
"The castle has just come on the market - they have stopped all work on it and instead want to sell as soon as possible," reveals a source close to the sale of the Grade I-listed property, which sits in 35 acres of parkland and 12 acres of woodland. "They have already accepted an offer, even though it is below the guide price. Both buyer and seller want to push things through as quickly as possible."
Nicolas Cage is suing his former business manager for $20 million for "Financial Ruin." Cage claims that bad advice and mismanagement given by Samuel J. Levin and his firm led him toward financial ruin. I wonder who's idea was it to build a English castle, for some reason I think that bit of bad advice didn't come from the business manager but rather from Cage himself. Levin has been a licensed certified public accountant in California for nearly 25 years. The lawsuit seems to alleged that Cage had no idea that he was overextended and that it is all his accountant's fault. Here are a few shots of Cage, 45 year-old, pictured with his most recent and current young (come fuck me slowly hottie Korean) wife, Alice Kim on the red carpet. Then a few shot of what was his castle in England. Click on pictures to enlarge.
And here is the castle:
Other celebrities with unpaid taxes according to The Detroit News.
Grammy-winning rapper Method Man has been arrested in New York City on felony charges for failing to pay his taxes. The 38-year-old failed to pay nearly $33,000 in taxes through 2004 and 2007.
The state of California filed a $72,003 tax lien against supermodel Gisele Bundchen on June 1 in the Los Angeles County Recorder of Deeds office, according to The Detroit News.
The IRS has filed tax liens against the Golden Globe winner Randy Quaid totaling more than $1.16 million in recent years, according to The Detroit News.
Grammy Award-winning R&B diva Patti LaBelle owes more than $337,000 in federal taxes, according to The Detroit News.
Actor Wesley Snipes failed to pay taxes on his $38 million income, court papers revealed. The New Jack City star was also charged with fraudulently claimed tax refunds of almost $12 million in 1996 and 1997. He was found not guilty of federal tax-fraud and conspiracy charges, but was convicted on three misdemeanor counts of failing to file a tax return and was sentenced to 3 years in prison. Snipes had faced up to 16 years in prison if convicted on all charges before beating the IRS on charges of evading taxes on $14 million.
We doubt "Full House's" funny Uncle Joey was laughing when he found about his back taxes. Comedian Dave Coulier owes $48,856 in state and federal taxes, according to The Detroit News.
Blake Lewis wowed season six "American Idol" viewers when he broke out his human beatbox skills. Now the unique musician reportedly owes $124,798 in federal taxes, according to The Detroit News.
Robert Patrick, known for his tough-guy roles in "Cop Land," "Walk the Line," and "Terminator 2" owes more than $176,000 to the IRS and state of California, according to The Detroit News.
Actress Teri Polo who starred alongside Robert De Niro and Ben Stiller in "Meet the Parents," owes $433,736 in delinquent state and federal taxes, according to The Detroit News.
Juilliard-trained actor Val Kilmer, owes $538,858 in federal taxes, according to The Detroit News. Apparently they didn't teach the repercussions of tardy bill payment at the prestigious performing arts school.
Chris Tucker, the "Rush Hour" star was slapped with a $3.6 million tax lien in June, by the state of California , according to The Detroit News.
The state of New York claims Kiss' original lead guitarist Ace Frehley owes $20,580 in delinquent state taxes. According to The Detroit News his rep had no comment.
Lea Thompson, who played Marty McFly's mom Lorraine in the "Back to the Future" has been faces a $8,691 lien by the state of California, according to The Detroit News.
Oscar-winning actor Forest Whitaker owes $1.27 million in state and federal taxes, according to The Detroit News.
Detroit native and comedian David Alan Grier, owes $49,931 in delinquent state taxes, according to The Detroit News.
Actress Robin Givens owes $237,672 in state and federal taxes, according to The Detroit News.
According to The Detroit News actor and Michigan native Verne Troyer better known as Mini-Me owes $283,363.
Sherilyn Fenn, Detroit native and actress best known for her role as Audrey Horne on "Twin Peaks," owes $176,593 in state and federal taxes since 2006, according to The Detroit News.
"The Facts of Life" star Lisa Whelchel is mired in a messy tax dispute. According to the state of Pennsylvania, Whelchel owes $668,501 in delinquent taxes tied to a controversial real-estate deal, according to The Detroit News.
R&B singer Brian McKnight, who competed on "Celebrity Apprentice" this year, owes more than $257,000 in federal taxes, The Detroit News.
MC Hammer has had his fair share of money troubles since "Can't Touch This" rocketed the singer to superstardom...and they don't seem to be ending any time soon. The Detroit News reports state of California and IRS have filed liens against him this year totaling more than $671,000.
Julio Cesar Chavez, considered by many one of the pound-for-pound greatest boxers and the best Mexican fighter ever, owes more than $12.7 million in federal income taxes, according to The Detroit News.
Few actors have as rich a pedigree as Miguel Ferrer, son of the late singer/actress Rosemary Clooney and cousin of George Clooney. Ferrer, who starred in the Detroit-based flick "RoboCop" and the short film "Robocop: Villains of Old Detroit," owes $289,800 in delinquent state and federal taxes, The Detroit News.
"Stone Cold" Steve Austin, the retired World Wrestling Entertainment star turned action-flick actor, owes more than $22,000 in California state taxes, according to The Detroit News.
Ruben Studdard, the second season "American Idol" winner, owes $254,119 in state and federal taxes, according to The Detroit News.
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Nicolas Cage (born January 7, 1964 in Long Beach, California, U.S.A.) is an American actor and producer.
Cage pursued acting as a career, making his debut on television in 1981. Cage has been featured in numerous "bad boy" roles, and has won numerous awards, beginning in 1989 with his Independent Spirit Award, an Academy Award for Best Actor for his lead role in Leaving Las Vegas, and his most recent Toronto Film Critics Association Award in 2002.
Cage has appeared in over 60 films including Face/Off (1997), Ghost Rider (2007), and National Treasure (2004). Cage has married three times, once to Patricia Arquette, then to Lisa Marie Presley, and most recently to his current wife Alice Kim Cage. blogywoodbabes.blogspot.com
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