Another actor cuts a deal with the IRS

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Judge Roy Bean
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Another actor cuts a deal with the IRS

Postby Judge Roy Bean » Tue Sep 09, 2008 5:15 pm

http://taxprof.typepad.com/taxprof_blog/2008/09/bangkok-and-irs.html

"The IRS says movie star Nicolas Cage used a company he owns to wrongly write off $3.3 million in personal expenses, including limos, meals, gifts, travel and his Gulfstream 1159A turbojet. ... The feds hit Cage both ways, denying Saturn a deduction for the disputed expenses while taxing Cage individually on the perks as salary and "constructive dividends."


Nice work if you can get it (this isn't his):
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Re: Another actor cuts a deal with the IRS

Postby Evil Squirrel Overlord » Tue Sep 09, 2008 5:53 pm

That isn't a jet. It is a car. Well, most of the time when it is not in the air it sits on concrete and can be used to drive business clients to the airport.
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Re: Another actor cuts a deal with the IRS

Postby webhick » Tue Sep 09, 2008 6:25 pm

Judge Roy Bean wrote:Nice work if you can get it (this isn't his):
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Of course it's not his. It doesn't say "Con Air" on the side.
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Re: Another actor cuts a deal with the IRS

Postby fortinbras » Tue Sep 09, 2008 6:37 pm

Anyone who remembers seeing Nicholas Cage in the 1989 grade-B "Vampire's Kiss" knows that he can be counted on to capitulate to blood suckers.

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Re: Another actor cuts a deal with the IRS

Postby grixit » Tue Sep 09, 2008 8:54 pm

Uh-oh. If they put Cage and Snipes in the same cell, it's gonna be judgement day for the US government.
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Re: Another actor cuts a deal with the IRS

Postby Judge Roy Bean » Tue Sep 09, 2008 11:10 pm

I doubt Cage is facing criminal charges.

I personally liked him in both "Next" and "Lord of War."
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Re: Another actor cuts a deal with the IRS

Postby aitchel » Wed Sep 10, 2008 11:52 am

Isn't this the way it is supposed to work. You have a disagreement over proper or improper deductions, you go to Tax Court, reach a settlement, pay the bill, and get on with your life.

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Re: Another actor cuts a deal with the IRS

Postby Mr. Mephistopheles » Thu Sep 11, 2008 5:46 am

Judge Roy Bean wrote:I doubt Cage is facing criminal charges.

I personally liked him in both "Next" and "Lord of War."


I think he does his best work in comedy. IMO, he doesn't pull off the tough guy roles very well.

He was masterful in Raising Arizona.

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Re: Another actor cuts a deal with the IRS

Postby Red Cedar PM » Sun Sep 14, 2008 1:15 pm

Nick Cage trying to pass off a half-assed southern accent in Con Air = worst acting ever.
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Grixit wrote:Hey Diller: forget terms like "wages", "income", "derived from", "received", etc. If you did something, and got paid for it, you owe tax.


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