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Another actor cuts a deal with the IRS
Posted: Tue Sep 09, 2008 4:15 pm
by Judge Roy Bean
http://taxprof.typepad.com/taxprof_blog ... d-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):
Re: Another actor cuts a deal with the IRS
Posted: Tue Sep 09, 2008 4:53 pm
by Evil Squirrel Overlord
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.
Re: Another actor cuts a deal with the IRS
Posted: Tue Sep 09, 2008 5:25 pm
by webhick
Judge Roy Bean wrote:Nice work if you can get it (this isn't his):
Of course it's not his. It doesn't say "Con Air" on the side.
Re: Another actor cuts a deal with the IRS
Posted: Tue Sep 09, 2008 5:37 pm
by fortinbras
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.
Re: Another actor cuts a deal with the IRS
Posted: Tue Sep 09, 2008 7:54 pm
by grixit
Uh-oh. If they put Cage and Snipes in the same cell, it's gonna be judgement day for the US government.
Re: Another actor cuts a deal with the IRS
Posted: Tue Sep 09, 2008 10:10 pm
by Judge Roy Bean
I doubt Cage is facing criminal charges.
I personally liked him in both "Next" and "Lord of War."
Re: Another actor cuts a deal with the IRS
Posted: Wed Sep 10, 2008 10:52 am
by aitchel
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.
Re: Another actor cuts a deal with the IRS
Posted: Thu Sep 11, 2008 4:46 am
by Mr. Mephistopheles
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.
Re: Another actor cuts a deal with the IRS
Posted: Sun Sep 14, 2008 12:15 pm
by Red Cedar PM
Nick Cage trying to pass off a half-assed southern accent in Con Air = worst acting ever.