Actor Nicolas Cage has been accused of using his production company to “wrongly write off $3.3 million in personal expenses.” An inside source did not say that $1.7 million of it was for hairplugs and botox, but it is possible. The National Treasure star is fighting an Internal Revenue Service (IRS) payment after allegedly using his Los Angeles-based company, Saturn Productions, to pay for “limos, meals, gifts, travel,” reports New York gossip column PageSix.com. However, a spokesman for the star says the items were “security needs.” A business expense is a business expense. These stars need to spend ALOT of money for their entourage….we are taking Nick’s side on this. Cage has filed a U.S. Tax Court lawsuit disputing $814,000 in taxes and penalties while Saturn is refusing to pay the IRS $988,000.
February 22nd, 2008 • Related • Filed Under
sorry...didn't mean to post it twice...oops 
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