LOS ANGELES — Nicolas Cage is in trouble with the IRS once again for failing to pay more than $600,000 in taxes for financial gifts he made over the past five years, TMZ reported Friday.
The federal tax lien, filed in late March, showed gifts estimated at $1.8 million made by the “National Treasure” star to undisclosed parties from 2004 to 2009.
Cage’s latest tax trouble comes nearly two years after he was nailed with a tax debt of $14 million — though the 47-year-old actor claimed his business manager, Sam Levin, was responsible for making reckless investments that incurred the massive debt.
He filed a lawsuit in 2009, claiming Levin led him “down a path toward financial ruin” and demanding $20 million.
The Oscar-winner, who earned an estimated $24 million in 2010 according to Vanity Fair’s Top Hollywood Earners list, said he had to sell off major assets to pay his tax bill.
Lą²evin countersued, alleging Cage squandered his wealth via an extravagant lifestyle that included $ā33 million worth of real estate and 22 cars, including nine Rolls-Royces.
The twšo eventually reached an agreement in September but the terš ms of the settlement were not disclosed.