Nicolas Cage Accused of Tax Fraud

February 20, 2008 By:
Nicolas Cage Accused of Tax Fraud

There are two guarantees in life; death and taxes. Nicolas Cage had found a clever way to get out of the second part, but unfortunately for him, the IRS caught on.

Cage has been accused of using his production company to "wrongly write off $3.3 million in personal expenses."

He's allegedly been using his company, Saturn Productions, to pay for "limos, meals, gifts, travel", reports Forbes.com

However, a rep for the star says the items were "security needs". 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. Will these celebrities ever learn?