Home : Celebrity Justice : Cage's Business Manager -- Troubled History

Celebrity Justice
Cage's Business Manager -- Troubled History

Posted Oct 16th 2009 10:55AM by TMZ Staff

Nicolas CageWhy is Nic Cage in such deep trouble??? The person Nic's suing has tried to explain Cage's financial troubles before...

Last year, the IRS put the screws to Cage after they discovered the actor tried to write off $3.3. million in personal expenses as business expenses from 2002 to 2004 -- things like limo rides, meals, gifts and Cage's private jet.

Cage's business manager, Samuel J. Levin tried to explain the situation to Forbes, telling them Nic's tax moves were "customary in the entertainment industry" -- the IRS didn't see it that way.

Ultimately, Uncle Sam forced Cage to hand over $660,000 in back taxes and penalties.

But now, Cage has an even bigger financial mess on his hands -- accusing Levin of being so reckless and incompetent with his money, that he's been forced "down a path of financial ruin."

And this time it's Nic who's doing something "customary in the entertainment industry" -- he's hired power lawyer Marty Singer to sue Levin's pants off.



Tags: forbes, history, nic cage, NicCage, samuel j. levin, SamuelJ.Levin, tax

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1. Look at me, I'm like Simone, I'm so cool!

Posted at 11:10AM on Oct 16th 2009 by o rly

2. NOT!!!

Posted at 11:11AM on Oct 16th 2009 by o rly

3. Pot, kettle about getting a life, o rly.

Posted at 11:14AM on Oct 16th 2009 by Simone

4. I'm Simone, I copy other people's quotes because I lack the "wit" to come up with my own.

Posted at 11:16AM on Oct 16th 2009 by o rly

5. LMAO that's rich coming from you, troll. Go join the Kooky club of originality.

Posted at 11:17AM on Oct 16th 2009 by Simone

6. Simone, don't get you get it? Trolling is a art.
Kooky is better than you'll ever be.
TMZ hall of famer, you're a TMZ hall of shamer/lamer.

Posted at 11:32AM on Oct 16th 2009 by o rly

7. I think rly and the fake "Simone" are the same person. You both are just the same loser trying to get some attention using my name. I just feel sorry for people like you that stay all day long here pretending to be arguing among yourselves. Ridiculous and pathetic!!!!!!

Posted at 12:56PM on Oct 16th 2009 by Simone - number 1

8. Simone, I see you used spell check this time; good for you!

Posted at 1:21PM on Oct 16th 2009 by o rly

9. what are you sure nicolas cage did all of this ignored 3.33millon worth of taxes
i just saw national treasure the orginal last saturday
i did not hear that in the news and mainstream media

Posted at 3:42PM on Oct 16th 2009 by kendra joy bethune

10. UNDER WATER IS DOA as 10,00 home a day are taking the price is right down.BANKSS&cons infated the prices and goverment got kickbacks.SOS as 1970`s only dhas time baby boomers and populations worldwide are dieing off.Banks can`t carry the NOTES on underwater homes&rentals.Florida`s homes and condo`s are owned by investors and in fact 75% of them are just investors gambles.NIC is just the norm as under water banks call in notes.FOOD&Farms are the backbone of the american markets and FOOD is better than GOLD.The markets in real estate are over old school babyboomers dieinf off and NO GNP`s.NIC will be back in last than a year with his income.

Posted at 4:25PM on Oct 16th 2009 by WATER BOY SS

11. Nic.. if the legend I've heard is true, there's a couple of points I'd like to make about your bad luck:

Dude... you never shoulda sat on "The Kings" throne... talk about bad mojo!!!

And then to strike a pose on the floor... well that's really, really bad taste & double bad mojo!!!

Never shoulda messed with E.P.!!!!

Sorry, I'm just sayin'...

Posted at 7:52PM on Oct 16th 2009 by bka62223

12. GOOD FOR @#!%IN HIM MAN!!!

Posted at 8:06PM on Oct 16th 2009 by Gigetta hall

13. Nic Cage will be just fine, a few wrong paths will not decide a man't life, looat what he's accomplished, and the entertainment he's brought to us all. Wish you luck babe.

Posted at 10:30PM on Oct 16th 2009 by toni

14. Are you all retarded? seriously. Anyone who claims to be in financial ruin after earning $40 million in one year,,,,FORTY MILLIONS in 12 MONTH,,,is either lying or a completely wasteful bastard that needs to go away. How do you blame it on a business manager??? It's YOUR money Nic....were you blaming him when he was earning a (false) 25% percent from ridiculous investments? of course not. Where'd that profit go????

Posted at 1:52PM on Oct 18th 2009 by KC

15. Nic...at the very least check your astrology chart, both natal and progressions, as well as daily. Saturn is afflicted, and leaves us no alternative accept to learn, and evolve. As Capricorns, the challenge is the inertia to overcome these obstacles, as only we can do!!!
Blessings.

Posted at 12:48PM on Oct 31st 2009 by donna

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