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Chris Tucker Might Loses His Home!

Chris Tucker Might Loses His Home!

Thursday October 13, 2011

9f46df60205198821.jpg1 Chris Tucker Might Loses His Home!CHRIS Tucker faces losing his Florida mansion with $4.4 million owed to the bank.

The actor-and-comedian — who was paid $20 million for each film he starred in for the Rush Hour franchise — is believed to owe $11.5 million to the Internal Revenue Service (IRS) after failing to pay taxes in 2001, 2002, 2004, 2005 and 2006 and now papers have been filed in Circuit Court in Lake County claiming he owes millions to the bank after buying the $6 million home on Lake Apopka, near Orlando, in 2007, according to the Orlando Sentinal.

The palatial home contains five bedrooms, three fireplaces, a personal spa, an outdoor kitchen overlooking a pool, and a basement resembling a pirate ship, complete with a sail and the actor was paying a monthly mortgage of $25,812.50.

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 Chris Tucker Might Loses His Home!0914df7b52k8MZdE.gif Chris Tucker Might Loses His Home!
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Nicolas Cage Paid For Son to Fly to Wedding on Private Jet

Nicolas Cage Paid For Son to Fly to Wedding on Private Jet

Tuesday May 3, 2011

TYG 0098142 Nicolas Cage Paid For Son to Fly to Wedding on Private JetNICOLAS Cage paid for his son to fly in a private jet when he got married last month.

The actor’s 20-year-old son Weston Cage — his child with actress Christina Fulton – married Nikki Williams in New Orleans on April 24 and the ‘Drive Angry’ star paid for the couple to fly back to Los Angeles in luxury after first treating them to a four-night stay at a “four diamond” hotel in the city and covering the costs for several guests to attend the nuptials.

According to gossip website TMZ, he also provided the cash for a breathtaking fireworks display at the end of the wedding.

The 47-year-old actor’s generosity comes after it was revealed last month he owes over $620,000 in unpaid gift taxes.

He is alleged to have given a total of $1.8 million to various people between 2004 and 2009, but did not pay the required taxes, according to the Internal Revenue Service (IRS).

Under federal tax laws a 35 per cent tax must be paid by the giver on any large cash gifts.

In 2009, it was revealed Cage owed $14 million in unpaid taxes and fees for the years 2002, 2003, 2004 and 2007.

In December 2010, the Hollywood actor made a $360,545 tax payment to the US government to cover owed back taxes from 2002 to 2004.

Last month, Nicolas was arrested in New Orleans for allegedly pushing his wife Alice Kim — with whom he has a five-year-old son Kal-El — during a drunken row.

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Ozzy and Sharon Osbourne To Sell Malibu Beach House

Ozzy and Sharon Osbourne To Sell Malibu Beach House

Wednesday April 27, 2011

ALO 12918121 Ozzy and Sharon Osbourne To Sell Malibu Beach HouseOZZY and Sharon Osbourne have put their Malibu beach house up for sale for $10 million.

The married couple — who were recently presented with an unpaid $1.7 million tax bill by the Internal Revenue Service (IRS) which they have now paid –have decided they no longer want the luxurious five-bedroom house and have put it on the market.

As well as multiple bedrooms, the 4,500 square-foot property also boasts five bathrooms, a study, large living room, two balconies which provide panoramic ocean views and is situated directly on the beach within a gated community.

Rocker Ozzy and The Talk presenter Sharon rented out the California home for $40,000-a-month in 2010.

Earlier this month, Sharon admitted she blamed herself for the $1.7 million tax bill.

The 58-year-old star — who owed $718,948.25 for the 2008 tax year and $1,024,175.03 for 2009 — accepts she spent too much time focusing on herself rather than concentrating on her household finances.

“I’m to blame. Even though [the accountant] is paid to do a job, the buck stops with me. I was too involved with myself. I cancelled two meetings with him over the last 18 months because I was way too busy. The bottom line is it stops with me,” she said.

“The last couple of years, I have really been concentrating on myself – because I think I love myself a little bit too much – and not taking care of business.”

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Nicolas Cage Owes $620,000 in Unpaid Gift Taxes

Nicolas Cage Owes $620,000 in Unpaid Gift Taxes

Saturday April 16, 2011

TYG 0098142 Nicolas Cage Owes $620,000 in Unpaid Gift TaxesNICOLAS Cage reportedly owes over $620,000 in unpaid gift taxes.

The Drive Angry star is alleged to have given a total of $1.8 million to various people between 2004 and 2009, but did not pay the required taxes, according to the Internal Revenue Service (IRS).

Gossip website TMZ obtained a federal tax lien filed against Cage in Los Angeles County on March 17 which states the Hollywood actor owes $624,934.64 for his donations.

Under US federal tax laws a 35 per cent tax must be paid by the giver on any large cash gifts.

In 2009, it was revealed Cage owed $14 million in unpaid taxes and fees for the years 2002, 2003, 2004 and 2007.

In December 2010, the 47-year-old Hollywood actor made a $360,545 tax payment to the US government to cover owed back taxes from 2002 to 2004.

Cage has claimed he was led “down a path of financial ruin” by his former business manager Samuel Levin, who he sued for $20 million.

He filed the lawsuit against Levin in October 2009, claiming his ex-employee had caused him “catastrophic losses” by making bad investments but dropped the case in September 2010 after allegedly agreeing to settle out of court.

The actor has been beset by financial problems in recent months and in October 2010 he was ordered to pay over $2 million to the Nevada State Bank.

He owed $2,511,605.74 because of a loan he defaulted on, as well as unpaid taxes, legal costs and lawyer’s fees after his Las Vegas home was repossessed last year.

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