On February 22, 2008, SmartPros featured a story, IRS Sues Nicolas Cage for Claiming Personal Expenses, from Zap2It reporting that Cage "has been sued by the Internal Revenue Service for trying to write off more than a million in personal expenses."
Cage's representatives have since contacted us referring to this correction from the World Entertainment News Network (WENN) that distributed the story:
On February 20, 2008, World Entertainment News Network (WENN) distributed a story about actor Nicolas Cage under the headline "Cage Accused of Tax Fraud." WENN has since been advised by Mr. Cage's legal advisors the headline is untrue and he has not in fact been accused of tax fraud, and that, to the contrary, Mr. Cage initiated legal proceedings against the Commissioner of Internal Revenue challenging certain decisions of America's Internal Revenue Service (IRS) and not vice versa. WENN regrets this error and apologizes to Mr. Cage for any distress this erroneous article caused.
SmartPros is continuing to follow this story and will provide an update at a later date.