A million-dollar man no more: Despite being able to command about $20 million a movie, actor Nicolas Cage is dancing with financial ruin. The actor’s New Orleans homes, each valued at about $3.5 million, will hit the auction block on Nov. 12 to help the actor pay off the $5.5 million in unpaid mortgage debt on them, according to NOLA.com.

And to make matters worse, Nic — who lost his beloved dad to a heart attack last week — is in for more than $6 million to the IRS.

So what happened to Cage’s millions? The Valley Girl star believes his former business manager had something to do with it. Nic is suing Samuel Levin for leading him “down a path toward financial ruin,” in $20 million lawsuit filed last month.

The IRS is looking for more than $6.2 million from actor Nicolas Cage, The Detroit News reported.

According to the publication, a $6,257,005 tax lien was filed against the Knowing star’s $3.55 million New Orleans mansion on July 14 stemming from alleged unpaid income tax for 2007.

Actress Kathleen Turner, who is facing a libel lawsuit from actor Nicolas Cage for statements made in her new autobiography, Send Yourself Roses, pimps out the work in a Today Show interview with Matt Lauer. Check out Kathleen slam Nic and actor Burt Reynolds in this video footage of the interview.

Nicolas Cage is suing actress Kathleen Turner over comments she made about him in her autobiography Send Yourself Roses. Nic has issued libel proceedings against his one-time co-star at the High Court in London. Read the rest of this entry »