Val Kilmer Joins Cage, Snipes in the Money Issues Club

Val Kilmer Joins Cage, Snipes in the Money Issues Club

Celebrity News

By our guest blogger, Nick Hanover

Coming in from Us Magazine is some news that sheds some light on Val Kilmer's questionable recent career path that indicates the actor Chuck Klosterman once called "advanced" owes around $500,000 to the U.S. government, give or take. The government has taken the action of putting liens on some of Kilmer's property, most notably a 5,300 acre ranch the actor has had on the market for quite some time, valued at nearly $20 million.

Kilmer is just the latest celebrity to be revealed to be suffering from the economic chaos like the rest of us normal folk; Wesley Snipes is currently serving a three-year sentence for tax evasion and Nicolas Cage owes in the ballpark of $14 million, which he claims is a result of his agent stealing money from him, whom he is now suing. Kilmer's problems are specifically from the property he is attempting to sell, which he has had to consistently devalue due to lack of interest. Further, Kilmer has had run-ins with the IRS in the past, including a nearly $550,000 lien in 2009 from property in New Jersey and in 2004 he and his ex-wife were ruled against in the New Mexico court of appeals over the couple's attempts to get a $300,000 tax refund.

While his tax debt may seem massive, Kilmer does at least have some high profile projects on the docket, including his role in the recently released "Gun," the new starring vehicle for 50 Cent that was also written by the rapper. Yes, you read that right, 50 Cent wrote a movie. More exciting (to me, at least) is Kilmer's rumored part in the upcoming Steve Coogan film "The Codfather," which supposedly also features Vinnie Jones and Nick Frost. IMDB shows that as well as these films, Kilmer is said to be involved in at least nine other productions in 2011. At that rate, Kilmer will have paid off that IRS debt before Wesley Snipes have finished his yoga program for inmates.