A new year means a new start for Nicolas Cage.
The Oscar winner, who has recently encountered countless financial woes, is making good on years-old payments owed to the IRS, confirms People.
"Over the course of my career I have paid at least $70 million in taxes, unfortunately, due to a recent legal situation, another approximate $14 million is owed to the IRS," Cage explains, referring to the nearly $6 million tax lien the federal agency placed on his property late last year.
Cage has vehemently denied any wrongdoing, blaming bad business deals on his current troubles, but says that it's now all a thing of the past. "However, I am under new business management and am happy to say that I am current for 2009," the actor explains, "all taxes will be paid including any to be determined state taxes."
Financial issues should remain far behind Cage, who has three movies scheduled for a 2010 release, including Kick-Ass, The Sorcerer's Apprentice, and Season of the Witch.