Actor Stephen Baldwin was recently arrested for tax evasion in his home state of New York. He is charged with not filing his state taxes for the past three years, resulting in owed back taxes of $350,000, which does not include any applicable penalties.
Baldwin resides in Rockland County in the state of New York. According to the district attorney’s office, the state and county are facing severe financial setbacks, and this situation is influencing the state to take action against individuals who owe taxes. Stephen Baldwin has been under investigation this past year by the Rockland County Special Investigation Unit and New York State Department of Taxation and Finance office. The actor’s representative, however, stated that he was not trying to deceive anyone
Baldwin paid an estimated $100,000 and is planning to pay an additional $100,000 to settle the amount still owed when he returns for his next court date, which is set in the beginning of February. However, he may pay anywhere between $100,000 and $350,000 to settle his tax debt, and he may get a four-year prison sentence if he is convicted of tax evasion.
The Internal Revenue Service conducts thousands of investigations every year when it suspects that individuals or corporations are not fulfilling their legal obligations to pay taxes. If a person has taxes filed incorrectly or commits other tax crimes, he or she can face very serious consequences, including prison time, large fines and hefty penalties and interest charges. A tax attorney can provide legal assistance to clients by sorting through the maze of tax documentation and sharing his or her knowledge about tax laws, rules and regulations.
Source: UInterview News, “Stephen Baldwin Arrested For Tax Evasion,” Dec. 10, 2012