Stephen Baldwin Chips Away at His Tax Debt
by Terri Eyden on
By Teresa Ambord
So far so good. Last March when actor Stephen Baldwin made a plea deal in New York's Rockland County Court, he committed to paying off his back taxes within one year. The original bill, with interest and penalties added, came to about $400,000. Baldwin made one payment earlier this year, reducing the bill to $343,068. Then last week, on October 18, he made the second installment payment, reducing his balance to $243,068.
After an investigation last year, Baldwin was arrested for failure to file tax returns for 2008 through 2010. To his credit, he took full responsibility for the lapse.
"This was never about not wanting to do the right thing, never about not wanting or willing to pay what I owe." He told reporters he's confident he'll be able to pay off the balance in full and on time.
After Baldwin delivered his certified check for $100,000 to the court last week, Judge Charles Apotheker told reporters, "This certainly makes me feel Mr. Baldwin understands his obligations."
Assuming Baldwin pays off his debt within a year (from the date of the plea deal), he'll be given a conditional discharge with no jail time.
- Update: Stephen Baldwin's Tax Case Moves On
- Stephen Baldwin Takes Plea Deal for Tax
- Stephen Baldwin: Arrested for Tax Evasion
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