Posts tagged "celebrity gossip"

Stephen Baldwin’s latest role….tax evasion

New York – Well known actor Stephen Baldwin failed to pay taxes in his home town of New York for the past three years amassing $350,000 in debt. He skipped paying state taxes from 2008-10 racking up this large sum.

Stephen, the youngest of the Baldwin brothers plead not guilty to the tax charges and was freed without bail. Stephen and his lawyer Russel Yankwitt, disagree about the charges

‘‘Mr. Baldwin did not commit any crimes, and he’s working with the district attorney’s office and the New York State Tax Department to resolve any differences,’’ Yankwitt said.

Baldwin could face up to four years incarcerated if found guilty of these charges. This trial will be held on February 05.  These charges would be added on top of the $350,000 dollars in taxes and fees already accrued by Stephen.

‘‘We cannot afford to allow wealthy residents to break the law by cheating on their taxes,’’ the district attorney said. ‘‘The defendant’s repetitive failure to file returns and pay taxes over a period of several years contributes to the sweeping cutbacks and closures in local government and in our schools.’’

Thomas Mattox, the state tax commissioner, said, ‘‘It is rare and unfortunate for a personal income tax case to require such strong enforcement measures.’’

Stephen, 46 is most known for his role in the “Usual Suspects” and “Born on the Fourth of July”. He is also slated to be on “celebrity Apprentice” In March of 2013. Stephen comes from a lineage of famous actors including Alec, William and Daniel.

Stephen recently filed for bankruptcy in 2009 owing over $1.2 million dollars on two failed mortgages over a million in federal taxes and just shy of $100,000 in credit card dept. Things aren’t looking too good for this Baldwin brother.

Only time will tell if this celebrity profile will come clean and pay off its debts. Maybe going after these large scale tax debts could help ease the burden of our fiscal cliff.

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Posted by Taxmaster - December 7, 2012 at 2:14 am

Categories: Income Tax   Tags: , , , ,

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