Stephen Baldwin - Stephen Baldwin to avoid prison in tax case

Stephen Baldwin is set to agree a deal over an alleged unpaid $350,000 tax bill.

The 46-year-old actor is accused of failing to pay income tax in Rockland County, 15 miles northwest of Manhattan, for the years 2008, 2009 and 2010 but his attorney Russell Yankwitt says he will avoid prison and get up to five years to pay back the money owed, according to Fox News.

He added that under the deal, Stephen will plead guilty this month to a tax felony and if he manages to pay the money back in one year, his record will be wiped clean.

Stephen's arrest for tax evasion in December came six months after a court rejected the born-again Christian's claim that he and a friend missed out on a lucrative contract with oil company BP thanks to Kevin Costner and his business partner in oil cleanup, Patrick Smith.

Stephen and co-plaintiff Spyridon Contogouris, were asking for at least $17 million in damages at federal court in New Orleans, however were awarded nothing.

In the wake of the Deepwater Horizon spill in the Gulf of Mexico, 'The Bodyguard' actor offered BP the services of a device he had helped develop, and BP contracted to buy 32 of the oil-and-water-separating centrifuges in the summer of 2010.

'The Flinstones in Viva Rock Vegas' star Stephen, an early investor in Stephen's Ocean Therapy Solutions, sold his shares before the deal went through-and was demanding the sum to fill the hole left by the money he said he could have made if he had known they were on the verge of a lucrative transaction.


Contactmusic

Tags: Stephen Baldwin


Editors Recommendations

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

The Cannes Film festival is sneaking up fast. The Oscars felt like they were 8 minutes ago...

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

Next weekend's CounterPoint Festival will be the event's first year at a new 5000-acre site, featuring...

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Superhero movies have been striving towards the almost unobtainable goal set...

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Ricky Gervais is "Hooked" on David Brent Again - Former Paper Merchant To Return

A return for David Brent has been mooted ever since the character was wheeled...

Ricky Gervais is

This Labor Day, Jay Z Is Bringing "Made In America" To Downtown Los Angeles

Jay Z and the Mayor of Los Angeles Eric Garcetti have announced that the rapper’s...

This Labor Day, Jay Z Is Bringing

Anna Wintour wants 'more exclusive' Met Ball 2014

The editor-in-chief of US VOGUE magazine is reportedly determined for the annual...

Anna Wintour - Anna Wintour wants 'more exclusive' Met Ball 2014

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

The comedy classic 'Mrs. Doubtfire' is reportedly set to return to the big-screen...

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Of Mice And Men premiered on Broadway last night, giving critics a chance to cast...

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'

Sofia Vergara has been speaking about her nerves at shooting a ménage a trois with...

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'


More recommendations

Comments

Stephen Baldwin Newsletter

Subscribe to this news alert service to receive news and reviews on Stephen Baldwin

Unsubscribe | Unsubscribe All