General News

Stephen Baldwin pays down tax debt

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Jan 12, 2014 | 10:37am EST

Actor Stephen Baldwin has reduced his U.S. tax debt by making another $100,000 (GBP62,500) payment during a court hearing in New York on Friday (10Jan14). The Usual Suspects star was arrested in December (12) amid allegations he owed an estimated $400,000 (GBP250,000) in back taxes, penalties and interest to the Internal Revenue Service for the years 2008, 2009, and 2010. In March (13), the 47 year old pleaded guilty to tax evasion as part of a plea deal to avoid jail time, and was ordered to pay back the outstanding sum over the course of one year. On Friday, Baldwin made his third payment, leaving him with $100,000 (GBP62,500) to settle, according to the Huffington Post. His record will be wiped clean if he pays the amount in full by April (14). If he fails to make the remaining payment, he faces five years of probation.

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