The actor was arrested on Thursday in New York and charged with one felony count of repeated failure to file personal income tax returns.
According to a press release from Rockland district attorney's office, Baldwin failed to file New York State personal income tax returns for 2008, 2009 and 2010. His alleged tax liability to the state, including penalties and interest, is more than $350,000.
"At a time when Rockland County and New York State face severe fiscal shortfalls, we cannot afford to allow wealthy residents to break the law by cheating on their taxes," District Attorney Thomas P. Zugibe said in a statement. 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. My office will continue to investigate and prosecute those who cheat our tax system for their personal gain."
According to the release, Baldwin's arrest is the result of an investigation spearheaded by the Rockland County Special Investigations Unit and the New York State Department of Taxation and Finance.
Baldwin was arraigned today in Nyack Justice Court where he pleaded not guilty, and was released on his own recognizance.
He is due to return to court on Feb. 5, 2013. If convicted, Baldwin faces up to four years in state prison.