Stephen Baldwin was arrested in New York on Thursday and charged with failure to file state income taxes for three years, LA Times reports.

Baldwin was arraigned for repeated failure to file tax returns for the years 2008, 2009 and 2010, according to the Rockland County district attorney, who said the youngest of the Baldwin Brothers owes more than $350,000 in taxes and penalties.

The 46-year-old "Celebrity Apprentice" alum and talk-radio host pleaded not guilty and was released on his own recognizance.

"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," said Baldwin's attorney, Russell Yankwitt.

Dist. Atty. Thomas Zugibe disagreed.

"We cannot afford to allow wealthy residents to break the law by cheating on their taxes," Zugibe 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."

Baldwin filed for bankruptcy in July 2009, according to TMZ. He's due back in court Feb. 5, and could be looking at four years in prison if convicted of the felony.