Former N.C. State basketball coach Sidney Lowe pleaded guilty in a Wake County court Wednesday to failing to file his North Carolina tax returns for three years.
Lowe, 53, was given 36 months of supervised probation, a suspended 45-day jail sentence, 100 hours of community service and ordered to pay $79,218.59 in restitution to the state for failing to file returns in 2009, 2010 and 2011.
In addition, Lowe who was N.C. States basketball coach from April 2006 to March 2011, has to pay $2,000 in fines and court costs.
Lowe, who was the point guard of the Wolfpacks 1983 national title team, was embarrassed by the incident, his Raleigh-based attorney, Lee Turner said.
A mix-up with his accountants and the inability to follow up with the state, is how Lowe got into tax trouble, Turner said.
There was a breakdown in communication and neglect on his part to not follow through, Turner said. Ultimately, it was his responsibility.
Lowe filed his federal tax returns for the years in question, Turner said.
The state Department of Revenue had contacted Lowe about the tax issues but he didnt resolve them. According to the department, Lowe received about $962,000 in income in 2009 and $953,000 in 2010 from N.C. State, and $659,000 in 2011 from the Wolfpack and the NBAs Utah Jazz, who hired him as an assistant coach before the 2011-12 season.
Lowe, who was in court, is in his third season as an assistant with the Jazz. He had an 86-78 record in five seasons with the Wolfpack.
He was originally charged on Feb.18. The case was continued several times but Turner said Lowes new accountants, based in Utah, have filed the previous state tax returns and Lowe is happy to have the case resolved.
I assure you this is something that is never going to happen again, Turner said.
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