The state Department of Revenue says Lowe didn't file returns in 2009, 2010 and 2011. Those were the last three years he coached the Wolfpack. He was arrested Monday and released on a $10,000 unsecured bond on the misdemeanor charges.
Lowe is now an assistant with the NBA's Utah Jazz.
In a statement from his Raleigh-based attorney E. Lee Turner, Jr., Lowe apologized to his family and friends in North Carolina for the news, adding that he takes the charges very seriously.
Lowe also said he will continue to cooperate with everyone involved in the legal process.