Here’s the press release from the U.S. Attorney’s Office:
Illinois State Rep. LaShawn Ford, 42, of Chicago, pleaded guilty today to delivering a false federal income tax return for calendar year 2007 to the Internal Revenue Service.
U.S. District Judge Rebecca Pallmeyer set sentencing for 11 a.m. on Nov. 7, 2014.
Ford faces a maximum sentence of a year in prison and a $100,000 fine.
The court must impose a reasonable sentence under federal statutes and the advisory United States Sentencing Guidelines.
On the income tax form, Ford,
“stated that the cost or other basis for the property at 5700 W. Erie was $166,979, a figure that included $74,226 in purported rehabilitation costs, yielding a capital gain of $124,278.”
The indictment then says,
“As the defendant knew, the rehabilitation costs for that property were in fact approximately $51,160. This resulted in a $3,782 tax loss.”