Chicago Businessman Deals with Tax Charge
The president of a Chicago government relations and economic development firm was charged with filing a false federal corporate income tax return for allegedly underreporting his firm’s taxable income.
Illinois Development Services Corporation president Anthony B. Bruno, 56, was charged in a single-count criminal information alleging he filed a federal corporate income tax return for Gray & Associates for calendar year 2001 which stated that Gray & Associates’ taxable income was negative $101,239, knowing that the firm’s taxable income was in excess of that amount.
If convicted, Bruno faces up to three years in prison and a $250,000 fine.
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Tags: filing false federal tax return, filing false tax return, tax cheat, tax evasion, underreporting taxable income, underreporting taxes
