Tax Docket

Method Man plead guilty to tax evasion charges Monday. The Hip Hip artist  was arrested on August 9 for failure to pay state and personal income taxes. According to reports, he wrote a $40,000 restitution check on the spot after owning approximately $106,000 in taxes.

The Associated Press, Method Man Pleads Guilty to NYC- Tax Evasion Charge

ABC News, Method Man Pleads Guilty to Tax Evasion

Fox News, Method Man Pleads Guilty to Tax Evasion Charge

New York Daily News, Wu-Tang rapper Method Man Pleads Guilty to Attempted Tax Evasion, Pays $106K in Restitution

According to the New York Daily News, Helmer Toro, founder of H & H Bagels, plead guilty of second degree larceny today for pocketing $369,000 in payroll taxes:

The bagel big admitted he withheld $337,000 from his workers’ paychecks between 2003 and 2009, and simply kept the money.

Toro also admitted taking the remainder of the money by registering some 89 payroll names under a succession of new shell companies so that he could pay their unemployment insurance taxes under the lowest rate, reserved for brand new businesses.

As part of the restitution deal, he has pledged as collateral the $500,000 mortgage on his main bakery plant at 45th Street and 12th Avenue — where he has boasted of making 80,000 bagels a day.