PEOPLE reports the pair was indicted in 2014 after failing to properly pay taxes on $8.9 million-worth of income between 2010 and 2012.
The plea agreement, which saw the brothers plead guilty to one felony charge each, avoided the much more serious charges detailed in the their 14-count indictment, currency structuring (continually making deposits under $10,000 to avoid reporting requirements) and conspiracy.
One of the former stars of the "Jersey Shore" reality TV show is expected to plead guilty to cheating on his taxes.
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Michael Sorrentino walked from the courthouse Friday smiling behind his sunglasses and holding hands with his girlfriend. Both also face probation, restitution and monetary penalties.
The Sorrentinos are scheduled to be sentenced April 25 before U.S. District Judge Susan D. Wigenton.
And then, only a year ago they were indicted again on charges of tax evasion and falsifying records. He pleaded guilty to aiding in the preparation of a false and fraudulant tax return.
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While Sorrentino's guilty plea is now known to the public, what isn't known is the exact circumstances behind his guilty plea or even which specific charges he ended up pleading guilty to.
The charges against the Sorrentinos stem from the concealment of cash receipts from businesses the brothers set up to monetize The Situation's fame.
Meanwhile in Miami, Mike's castmates have been busy filming an upcoming reboot series, with Nicole "Snooki" Polizzi, Jenni "JWoww" Farley, Deena Nicole Cortese and Vinny Guadagnino all spotted getting to work on Jersey Shore: Family Reunion.
Ed Sheeran is engaged
News of Ed Sheeran's engagement comes with a sting in the tail - he's now vowed to quit music once he and Cherry become parents. During her time in the States, Cherry impressed her peers with her incredible hockey ability. "Undoubtedly, undoubtedly.