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Durant suing former accountant over tax troubles

Published on NewsOK Modified: February 20, 2014 at 1:47 pm •  Published: February 20, 2014
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OKLAHOMA CITY (AP) — Thunder forward Kevin Durant is suing his former accountant for $600,000 over what the star NBA star says are mistakes on his taxes.

Attorneys for Durant said in the lawsuit filed last month that California-based accountant Joel Lynn Elliott deducted some personal expenses as business expenses on Durant's taxes without proper documentation.

Durant hired Elliott to do his taxes based on his then-agent's advice, the lawsuit said, and Elliott prepared Durant's personal taxes and taxes for his company, K. Durant Enterprises, from 2007 to 2011.

In one instance, K. Durant Enterprises paid for travel for Durant and other employees totaling more than $1 million. Some of that travel, however, was for personal reasons, but it was deducted as a business expense, the lawsuit said.

"In preparing a client's tax returns, a reasonable prudent accountant would have conducted a basic inquiry and sought documentation to confirm that each travel expensed for which a deduction was recorded was truly business related," the lawsuit said.

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