Kevin Durant sues accountant over tax troubles

Oklahoma City Thunder star Kevin Durant is seeking monetary damages from a California accountant on counts of professional negligence, breach of fiduciary duty and breach of contract. He is asking for at least $200,000 on each count.
by Nolan Clay Published: February 18, 2014
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Oklahoma City Thunder star forward Kevin Durant is having tax troubles, and he blames his former accountant.

In a federal lawsuit, Durant complains the accountant made a number of mistakes on his company’s tax returns, such as deducting the cost of his personal chef as a business expense.

“Fees paid to a personal chef would not be regarded by a reasonably prudent accountant as qualifying for a business expense deduction,” Durant’s attorneys stated in the lawsuit.

Durant sued California accountant Joel Lynn Elliott in December on counts of professional negligence, breach of fiduciary duty and breach of contract. He is asking for at least $200,000 on each count.

The lawsuit is pending in federal court in San Jose, Calif. Elliott’s attorneys have until March 13 to file a response.

They did not return phone calls for comment Tuesday.

Durant has his own company — K. Durant Enterprises LLC.

Durant hired Elliott in 2007 or 2008 at the recommendation of his then-agent, Aaron Goodwin, according to the lawsuit. Elliott prepared Durant’s personal income tax returns and K. Durant Enterprises’ corporate tax returns for tax years 2007 through 2011, according to the lawsuit.

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by Nolan Clay
Sr. Reporter
Nolan Clay was born in Oklahoma and has worked as a reporter for The Oklahoman since 1985. He covered the Oklahoma City bombing trials and witnessed bomber Tim McVeigh's execution. His investigative reports have brought down public officials,...
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