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

Because of the mistakes, Durant and his company will have to file amended state and federal tax returns and pay back taxes, interest and possible penalties, the lawsuit complains.

Durant also specifically complained in the lawsuit that the accountant failed to make sure that all travel costs deducted as business expenses on corporate tax returns were, in fact, business-related.

The lawsuit states that K. Durant Enterprises paid for all travel arrangements for Durant and company employees “during the relevant time period ... to the tune of more than a million dollars.”

“Although much of this travel was business-related, some of it was personal in nature,” the lawsuit states.

“A reasonably prudent accountant would have ... sought documentation to confirm that each travel expense for which a deduction was recorded was truly business-related.”

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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