10 Updates
NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant
Photo Credit: Getty Images

NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant

Feb 24 2014, 8:24pm CST | by

Oklahoma City Thunder star forward Kevin Durant dismissed his $600,000 federal lawsuit against his former accountant Joel Lynn Elliott who allegedly deducted some personal expenses as business expenses on Durant's taxes.

Oklahoma City Thunder star forward Kevin Durant has dismissed his lawsuit against his former accountant Joel Lynn Elliott. The Associated Press has more on the development in a Feb. 24 update: "...

Filed under: news

 
 
 

42 weeks ago

NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant

Feb 24 2014, 8:24pm CST | by

NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant Photo Credit: Getty Images

Oklahoma City Thunder star forward Kevin Durant dismissed his $600,000 federal lawsuit against his former accountant Joel Lynn Elliott who allegedly deducted some personal expenses as business expenses on Durant's taxes.

Oklahoma City Thunder star forward Kevin Durant has dismissed his lawsuit against his former accountant Joel Lynn Elliott

The Associated Press has more on the development in a Feb. 24 update

"Oklahoma City Thunder star Kevin Durant has dimissed his $600,000 federal lawsuit against his former accountant. 

"The two-page filing dated Friday says only that Durant and his company -- K. Durant Enterprises LLC -- had agreed to dismiss the lawsuit filed by Durant in December against Joel Lynn Elliott in federal court in San Jose, Calif. The filing does not say whether there is a settlement

"Attorneys for Durant and Elliott did not return phone calls to their offices. 

"The lawsuit alleged that the California-based Elliott deducted some personal expenses as business expenses on Durant's taxes without proper documentation. It alleged professional negligence, breach of fiduciary duty and breach of contract and sought $200,000 for each of the three counts." 

More specifically, a Feb. 18 TMZ report states Elliott classified personal fees to Durant's chef as a business expense. 

Part of the lawsuit states,"Fees paid to a personal chef would not be regarded by a reasonably prudent accountant as qualifying for a business expense deduction." 

Durant maintains this is just one of Elliott's many misplaced transactions which got him in trouble with the IRS. It reached a point when his tax returns dated 2007 to 2011 were so disorganized, he had to tap another firm to straighten everything out, per the TMZ report. 

Durant is a leading MVP candidate in the 2013-14 NBA season, averaging 31.6 points, 7.7 rebounds and 5.5 assists through Feb. 24, according to ESPN stats.

With this, he told Darnell Mayberry of NewsOK.com during NBA All-Star Weekend how his game has evolved over the past two years.  

"I think the game a little bit more. I would say two years ago it started to slow down for me and I started to see the game in a different light as far as being a scorer, being a facilitator, defender. So it slowed down for me in the last three years. 

"And I definitely have to get better to get where I want to be. But my goal is just always learn from my mistakes, stay strong for my team throughout the tough times and adversity and have fun at the end of the day. And everything else I feel is going to take care of itself."

 His Thunder have the NBA's second-best record with a 43-14 (.754) mark as of Feb. 24. 

 

 
Update
10

6 weeks ago

LeBron James' Cavs a Major Work in Progress and Other Takeaways from NBA Tuesday

Nov 5 2014 12:23am CST | Source: Bleacher Report

The worst part isn't that the Cleveland Cavaliers have fallen to 1-2 on their young season. It's not that they came up short against a well-oiled Portland Trail Blazers machine that reached the conference semifinals last season in the ultra-competitive West. The worst thing about Tuesday night's 101-82 loss is that everything seemed to go wrong for an offense that was supposed to be unst ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 
Update
9

6 weeks ago

Raptors still seek personality despite hot start

Nov 4 2014 9:39pm CST | Source: Sportsnet.ca

The Oklahoma Thunder came out for warm-ups at their appointed time, about 20 minutes before Wednesday night’s tip-off against the Toronto Raptors at the Air Canada Centre. Or at least some of them did. You kept waiting for the rest of the team – you know, the one with superstars Kevin Durant and Russell Westbrook on it – to join the line. And then you realized that was it – a very men’s league-looking gaggle of eight guys, missing not only their inj ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
8

6 weeks ago

Raptors still seek personality despite hot start

Nov 4 2014 9:39pm CST | Source: Sportsnet.ca

The Oklahoma Thunder came out for warm-ups at their appointed time, about 20 minutes before Wednesday night’s tip-off against the Toronto Raptors at the Air Canada Centre. Or at least some of them did. You kept waiting for the rest of the team – you know, the one with superstars Kevin Durant and Russell Westbrook on it – to join the line. And then you realized that was it – a very men’s league-looking gaggle of eight guys, missing not only their injured ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
7

6 weeks ago

DeRozan scores 16 as Raptors defeat Thunder

Nov 4 2014 9:17pm CST | Source: Sportsnet.ca

TORONTO — When DeMar DeRozan was asked if there was anything positive to take away from such an ugly win as the Toronto Raptors’ victory over injury-riddled Oklahoma City on Tuesday, he wiped a hand over his exasperated brow. "A win. That’s about it. A win," DeRozan said. Kyle Lowry wasn’t quite so generous. "Naw, I don’t think so," Lowry said. DeRozan scored 16 points, and Lou Williams had nine of his 12 points in ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
6

6 weeks ago

DeRozan scores 16 as Raptors defeat Thunder

Nov 4 2014 9:17pm CST | Source: Sportsnet.ca

TORONTO — DeMar DeRozan scored 16 points, and Lou Williams had nine of his 12 points in the fourth quarter as the Toronto Raptors defeated the injury-riddled Oklahoma City Thunder 100-88 on Tuesday. Patrick Patterson had 14 points and eight rebounds, while Tyler Hansbrough had 12 points, and Greivis Vasquez finished with 10 for Toronto (3-1), which was missing Amir Johnson for the second straight game (sore ankle). Serge Ibaka carried Oklahoma City (1-4), which dressed just eight players and was ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
5

6 weeks ago

DeRozan scores 16 as Raptors defeat Thunder

Nov 4 2014 9:17pm CST | Source: Sportsnet.ca

TORONTO — DeMar DeRozan scored 16 points, and Lou Williams had nine of his 12 points in the fourth quarter as the Toronto Raptors defeated the injury-riddled Oklahoma City Thunder 100-88 on Tuesday. Patrick Patterson had 14 points and eight rebounds, while Tyler Hansbrough had 12 points, and Greivis Vasquez finished with 10 for Toronto (3-1), which was missing Amir Johnson for the second straight game (sore ankle). Serge Ibaka carrie ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
4

6 weeks ago

DeRozan scores 16 as Raptors defeat Thunder

Nov 4 2014 9:17pm CST | Source: Sportsnet.ca

TORONTO — When DeMar DeRozan was asked if there was anything positive to take away from such an ugly win as the Toronto Raptors’ victory over injury-riddled Oklahoma City on Tuesday, he wiped a hand over his exasperated brow. "A win. That’s about it. A win," DeRozan said. Kyle Lowry wasn’t quite so generous. "Naw, I don’t think so," Lowry said. DeRozan scored 16 points, and Lou Williams had nine of his 12 points in the fourth qu ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
3

6 weeks ago

DeRozan scores 16 as Raptors defeat Thunder

Nov 4 2014 9:17pm CST | Source: Sportsnet.ca

TORONTO — DeMar DeRozan scored 16 points, and Lou Williams had nine of his 12 points in the fourth quarter as the Toronto Raptors defeated the injury-riddled Oklahoma City Thunder 100-88 on Tuesday. Patrick Patterson had 14 points and eight rebounds, while Tyler Hansbrough had 12 points, and Greivis Vasquez finished with 10 for Toronto (3-1), which was missing Amir Johnson for the second straight game (sore ankle). Serge Ibaka carrie ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
2

6 weeks ago

Perry Jones Gets Injured, Further Proves Thunder Are Cursed

Nov 4 2014 8:43pm CST | Source: Deadspin

Injuries are normal in basketball, and every year there's at least one team that draws the short end of the stick and gets hit with a wave. But what the Thunder are going through right now is something else, their playoff chances in the ultra competitive West diminishing every single day. Already facing a month without Kevin Durant or Russell Westbrook, KD-replacement Perry Jones left tonight's game ...
Source: Deadspin   Full article at: Deadspin
 

 
Update
1

6 weeks ago

Thunder's Perry Jones out with right knee injury

Nov 4 2014 8:29pm CST | Source: SBNation

The injury issues for the Thunder continue with Perry Jones now sidelined. Oklahoma City Thunder small forward Perry Jones suffered a right knee contusion on Tuesday, according to Royce Young of ESPN.com. Jones appeared to bang knees with Toronto's Patrick Patterson and headed back to the locker room. He was ruled out for the rest of the game not long after. The injury is the latest in a long string of ailments for the Thunder who were already playing without Kev ...
Source: SBNation   Full article at: SBNation
 

 
 


Poch de la Rosa follows all major U.S. sports: NFL, MLB, NBA, NHL and the NCAA. His favorite teams are the Colts, Braves, Pacers, Sharks and Irish, respectively.

 

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