11 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

YouTube Videos

 
 
 

34 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
11

3 hours ago

Hooping It Up

Oct 23 2014 6:26am CDT | Source: uni watch

Phil here — Paul’s definitely enjoying his Wisconsin vacation — but his eagerly-awaited NBA Season Preview is now Live On ESPN. As the title of the column suggests, there are LOTS of new looks — so go check that out, then come on back here and we’ll discuss. OK? OK. NFL Superhero Project By Thomas Correia With the Chargers facing the Broncos in tonight’s Thursday-night NFL game, the two heroes ch ...
Source: uni watch   Full article at: uni watch
 

 
Update
10

20 hours ago

NBA GMs: Spurs to Repeat and LeBron James to Win MVP

Oct 22 2014 1:40pm CDT | Source: slamonline

The annual survey of the L’s general managers is out, and their opinions answers seem to fall in line with the wider public’s thinking. The San Antonio Spurs are heavily favored to repeat as NBA champs (by winning a Finals matchup with the Cleveland Cavaliers), LeBron James is expected to take home his fifth MVP award, and Jabari Parker remains the leading candidate for Rookie of the Year. Per NBA.com: Which team will wi ...
Source: slamonline   Full article at: slamonline
 

 
Update
9

22 hours ago

Enough NBA owners finally came to their senses about lottery reform

Oct 22 2014 11:51am CDT | Source: SBNation

The league office tried to punish the 76ers for blatant tanking, but the potential unintended consequences of the proposed reform scared off enough owners to veto the changes. It takes a lot of gall to bait the NBA into changing its draft lottery system less than a week before the season officially tips off, but the Philadelphia 76ers have been just that shameless in their rebuilding effort ...
Source: SBNation   Full article at: SBNation
 

 
Update
8

23 hours ago

Biggest Takeaways from NBA's General Manager Survey for 2014-15 Season

Oct 22 2014 10:34am CDT | Source: Bleacher Report

The defending NBA champion San Antonio Spurs are finally going to capture the elusive repeat, at least according to the league's general managers. It's one of several key predictions made by the group ahead of the 2014-15 season.     John Schuhmann of NBA.com passed along the results of the annual survey. Other notable results include the Cleveland Cavaliers emerging as the top choice in the Eastern Conference following the return of LeBron James, and Kevin Durant relinquishi ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 
Update
7

23 hours ago

Why Nikola Vucevic's Contract Extension Is a Bargain for Orlando Magic

Oct 22 2014 10:28am CDT | Source: Bleacher Report

The Orlando Magic just locked up a rising 7-footer who has been consistently productive to date and has substantial room to grow going forward. Normally, that process involves smashing piggy banks and digging through couch cushions to make the contract offer as rich as possible. The Magic, relatively speaking, actually managed to secure Nikola Vucevic at a bargain rate. News of the extension broke courtesy of the Orlando Sentinel's Josh R ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 
Update
5

1 day ago

Fantasy Basketball 2014: Top 10 Rankings and Sleepers at Each Position

Oct 22 2014 10:00am CDT | Source: Bleacher Report

If you want to win in fantasy basketball, you'd better draft well, because there are fewer opportunities to make up for mistakes compared to other sports. Unlike the NFL, where running backs and receivers come out of nowhere to have big seasons, the top players in the NBA are pretty well known. There are certainly sleepers available, but you have to look out for them early on before they get set to break out. In order to help you before your draft, here is ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 
Update
4

1 day ago

GMs Predict Spurs' Title, LeBron For MVP, Jabari For ROY

Oct 22 2014 9:36am CDT | Source: RealGM Basketball Wiretap

The NBA has released its annual survery of general managers with the San Antonio Spurs receiving 46.2 percent of the votes for which team will win the 2015 Finals. The Cleveland Cavaliers came in second with 15.4 percent, followed by the Chicago Bulls, Los Angeles Clippers and Oklahoma City tied for third at 11.5 percent. The Golden State Warriors received 3.8 percent of the vote. LeBron James is the expected win ...
Source: RealGM Basketball Wiretap   Full article at: RealGM Basketball Wiretap
 

 
Update
3

1 day ago

Kevin Durant adds Neff to endorsement portfolio

Oct 22 2014 4:34am CDT | Source: Sports Pro Media

NBA MVP Kevin Durant has signed an endorsement deal with sports accessory brand Nef ...
Source: Sports Pro Media   Full article at: Sports Pro Media
 

 
Update
2

1 day ago

Aldridge, Trail Blazers cruise past Nuggets

Oct 21 2014 10:47pm CDT | Source: Sportsnet.ca

BOULDER, Colo. — LaMarcus Aldridge scored 20 points and had 11 rebounds in Portland’s 93-75 win over Denver in an exhibition game Tuesday. Damian Lillard had 18 points on 6-of-13 shooting to go with six assists for the Blazers at the Coors Event Center. Wesley Matthews went 4 for 7 from beyond the arc for 17 points for Portland, which won its third straight game. While Wilson Chandler had a team-high 13 points and Darrell Arthur added 10 points, the Nuggets shot j ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
1

1 day ago

Aldridge, Trail Blazers cruise past Nuggets

Oct 21 2014 10:47pm CDT | Source: Sportsnet.ca

BOULDER, Colo. — LaMarcus Aldridge scored 20 points and had 11 rebounds in Portland’s 93-75 win over Denver in an exhibition game Tuesday. Damian Lillard had 18 points on 6-of-13 shooting to go with six assists for the Blazers at the Coors Event Center. Wesley Matthews went 4 for 7 from beyond the arc for 17 points for Portland, which won its third straight game. While Wilson Chandler had a team-high 13 points and Darrell Arthur added 10 points, the Nuggets shot just 33 per cent from th ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 

Don't miss ...

 


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.

 

blog comments powered by Disqus

Latest stories

Billiards - Advani, Kothari enter semis
Leeds, Oct 23 (IANS) Pankaj Advani and Sourav Kothari entered the final of the World Billiards championship (150-up points format) with 4-0 victories over Alok Kumar and England's Ian Williamson, respectively, here Thursday.
 
 
Ecclestone steps in to solve Caterham dispute
London, Oct 23 (IANS) Formula One boss Bernie Ecclestone has decided to resolve the issue that is threatening the future of Caterham's participation in next week's US Grand Prix.
 
 
Ronaldo unhappy about Classico schedule
Madrid, Oct 23 (IANS) Cristiano Ronaldo opened the scoring for Real Madrid in their 3-1 win away to Liverpool in Anfield Wednesday night and in doing so threw down the gauntlet to FC Barcelona ahead of Saturday's clash between Madrid and Barca in the Santiago Bernabeu stadium.
 
 
Golfer Lahiri leads Venetican Macau Open
Macau, Oct 23 (IANS) Indian star golfer Anirban Lahiri fired a 10-under 61 to lead after the first round of the Venetican Macau Open at the par-71 Macau Golf and Country Club here Thursday.
 
 
 

Latest from the Network

Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday. The patient had...
Read more on Business Balla
 
Two people die in Pakistan bomb blast
Islamabad, Oct 23 (IANS) At least two people were killed and 12 others injured in an explosion that took place in Pakistan's Balochistan province Thursday, media reported. The bomb was planted on a motorcycle, Dawn...
Read more on Politics Balla
 
Trott extends contract with Warwickshire till 2017
London, Oct 23 (IANS) England batsman Jonathan Trott, whose mental issues led to his abrupt departure from last winter's Ashes tour, has confirmed his successful comeback to competitive cricket by signing a new three-...
Read more on Sport Balla
 
Srikanth, Kashyap big movers in BWF rankings
Kuala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest Badminton World Federation (BWF) rankings released Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Alvin Stardust dead
London, Oct 23 (IANS) English singer Alvin Stardust died after a short illness. He was 72. Stardust's manager confirmed the news about his demise Thursday, reports mirror.co.uk. He was recently diagnosed with...
Read more on Celebrity Balla
 
Indian man reunited with family after 40 years
Dubai, Oct 23 (IANS) An Indian man, who had disappeared from his hometown in Kerala nearly 40 years ago, has been found by his family at a hospital in Dubai in the UAE, a newspaper report said. Now in his 60s, Abdulla...
Read more on Politics Balla
 
Srikanth, Kashyap, Saina rise in world rankings
Kala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest released Badminton World Federation (BWF) rankings Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Flintoff signs for Big Bash side Brisbane Heat
Brisbane, Oct 23 (IANS) Former England captain and all-rounder Andrew Flintoff, who retired from international cricket in 2009, Wednesday confirmed that he will play for Brisbane Heat in the Big Bash League (BBL) this...
Read more on Sport Balla
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Lopez to sign multi-million dollar deal?
Los Angeles, Oct 23 (IANS) Singer-actress Jennifer Lopez is reportedly in the final stages of securing a multi-million dollar deal to perform in Las Vegas. The 45-year-old is being offered $350,000 per show at The...
Read more on Celebrity Balla