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:  "...

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33 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 days ago

Thunder beat Grizz in first game without Durant

Oct 14 2014 9:47pm CDT | Source: Sportsnet.ca

OKLAHOMA CITY – Russell Westbrook had 14 points and 12 assists, and the Oklahoma City Thunder beat the Memphis Grizzlies 117-107 on Tuesday night in their first preseason game since learning that reigning MVP Kevin Durant would miss significant time with a fracture in his right foot. Typical recovery time for Durant’s injury is six to eight weeks, which would dip well into the regular season. He was with the team for the exhibition, ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
10

3 days ago

Thunder beat Grizz in first game without Durant

Oct 14 2014 9:47pm CDT | Source: Sportsnet.ca

OKLAHOMA CITY – Russell Westbrook had 14 points and 12 assists, and the Oklahoma City Thunder beat the Memphis Grizzlies 117-107 on Tuesday night in their first preseason game since learning that reigning MVP Kevin Durant would miss significant time with a fracture in his right foot. Typical recovery time for Durant’s injury is six to eight weeks, which would dip well into the regular season. He was with the team for the exhibiti ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
9

3 days ago

Thunder beat Grizz in first game without Durant

Oct 14 2014 9:47pm CDT | Source: Sportsnet.ca

OKLAHOMA CITY – Russell Westbrook had 14 points and 12 assists, and the Oklahoma City Thunder beat the Memphis Grizzlies 117-107 on Tuesday night in their first preseason game since learning that reigning MVP Kevin Durant would miss significant time with a fracture in his right foot. Typical recovery time for Durant’s injury is six to eight weeks, which would dip well into the regular season. He was with the team for the ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
8

3 days ago

Thunder beat Grizz in first game without Durant

Oct 14 2014 9:47pm CDT | Source: Sportsnet.ca

OKLAHOMA CITY – As Russell Westbrook sat out for two months while recovering from knee surgery last season, he watched Kevin Durant emerge as a leader. Westbrook said two things stood out most about the way Durant picked up the slack for him — the stream of victories and the way Durant showed confidence in his teammates who also had to take on more significant roles. In Oklahoma City’s first preseason action since learning that Durant would be out with a Jones fracture in his r ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
7

3 days ago

Thunder beat Grizz in first game without Durant

Oct 14 2014 9:47pm CDT | Source: Sportsnet.ca

OKLAHOMA CITY – Russell Westbrook had 14 points and 12 assists, and the Oklahoma City Thunder beat the Memphis Grizzlies 117-107 on Tuesday night in their first preseason game since learning that reigning MVP Kevin Durant would miss significant time with a fracture in his right foot. Typical recovery time for Durant’s injury is six to eight weeks, which would dip well into the regular season. He was with the team f ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
5

3 days ago

Thunder Top Grizzlies Without Durant

Oct 14 2014 9:38pm CDT | Source: New York Times: Sports

Russell Westbrook had 14 points and 12 assists, and Oklahoma City won its first preseason game since learning that Kevin Durant would miss significant time with a fracture in h ...
Source: New York Times: Sports   Full article at: New York Times: Sports
 

 
Update
4

3 days ago

Are We Prematurely Crowning Giannis Antetokounmpo as NBA's Next Great Player?

Oct 14 2014 12:28pm CDT | Source: Bleacher Report

Optimistic outlooks often create premature NBA phenomenons, inflating immediate performances with trendy expectations belying experience and merit, manufacturing greatness that simultaneously idealizes and compromises budding promise. Has highly touted Milwaukee Bucks sophomore Giannis Antetokounmpo reached such a point, sporting a forcibly fabricated crown that doesn't fit?   Optimistic Analysis Arguments ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 
Update
2

3 days ago

Tom Thibodeau is reluctantly resting his star players

Oct 14 2014 10:57am CDT | Source: SBNation

The Bulls' coach is not extending Derrick Rose and Joakim Noah heavily during the preseason, but he doesn't seem too happy about it. Chicago Bulls stars Derrick Rose and Joakim Noah have played limited minutes this preseason as they work their way back from injuries, but head coach Tom Thibodeau doesn't seem too thrilled about it, according to Nick Friedell of ESPN Chicago. When discuss ...
Source: SBNation   Full article at: SBNation
 

 
Update
1

3 days ago

The Thunder will have a harder time losing Kevin Durant than the Bulls did after Derrick Rose’s injury

Oct 14 2014 10:03am CDT | Source: Washington Post Sports

The Chicago Bulls know what Oklahoma City is going through. The Thunder learned it will be without the services of injured Kevin Durant for at least six to eight weeks. The Bulls have had to overcome the loss of a superstar more than once, losing Derrick Rose to injury during two seasons. But they still managed to make the playoffs, and even won 50 games in 2011-12 when Rose was limited to 39 games during the regula ...
Source: Washington Post Sports   Full article at: Washington Post Sports
 

 

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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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