Courts
The Latin superstar claims the firm filed “incoherent” tax documents, missed deadlines, and failed to invest his money or fund his retirement account
Grammy-nominated Latin music superstar Romeo Santos is suing his accounting and business management firm, claiming more than $2 million in losses.
In a lawsuit filed in Miami federal court, Santos alleges the firm Morrison Brown Argiz & Farra LLP, now known as BDO, failed to file his complex, multi-state tax returns correctly and let his large cash balance sit idle in his checking account, “earning nothing.”
In his complaint alleging malpractice and gross negligence, he says the firm erroneously reported him as a full-year non-resident of New York on his 2021 tax return, triggering an audit. He claims the return filed on his behalf was not “merely aggressive; it was incoherent,” disregarding his part-year residency in New York, but apportioning a quarter of his W-2 income that year to the state, “a figure supported by no work papers and no analysis.”
