Romeo Santos Sues Accounting Firm for $2.3 Million Over Alleged Tax Errors, Mismanagement

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.”

“BDO thus erred in both directions at once: omitting the New York income the law required and asserting New York income the facts did not support,” the lawsuit obtained by Rolling Stone reads. He claims the firm also purchased a duplicate workers’ compensation insurance policy for him that wasn’t necessary and kept him on an expensive private health insurance policy even though he was eligible for superior SAG-AFTRA health coverage at a lower price.

He claims the firm also failed to fund his IRA and debited funds from a Santos account without authorization following its termination.