Romeo Santos Sues Accounting Firm for $2.3 Million Over Alleged Tax Errors, Mismanagement
Latin music star Romeo Santos is suing his former accounting and business management firm, BDO, alleging professional malpractice and gross negligence that caused him losses of at least $2.3 million. The case centres on claimed tax filing errors, poorly managed funds and unnecessary insurance costs, highlighting the financial risks faced by entertainers with complex multi-state affairs.
Santos alleges that his 2021 tax return incorrectly treated him as a full-year non-resident of New York, prompting an audit despite his part-year residency there. He also claims the firm left substantial cash idle, bought duplicate workers’ compensation cover, retained costly private health insurance despite cheaper SAG-AFTRA eligibility, failed to fund his IRA and made an unauthorised debit after being dismissed. BDO had not responded to Rolling Stone’s request for comment, and Santos is seeking a jury trial.
- Romeo Santos seeks at least $2.3 million from former accountants.
- He alleges tax errors prompted a New York audit.
- The firm is also accused of mismanaging cash and insurance.
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Romeo Santos is an American singer and songwriter best known for bachata, a style of Latin music with roots in the Dominican Republic. He rose to prominence as the lead singer of the group Aventura before building a successful solo career, involving touring, recordings and business activities in several US states.
BDO is an international accountancy and business advisory network. Performers with substantial income often use such firms to prepare tax returns, manage cash and insurance, and handle other financial administration, which can involve different state rules as well as federal requirements.
The dispute concerns whether those services were carried out properly and whether alleged mistakes caused financial losses. Tax residency can affect where income is taxed, while decisions about insurance, savings accounts and the handling of funds can also have significant costs for people with complex professional finances.