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Accounting and Accountability

Jun 16, 2023

In this episode:

  • Top reasons to avoid paper filing a return (and avoid the backlogs at the IRS).
  • The State of Delaware has issued more erroneous notices.
  • A look into 1031: Like Kind Exchanges.

We also hear the story of Rudy Kurniawan, the notorious wine counterfeiter, who captivated the wine world with his elaborate scam. He lived a luxurious life, charming collectors with his extensive wine knowledge. Using blending techniques and counterfeit labels, he sold fake wines at high-profile auctions, fooling even experts. His downfall came when suspicions arose, leading to his arrest in 2012. Kurniawan's case exposed the need for stricter authentication measures and damaged the reputation of auction houses.