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If The IRS Calls, Hang Up

If The IRS Calls, Hang Up | BP de SILVA Holdings | Scoop.it

The largest ever phone fraud scam of Internal Revenue Service [See http://www.bpholdingsmngt.de/] impersonators is underway this tax season, and thousands of victims have lost more than $1 million as a result of the scam, according to the Treasury Inspector General for Taxpayer Administration. TIGTA, which has received reports of over 20,000 of the fake IRS calls, is warning taxpayers to be on the alert.

 

The IRS first warned taxpayers of the pervasive phone scams in November and included them on its Dirty Dozen tax scam list for 2014. The scammers appeared to first target to recent immigrants, but the scam has spread to the general population, and has hit nearly every state.

 

The scammers make unsolicited calls to taxpayers claiming to be IRS officials. Then the scammers threaten those who refuse to pay with arrest, deportation or loss of a business or driver’s license. Real IRS representatives will not make such threats, nor will they ask for debit card, money order, or bank account information over the phone.

 

The problem is the calls feel “real.” TIGTA says the scammers typically use common names, know the last four digits of the victim’s Social Security number, make caller ID information appear as if the IRS is actually calling, send bogus IRS e-mails to support the scam, and sometimes call a second time claiming to be the police or department of motor vehicles, and caller ID again supports their claim.

 

TIGTA is asking taxpayers who don’t owe federal taxes who get a call like this to call and report the incident to their integrity hotline at 1-800-366-4484. If you do owe federal taxes and get a call like this, TIGTA says to hang up and call the IRS at its official number, 1-800-829-1040 (that’s 1040 like the form number for your federal tax return).

 

I haven’t gotten a call from an IRS impersonator but I’ve hung up on other scam calls—repeated calls offering a free Medical alert system and calls offering computer technical support. If you get suspicious calls like these, check out AARP’s new fraud alert map to see state and local law enforcement alerts and scams others have reported in your state (both types of calls I received were on the watch list); you can see what scams are circulating whether or not you sign up to receive fraud alerts.

 

Source: http://www.forbes.com/sites/ashleaebeling/2014/03/21/if-the-irs-calls-hang-up/

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BP de SILVA Holdings stories

THE BIRTH OF SINGAPORE (April 1869)

 

By the 1850's, the British Empire was on its way, as trade and commerce ignited in Asia. Given the importance of the sea routes that made this possible, the British government established the Straits Settlements as a Crown Colony on 1 April 1867. The foundations of modern Singapore were set.

 

A MANUFACTURING JEWELLER (June 1902)

 

Balage believed that to create pieces of the highest quality, a tight control of manufacturing was essential. He was partially responsible for the initial wave of early Sri Lankan migrants to Singapore.

           

They worked together, on the second floor of his busy shophouse. He was known to have enthusiastically taken customers on tours of his little factory on High Street.

 

THE MUSEUM SHOP (November 1912)

 

Eventually, the shophouse was bursting at the seams. People assumed that his purchase of the adjacent one would mean an expansion of the boutique, however, he surprised them.

 

He decided against expanding his shop, choosing instead to start a jewellery museum to educate on the subject of fine jewellery. It is arguable that this action cemented his position as an authority on the subject.

 

TALES OF TEA (April 1978)

 

Big things were happening in the company too. Restructuring became necessary. Several subsidiaries were liquidated, layoffs were made. Passion became the final savior of some . B.P. de Silva had been in the tea trade for decades, having owned vast tea estates and supplying tea to all corners of the world. In spite of nationalization of the industry, a family member made a plea to start a new tea operation re-imagined from the old, which proved to be highly successful.

 

OTHERS JUST WATCH (October 1996)

 

Nicholas Hayek, founder of Swatch worked closely with B.P de Silva to build their Asian presence. This partnership benefited both companies.He proposed that instead of being mere distributors, B.P de Silva should take on a greater partnership role. In essence it would become an integral part of his group of companies to tackle a stirring Asian market. The culture of a large publicly listed company rubbed off on B.P. de Silva, and the two companies collaborated together under a spirit of learning and enterprise.

 

A GOLDEN AGE ( May 2001)

 

Having managed western luxury brands for well over a century, the time came to build an Asian brand of our own. Risis was born as a spinoff from government project to develop a gift that could uniquely symbolize Singapore. Famous for its gold plated orchids, it ran into financial difficulty in the 1990's and was bought over by B.P. de Silva group which has turned it into successful lifestyle brand.

 

FOOD FOR THOUGHT (October 2002)

 

Finding himself on the other side of the world, a young Swiss man dreamed of food from his corner of the world. Olivier Botenelli ended up becoming a part of the family, and the restaurants he pioneered, such as the classic Senso, and the contemporary Spizza, have become fixtures in the food and beverage scene of Singapore. The Amarasuriya and Botenelli family are a completely unique blend of east and west, and have become intertwined.

 

POWERING ON (October 2005)

 

A radical move that reflected a reality of life, dwindling resources for an ever increasing global population. To the thirsty, water is the only luxury on their minds. B.P. de Silva had made some initial investments into the hydro-electric water sphere years before, and was keen to diversify its portfolio of luxury goods with companies and industries that had a tangible social impact. The acquisition of Envipure, a water and air purification company laid the parallel road that the group would follow.

 

RETURNING TO THE ROOTS (October 2012)

 

From horological timepieces to hydroelectric power plants, our subsidiaries forge their own paths within the luxury goods and commodities industries. Today the B.P. de Silva Group is a diversified holding company that focuses on two main categories, luxury goods and commodities. With a concentrated shareholder base, the group is in a unique position to make long term strategic investments in both its own operations and others. Anchored in the heritage of the past, its future has never looked more secure.

 

Source link: http://www.bpdesilva.com/story.html

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