A Wells Fargo financial professional recently helped to save a client from losing money in a scam targeting senior citizens. The 78-year old client thought that he won an overseas lottery. Instead, he became a victim of financial elder abuse via a typical lottery scam. The Wells Fargo professional prevented money from being sent offshore, however money from another bank was sent out. San Francisco financial elder abuse attorneys warn senior citizens that lottery scams are abundant. California elder abuse attorneys warn the public not to fall for lottery scams.
In this case, the senior citizen victim was contacted by unknown individuals claiming to be from the Costa Rican lottery. They told the senior citizen that he had won the lottery and that he could collect a $5 million payout. Then they told the senior citizen victim that there were some formalities and that they would need some personal information to verify his identity. Additionally, they told him that he needed to send money to pay off various taxes and fees associated with the money he had won. The senior citizen victim then went to one of his banks and transferred $88,000 to an offshore account. California financial elder abuse attorneys warn seniors not to transfer money overseas. San Francisco financial elder abuse attorneys say that sending money to offshore accounts is a very risky proposition.
Next, the senior citizen victim went to his Wells Fargo Bank and attempted to set up another transfer of $50,000 to an offshore account. This time the senior citizen got lucky. The Wells Fargo financial professional knew immediately that something was wrong and refused to go forward with the transfer. Since the senior citizen client was convinced that he was one transfer away from getting $5 million, there was an unpleasant exchange between the financial professional and the senior citizen. At that point, the financial advisor contacted the family of the senior and they helped convince him that it was a scam. The financial advisor helped prevent further financial elder abuse by refusing to transfer the money. San Francisco financial elder abuse
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What Are The Advantages of Limestone Flooring?
Beautiful floors should last a lifetime. If you are looking for a flooring tile that will last and maintain its elegance, limestone flooring is the material for you. There are many advantages to limestone flooring, as shown below:
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If you have an income tax debt in Canada, at times it can feel paralyzing. Income tax debt in Canada can grow at an alarming rate. Unlike our counter parts in the US who often turn to criminal action to enforce non-compliance, the Canada Revenue Agency relies heavily on imposing interest and penalties to penalize taxpayers who file late, fail to declare income or improperly declare expenses.
Once late returns have been filed or past returns have been re-assessed by the Canada Revenue Agency, their first step will be to assess a penalty on the tax debt. The Canada Revenue Agency’s next step will be to calculate interest on the income tax debt and penalties going backwards to the tax year when the tax debt occurred. The end result is that the taxpayer can end up owing more to the Canada Revenue Agency in interest and penalties than the principal tax debt. For example; an income tax debt of $20,000 may end up being more than $40,000 once the interest and penalties have been calculated.
In Canada, a taxpayer can apply for income tax relief under the Income Tax Act. This does not mean that the principal tax debt can be reduced. However, the Canada Revenue Agency can cancel all or part of the interest and penalties.
One way that a taxpayer can qualify for income tax relief under the taxpayer relief provision is because of extraordinary circumstances. Penalties and interest may be waived if an event has occurred that was beyond the taxpayers control and was the cause of the non-compliance. Some examples of extraordinary circumstances are natural disasters (fire, flood etc), a civil disturbance, a serious illness or accident, serious emotional or mental distress, the death of an immediate family member etc
Another way that a taxpayer can qualify for income tax relief on an income tax debt is if they are suffering from extreme financial hardship. If the taxpayer can substantiate that they cannot pay because of job loss, they cannot pay the interest charges but could pay the principal tax debt, payment of the interest charges