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Be Wary of Fraudulent Tax Returns

  It's tax season, and when it comes to filing tax returns, many people worry about completing every form correctly. But according to our next guest, taxpayers now have an even bigger problem to contend with: the increasing possibility that a scam artist may file a fraudulent return in their name. The Internal Revenue Service estimates that it will process $21 billion in phony tax refunds this year.

Mike Switzer interviews Rob Dehollander, a certified financial planner with Dehollander and Janse in Greenville, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.