Is your tax preparer actually prepared?
Video duration: 8:52
Each year about 42 million tax returns are prepared by tax professionals who are unaccredited and unregulated by the IRS. After a plan to regulate them was struck down by a federal court last year, there's more regulation on hairdressers in most of the country. Critics say this leaves low-income taxpayers particularly vulnerable. But does licensing tax preparers mean tax preparation will improve?