Surprisingly, more than 50% of taxpayers are not aware of the educational and professional credentials of their accountants. According to our senior tax accountant, Katie Hsu, most taxpayers only bother to investigate when they are audited. By that time, the IRS or a state taxing agency would have already assessed interest and penalties. The cost to rectify this mistake can amount to thousands of dollars. Before you employ any accountant to do your taxes be sure to verify their education, licensing, and tax accounting experience. This will help to eliminate the headaches that come with wasted time and money. Not every accountant is a CPA, and not every CPA knows taxation. Considering this, who is qualified as a paid tax preparer acting as your accountant in California?