Selph and Friday CPAs

Selph and Friday CPAs Solving your tax problems since 1986. Selph and Friday CPA is a full-service Accounting firm licensed in TX. All our CPA's hold valid TX CPA certificates.

We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet. Our friendly, knowledgeable tax professionals are experts at what they do and are here to help you resolve all of your tax problems. We understand how the IRS works and what it takes to successfull

y mediate a solution on your behalf whether it's filing a past due return, minimizing back tax debt and any penalties or fines, or submitting an offer in compromise. If you owe the IRS money and are wondering what your options are, contact us today.

In the event of divorce, part or all of a married couple’s business will often be considered divisible marital property....
07/16/2026

In the event of divorce, part or all of a married couple’s business will often be considered divisible marital property. If you’re in this situation, you likely can divide your business ownership interests without triggering federal income or gift taxes. The spouse receiving the interests assumes the existing tax basis (to determine future gain or loss) and holding period. Tax-free treatment generally applies to transfers made before, during or up to a year after the divorce. Transfer recipients will owe taxes on any gain if they later sell the ownership interests. Call us at (903) 792-0281 for more information on the tax implications of divorce.

Accurate bookkeeping and timely accounting records provide the foundation for informed decisions throughout the year. Wh...
07/15/2026

Accurate bookkeeping and timely accounting records provide the foundation for informed decisions throughout the year. When your books are current and reliable, it’s easier to manage cash flow, identify operational issues and jump on growth opportunities. Contact us at (903) 792-0281 for help streamlining your financial reporting processes and reducing year-end surprises.

07/14/2026

We make it easy to deal with your IRS problems.

After nearly 40 years of helping taxpayers with IRS or state tax problems we know it is not easy for you to come forward and face this. Nobody likes to admit they are in the position they find themselves in. We will approach these issues in the following ways.

We will meet with you and discuss your situation.

We will contact the IRS or state taxing authority for you. You don't need to talk to them. We know what to ask them and you don't. One of my customers that I resolved his tax issues told me "you know how to talk to them".

We will get the IRS transcripts and determine the issues.

We will offer a course of action that we recommend and give you details on what is likely to happen. The uncertainty of a tax issue is often much worse than actually fixing it.

If we represent you, we talk to the IRS agents you don't have to.

We won't judge you or your situation. Our focus will be on fixing the issues.

We will return your phone calls. You will get mail from the IRS. It's hard to understand. We will take your call or call you back with an explanation. As your power of attorney, we get a copy of your IRS notices you receive.

We will furnish you a fixed fee to represent you in this matter. There is no charge to meet with you and determine the facts. We can't determine the cost without knowing what you need done and the complexity of the issues. You decide if you would like to hire us.

We will proactively represent you in your tax issues. We are respectful of IRS agents, but we don't represent you in fear of them.

We have decades of experience representing taxpayers with tax problems. If you would like someone to work on your tax issues just call us 903-792-0281.

Robby

College student-athletes can now be legally paid for the use of their “name, image and likeness” (NIL) without risking N...
07/14/2026

College student-athletes can now be legally paid for the use of their “name, image and likeness” (NIL) without risking NCAA eligibility. But if you support an athlete through NIL contributions, know that payments made directly to student-athletes aren’t tax-deductible. Contributions to organizations commonly called “collectives” may be deductible, but be sure to clear three key hurdles: 1) Itemize deductions on your return, 2) give only to a collective that’s a tax-exempt charity, and 3) don’t earmark payments for specific athletes or make them in exchange for substantial benefits, such as season tickets. Contact us at (903) 792-0281 to learn more.

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts...
07/13/2026

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts you own and your other income sources. In general, retirees should withdraw funds from any taxable accounts first, tax-deferred accounts second and tax-free accounts last. But different withdrawal strategies may benefit you. The important thing is to start planning before you retire. Call us at (903) 792-0281 for help.

The IRS has expanded its Business Tax Account (BTA), making the self-service platform available to partnerships; tax-exe...
07/09/2026

The IRS has expanded its Business Tax Account (BTA), making the self-service platform available to partnerships; tax-exempt organizations; federal, state and local governments; and Indian tribal governments. The BTA is a centralized platform that allows eligible users to manage their federal tax responsibilities online. Among other things, BTA users can view tax balances, make payments and see payment history, access eligible payroll and income transcripts, if eligible, and download select digital notices. The newly eligible entities join sole proprietors, S corporations and C corporations that are already able to access the platform. Call us at (903) 792-0281 to discuss your business’s tax obligations.

Tax planning requires more than preparing returns at filing time. We work with individuals and businesses throughout the...
07/08/2026

Tax planning requires more than preparing returns at filing time. We work with individuals and businesses throughout the year to identify tax-saving opportunities, address compliance requirements and respond to changing tax laws. Call us at (903) 792-0281 to schedule an appointment to discuss your tax needs.

Does your child have a paid internship? Don’t let him or her forget about taxes. Many interns are surprised to learn tha...
07/07/2026

Does your child have a paid internship? Don’t let him or her forget about taxes. Many interns are surprised to learn that internship stipends or other related payments are generally taxable, even if the program offers training or educational opportunities. Depending on the arrangement, payments may be reported on Form W‑2 or Form 1099. Even if no tax form is issued to your child, the income may still be taxable. If taxes aren’t withheld from internship pay, estimated tax payments might be necessary to avoid surprises when it’s time to file a tax return. If you have questions, we can help. Contact us at (903) 792-0281.

If your estate might exceed the federal estate tax exemption ($15 million for 2026), you’re probably concerned about fut...
07/06/2026

If your estate might exceed the federal estate tax exemption ($15 million for 2026), you’re probably concerned about future estate tax liability. A spousal lifetime access trust (SLAT) may help. A SLAT can allow you to remove wealth from your estate tax-free while providing a safety net if your needs change in the future. Essentially, a SLAT is an irrevocable trust you establish for the benefit of your spouse plus your children or other relatives. Your spouse is granted limited access to the trust’s funds during his or her lifetime, giving you indirect access. Call us at (903) 792-0281 to discuss whether a SLAT makes sense for you.

07/02/2026

Who doesn't file their income taxes every year?

I get asked that question all the time. People are like well who wouldn't file their taxes with the Internal Revenue Service every year?

It isn't who you think it is. For the most part these people aren't tax protesters or people who just refuse to comply. Often, these people have a life event that knocks them off course. People get knocked off course by various things that have happened to them.

Divorce when the ex-spouse took care of it and you don't know where to start or the records are retained by the ex-spouse and aren't available. We can get the necessary records to bring you back in compliance.

Substance abuse is another issue that causes noncompliance. It is common for someone to tell me that they have these issues and have resolved them but need to get their tax filings in order. We really enjoy helping these people get back on their feet. If you incur any penalties we have gotten them abated for substance abuse as a reasonable cause.

Death of a family member. Death of a spouse or child is often so difficult for the survivor to cope with they fall behind in their tax filing. This can also be used to abate penalties should you incur any when you bring your filings current.

There are plenty of other reasons that you can fall behind in your tax filings. Whatever the reason we can get the necessary documents and bring your tax filings current. We are understanding of your situation, and we make no judgements about it. We focus on fixing the problem and keeping it fixed by preparing and filing your annual tax return every year going forward.

Robby

Address

1909 Mall Drive
Texarkana, TX
75503

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

(903) 792-0281

Website

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