Melynda Smith founded Bailey, Smith & Associates, LLP, in 2005 with friend and colleague Bill Bailey. As a Partner, Melynda specializes in individual taxation, IRS representation, consultation, and planning.
Prior to establishing the firm, Melynda served three years with an oil and gas company, where she prepared individual, trust, estate, and partnership tax returns. She also spent 12 years with a Fortune 200 company, where she served as a CPA and International Tax Counsel, with a heavy focus on benefits, executive compensation, and payroll. Melynda has earned a Master of Science in Taxation and a Bachelor of Business Administration, both from the University of North Texas. She has also earned a Juris Doctor from Baylor University’s School of Law, and is licensed to practice law before the U.S. Tax Court, the U.S. Supreme Court, and the Texas Supreme Court. She is a member of the American Institute of Certified Public Accountants (AICPA), the American Academy of Attorneys and CPAs, the American Bar Association, and the Texas Bar Association.
Outside of the office, Melynda enjoys golfing, hiking, fishing, and rock hounding with her family. She also enjoys volunteering at her son’s school and at church.
Our trained staff understands the unique challenges that your professional service-based business faces. As your trusted advisors, we work with you throughout the year to evaluate...read more
Our firm is committed to helping you achieve financial success within your medical practice. Our skilled professionals have years of experience in providing...read more
Our firm specializes in serving the accounting, tax and financial management needs of law firms, lawyers, attorneys and all types of legal practices. We help legal firms...read more
On September 22, 2016, the IRS issued an alert warning taxpayers to be on guard for fake emails purporting to contain an IRS tax bill related to the Affordable Care Act (ACA). The email attachment is usually an IRS Notice CP2000. The fraudulent email and IRS Notice CP2000 usually have the following...
The IRS is sounding the alarm that certain taxpayers may experience delays in receiving refunds associated with the filing of their 2016 tax returns.
Those individuals who are claiming the Earned Income Tax Credit and/or the Additional Child Tax Credit will likely experience a delay in the receipt of their refunds especially if they file early in the season. New laws...
Beware of Back to School Phone Scams
The IRS has issued a warning to parents and students that scammers are engaging in a new telephone tax scam. The scammers call the parents and/or the student and make a demand for the immediate payment of non-exisent taxes such as a "Federal Student Tax". The scammers threaten to report the...