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Taxhitlady SB

Scarborough’s Tax Affairs has served clients for over 25 years using our state-of-the-art TaxHitLady software.

We also offer mentorship and business opportunities for those ready to launch their own career in the Tax & Accounting industry.

07/13/2026

⚠️ A will can't help you if you're still alive.

Most people think creating a will is enough—but what happens if you're unable to make financial or legal decisions because of an illness or accident?

In this clip, Kelly Sims and Xavier Scarborough Davis explain:
✔️ Why a will only takes effect after death
✔️ How a revocable living trust can help if you become incapacitated
✔️ How proper estate planning can help protect your assets and your loved ones during unexpected life events

Estate planning isn't just about what happens after you're gone—it's also about protecting yourself and your family while you're still here.

🎥 Join us LIVE every Tuesday at 12:00 PM CST on TikTok to ask your questions about:
• Taxes
• Trusts
• Wills
• Estates
• Generational Wealth

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🔗 Reserve your spot for our next LIVE:
https://www.tiktok.com/live/event/7660569070437466119?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

💬 Have you created a will, a trust, or neither? We'd love to hear your thoughts in the comments.

07/10/2026

🏡 Thinking about turning your home into an Airbnb? Here's what you should know about taxes.

Renting out your property can create a new income stream—but it also comes with important tax considerations.

In this clip, Kelly Sims answers a viewer's question about converting a home into an Airbnb and shares practical tax tips, including:
✔️ Keeping receipts for expenses
✔️ Tracking improvements and furnishings
✔️ Understanding deductible expenses
✔️ Preparing your property for rental income

Good recordkeeping today can make tax season much easier tomorrow.

Whether you're just getting started or already own rental property, understanding the tax side of real estate can help you make more informed decisions.

🎥 Join us LIVE every Tuesday at 12:00 PM CST on TikTok to ask your questions about:
• Taxes
• Trusts
• Wills
• Estates
• Business & Real Estate Tax Planning

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📍

🔗 Reserve your spot for our next LIVE:
https://www.tiktok.com/live/event/7660569070437466119?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

💬 If you own—or are thinking about buying—a rental property, what's your biggest tax question? Let us know in the comments!

07/09/2026

💡 Building generational wealth isn't about luck—it's about planning.

Many people assume wealth is something you're born into. The truth is, lasting wealth is often built through intentional planning, smart financial decisions, and protecting what you've worked hard to earn.

In this clip, Kelly Sims and Xavier Scarborough Davis discuss:
✔️ Why taxes play an important role in building wealth
✔️ How estate planning helps protect your legacy
✔️ What dynasty trusts are and why some families use them to preserve wealth for future generations

The goal isn't just to leave an inheritance—it's to leave your family with opportunities, security, and a plan for the future.

🎥 Join us LIVE every Tuesday at 12:00 PM CST on TikTok to ask your questions about:
• Taxes
• Trusts
• Wills
• Estates
• Generational Wealth

📍
📍

🔗 Reserve your spot for our next LIVE:
https://www.tiktok.com/live/event/7660569070437466119?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

💬 What does generational wealth mean to you? Share your thoughts in the comments—we'd love to hear your perspective.

06/30/2026

❤️ If both spouses pass away... who gets everything?

It's a difficult question to think about—but it's one of the most important conversations you can have.

Without a clear estate plan, your loved ones may face unnecessary delays, legal processes, or confusion about how your assets should be distributed.

In this clip, Kelly Sims and Xavier Scarborough Davis discuss:
✔️ What can happen if both spouses pass away
✔️ Why naming successor trustees and beneficiaries matters
✔️ How proper planning can help protect your family's future

Estate planning isn't just about assets—it's about providing clarity and peace of mind for the people you love.

🎥 Join us LIVE every Wednesday at 12:00 PM CST on TikTok to ask your questions about:
• Taxes
• Trusts
• Wills
• Estates
• Generational Wealth

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📍

🔗 Reserve your spot for this week's LIVE:
https://www.tiktok.com/live/event/7655418653584752658?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

💬 Have you started your estate plan yet, or is it something you've been meaning to do? We'd love to hear your thoughts.

06/29/2026

🕊️ When someone passes away, what taxes does the family need to file?

Losing a loved one is difficult enough without having to navigate tax and estate responsibilities.

In this clip, Kelly Sims and Xavier Scarborough Davis explain some of the important steps families may need to take after a death, including:
✔️ Filing a final individual tax return (Form 1040)
✔️ When a trust tax return (Form 1041) may be required
✔️ Why death certificates are so important
✔️ How joint trusts can help simplify the transition

Understanding these responsibilities ahead of time can help reduce stress and ensure important details aren't overlooked.

🎥 Join us LIVE every Wednesday at 12:00 PM CST on TikTok to ask your questions about:
• Taxes
• Trusts
• Wills
• Estates
• Generational Wealth

📍
📍

🔗 Reserve your spot for this week's LIVE:
https://www.tiktok.com/live/event/7655418653584752658?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

💬 Have a question about estate or tax planning? Leave it in the comments—we may answer it during our next LIVE!

06/26/2026

💸 Did you know probate can cost your family thousands of dollars?

Many people don't realize that settling an estate through probate can involve attorney fees, court costs, waiting periods, and even creditor claims—depending on your state's laws.

In this clip, Kelly Sims and Xavier Scarborough Davis explain:
✔️ How probate works
✔️ Why probate costs can vary from state to state
✔️ How proper estate planning may help your loved ones avoid unnecessary delays and expenses

Planning ahead isn't just about passing on your assets—it's about making the process easier for the people you care about most.

🎥 Join us LIVE every Wednesday at 12:00 PM CST on TikTok to ask your questions about:
• Taxes
• Trusts
• Wills
• Estates
• Generational Wealth

📍
📍

🔗 Reserve your spot for this week's LIVE:
https://www.tiktok.com/live/event/7655418653584752658?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

💬 Have you or someone you know gone through probate? Share your experience or questions in the comments.

06/25/2026

🏡 Will vs. Trust: What's the Difference?

Many people think a will is all they need—but that's not always the best option.

While a will provides instructions that are carried out through probate court, a trust can help your loved ones avoid probate, maintain privacy, and simplify the transfer of assets.

In this clip, Kelly Sims and Xavier Scarborough Davis explain the key differences between a will and a trust, and why choosing the right estate planning tool depends on your family's unique situation.

Planning today can help your family avoid unnecessary stress and expenses tomorrow.

🎥 Join us LIVE every Wednesday at 12:00 PM CST on TikTok to ask your questions about:
✔️ Taxes
✔️ Trusts
✔️ Wills
✔️ Estates
✔️ Generational Wealth

📍
📍

🔗 Register for our next LIVE:
https://www.tiktok.com/live/event/7655418653584752658?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

💬 Which do you currently have—a will, a trust, or neither? Let us know in the comments!

06/24/2026

🔴 WE'RE LIVE TODAY AT NOON CST!

Have questions about:

✔ Taxes
✔ Trusts
✔ Wills
✔ Estates
✔ Generational Wealth
✔ Business Tax Planning

Join Kelly Sims () and Xavier Scarborough Davis() for our weekly LIVE Q&A.

No presentation.
No sales pitch.
Just answers to your questions.

📅 TODAY
⏰ 12:00 PM CST
📍 TikTok LIVE

Reserve your spot:
https://www.tiktok.com/live/event/7652759380257210386?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

Tag a friend who needs to hear this!

06/23/2026

💰 Do trusts really save taxes?

This is one of the biggest misconceptions we hear.

Many people believe that creating a trust automatically lowers their tax bill. The reality is much more nuanced.

In this clip, Kelly Sims and Xavier Scarborough Davis discuss when trusts may provide tax benefits, when they don't, and why many people create trusts for reasons other than taxes.

Before you create a trust, make sure you understand what it can—and cannot—do for your situation.

🎥 Join us LIVE every Wednesday at 12 PM CST on TikTok to ask your questions about taxes, trusts, wills, estates, and generational wealth.

📍
📍

🔗 Register for our next LIVE:
https://www.tiktok.com/live/event/7652759380257210386?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

What have you heard about trusts and taxes? Let us know below 👇

06/22/2026

💼 Business owners, pay attention.

One of the most common mistakes we see with S-Corps is failing to understand the IRS reasonable compensation rules.

If you're operating as an S-Corp, there are specific requirements you need to follow—and getting them wrong can create tax issues down the road.

Watch this clip from our LIVE Q&A with Kelly Sims and Xavier Scarborough Davis.

🎥 Join us LIVE every Wednesday at 12 PM CST on TikTok to ask your questions about taxes, trusts, wills, estates, and generational wealth.

📍
📍

🔗 Register for our next LIVE:
https://www.tiktok.com/live/event/7652759380257210386?enter_from=share_link&share_from_user_id=7554471075225469968&_r=1

What questions do you have about S-Corps?

Address

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St. Louis, MO
63105

Opening Hours

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Tuesday	10am - 5pm
Thursday	10am - 5pm
Friday	10am - 5pm

Website

http://taxhitladysb.com/

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