CPA Reacts - Inheriting an IRA

In this video, I talk about the reasonable salary requirements of owning an S corporation, if some expenses can be considered business expenses, and how inheriting an IRA works.
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This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.
• CPA Reacts - Inheritin...

[@NguyenCPAs]

Had any surprise tax bills from IRA distributions?

[@AbidHussain-nx2lb]

Need help in different topic My son was born in usa in 2002 Never lived or worked in usa Lives in canada Full time student & works part-time He made C $ in 2020 $7000 2021 $14000 2022 $13000 2023 &10000 He has SSN Does he need to file tax in usa ? He is behind the income threshold Every body telling me different solution I want to make sure that he is not in trouble in future Thanks

[@salpremiers]

Great video!