Thailand J

US taxes IRA distribution if you are a US citizen. If there is another state that is able to and actually does impose tax on the the same distribution then there will be an arrangement such as tax credit. so far it has not happen with US -Thai tax where US IRA is taxed in Thai. I am not sure why you try so hard. Open your eyes, non of us here who stay in Thailand ever paid Thai tax on our IRA distributions.

swiss actually tax US income but Thai so far has not. and if Thai does next year it wont be the same way as Swiss does. different country different deal. . Stay with Thai_Us tax.

The first stop was right after the turn into Suk. The second stop was at the pedestrian bridge near south Pattaya Tai. https://maps.app.goo.gl/3RpNj231dqAt7Dxc6 https://maps.app.goo.gl/tXRdah9bLP6d7ZKr6

every tax treaty is different. Different income different rates etc. You can't replace a country name and make an arguement. as of today thai tax law tax no IRA benefits remitted the year after. and with 162/2566 it's a complete different game. Does Swits has the exact same DTA with US as Thai? Does Swiss has the same tax rules regarding foreign incomes as Thai?

True for non US citizens non residents who file 1040NR. Not for US citizens who file 1040, who are taxed as US residents disregard of where they may live the entire tax year.

The above form should stop the IRA custodian from withholding any distributions, but in case there is any withholding, ypur spouse can file form 1040NR to claim it. Pension goes to line 7 on Schedule NEC, 0% tax, example below.

There are 3 parts on the form, part I is personal data ,part III certification signature. For IRA's, part II should look like the picture below. If your spouse is non US citizen and non US resident she can claim double tax treaty article 20 which prevents US from taxing the IRA benefits. On Thai side she may have to pay tax on the oversea remittance pending Thai revenue department new rules.

From my experience, yes two sets of documents were required, meaning two sets of passport copies. Medical cert can't be copied, both had to be original . Residency cert can be a copy for the second set. There are shops across the street if you needed to copy documents.

Long post nothing new. If they had published 162/2566 earlier I may not have gotten the LTR visa.

Paragragh 1 emcompass private retirement plans. Self administered IRA accounts are not part of any private retirement plan, it's just an account defined as savings account by the IRS.Per RD DI 162/2566 the remittance of the withdrawals into Thailand should be tax exempted. This has nothing to do with double tax treaty.

U S government pension and SS are exempted by DTA , that's clear. IRA's are not necessarily private pension plans. Both traditional and Roth IRA's are saving plans. Per RD DI 162/2566, the balance in any IRA prior to Jan 1 2024 is tax exempted if you tranfer into Thiland in the future years. This is my understanding. https://kpmg.com/th/en/home/insights/2023/11/th-tax-news-flash-issue-146.html

Keep your 2023 year end financial account statements. If you tranfer part of the balance in the future years it's tax exempted per DI 162/2566.

Looks like everyone has a way out. For most LTR visa holders, income from previous year is tax exempted by RD 473. For non LTR visa holders, income and prior savings from 2023 are tax exempted per Thai RD Departmental Instruction No. Por 162/2566. https://kpmg.com/th/en/home/insights/2023/11/th-tax-news-flash-issue-146.html

small cap will go up 50% in 2024 according to Fundstrat's Tom Lee. https://www.cnbc.com/video/2023/12/14/small-caps-could-climb-50-percent-in-the-next-12-months-says-fundstrats-tom-lee.html

Limited time free entree to a few places, a short break from the double pricing policy, thank you very much.

I found expensive laminated furniture there. May be you'll like Index living, easy to navigate?

You have never had IKEA meat balls? The almond cake, apple cake, chewy chocolate cake, cheese cake at the Swedish restaurant go very well with the free coffee. No assembly required. Coffee is free if you become a member..or it it really free?

Was there last week. Did not enjoy the food and the free coffee as the eating area don't have proper air conditioning. The Bangna branch is more convenient from Pattaya anyway.

I was using Nitro PDF reader to fill pdf files, now I just use a pen since I stopped writing ransom notes.

I know what you are doing. Don't get yourself in trouble.

TM 95 is on page 16 but it's not fillable: https://www.ratchakitcha.soc.go.th/DATA/PDF/2565/E/204/T_0024.PDF

I held a senior position at Mitek in USA until 2007. Gang Nail was acquired by Mitek.

SET end of day value not including dividends compared to S&P 500 assume dividends reinvested, 5 yrs, 10 yrs and 20 yrs.

Renewed my 5 year license last week. Had to goto DLT to make an appointment in person first. Documents needed on appointment day: 1. Passport, original and copies of photo and visa pages. 2. Driver license, original and copy of front and back. 3. Residency cert from Jomtein , original and copy if you also renew motorbike license. 4. medical cert. 5. Print out of the proof of the online class completion. Took 40 minutes to get the new license. I went there the day after my birthday, my new license expires on my birthday in 2029.

S&P 500 companies profit margin is 12.7%. I have never looked at my long term index investment as gambling. If you don't invest in stocks, find something you feel comfortable to invest. Don't just hold cash. I am much younger then 74, I am more concerned with what stocks to sell rather than which investment to get into.