mudcat

Sorry, did not realize your wife was not a citizen. For us the SSA survivor benefit should be around $2,000 per month so not too worried about her bank interest.

We have chosen to go the other way as once my wife inherits into a U.S. account she will be subject to taxes on her remittances - but if she inherits directly to Thailand remittances are not subject to inheritance or income taxes. I have instructed our executors to note on the wires. Tax Exempt under Inheritance Tax Act Section 3.2 and Thai Revenue Code Section 42.10. Section 3 This Act shall not apply to: (1) an inheritance from a deceased person who dies prior to the date on which this Act comes into force; (2) an inheritance received from a deceased person by the spouse of the deceased person. Section 42 The assessable income of the following categories shall be exempt for the purpose of income tax calculation: (10) Income derived from an inheritance.11 11R.C.A.A. (No. 40) B.E. 2558

I am not sure about the penalty, but the IRS does have what they call a streamlined procedure which they describe the criteria and some of the steps here: https://www.irs.gov/individuals/international-taxpayers/us-taxpayers-residing-outside-the-united-states Went through the process - five years of missed FinCEN 114s for my wife and three years of amended 1040 for us. No penalties but it did cost a little bit of late payments and interest and a LOT of research through our financial records. In the end I was glad I no longer had it hanging over us going forward. The good faith 'non-willful' reason was that I (the tax filer in the family) did not realize that my wife's remarriage accounts needed to be reported. Some tax preparation firm offer to do the filing, but you are still on the hook for the research and coming up with a believable reason you failed to file.

I have no intention of ever being so foolish to bring hundreds of thousand dollars here to put into a Thai bank - but my wife will once I pass, so I have pre-filled out the forms including the GIIN # and addresses for her banks. Fortunately the form is not dated as to tax year so the forms can be pre-filled out. Simply by waiting to the next tax year she can dodge that bullet, but waiting 11-months may be beyond her. The form is kind of confusing each page 1 requires a total amount of assets and interest, but it does not appear allow you to append the account specific information on page 2 to be rolled into a single - I recommend that she go with a tax professional at least for the first year.

This is an issue for myself whose income is is entirely non-assessible (U.S. Social Security, U.S. government agency pension, and LTR). This means that my minuscule Thai bank account interest withholding is the only thing that any of my deductions can offset. Even though I will file jointly with my wife, I don't think that this will benefit her or us, but it will demonstrate that I at least tried.

Asked and already answered (as I found when reviewed my packet for TRD) Thai language for Thai-U.S. tax convention: https://rd.go.th/fileadmin/download/nation/america_t.pdf English language for Thai-U.S. tax convention: https://rd.go.th/fileadmin/download/nation/america_e.pdf

Does anyone have a link to DTAs in Thai such as the RD has for the English language of the Thai-US? Having the Thai language would avoid misunderstandings.

Search terms would be hard milled or French milled. I prefer Kappus - sandalwood for me and chamomile for my wife.

The form to submit to the Federal Benefits Bureau FBU in Manila is SA-1199-OP107 (03-2020) search for the file name as this the one I used. If you are using it to qualify for your extension be advised that the deposit will be coded Bahtnet as it is a local transfer for all Thai banks from their correspondent bank. There are steps to have it show as a foreign remittance. Comes in like clockwork on the third of every month.

I am not looking forward to the day I need to move on from JPMorganChase. As a fallback I think we will open bank and credit card accounts with the State Department Federal Credit Union who explicitly supports expats. Where to park my Roth and brokerage accounts is a bridge I will cross when I need to

My Daikan claims to. I point out that selecting Fan Only as mode would eliminate the cost of the compressor running.

Sure, after the Navy I in 1968 I bought my father's 1963 Volkswagen Beatle. Bending down to pick up an apple from my lunch that had rolled into the passenger side footwell I crossed the road, through a split-rail wood fence to 'V' in the front and then between two small trees to squish in all four fenders. What would have been called a total if I had insurance to cover new driver stupidity. With my dad's help bought an even earlier Beatle without an engine and performed a engine swap on the street in front of my apartment.

Thanks for your help - it is difficult navigated Thai bureaucracy when one does not speak Thai. I have created pdfs Thai and English text for each article with the RD source link for the article 1, 20, and 21. I attach jpgs of the pdfs - if you wish me to send the pdfs or word files send me a private message. Hopefully having the documents in front of the officer will spare my arms from excessive gesturing.

Alas, that link is the document in English. Trying to avoid the deer in the headlights look from RD staff being presented with an Enlish documebt.

Does anyone have a source link or a copy of the 1996 Thailand-U.S. tax convention in Thai?