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DrPhibes

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Posts posted by DrPhibes

  1. On 5/2/2025 at 2:54 AM, Sheryl said:

    Costs will vary greatly by hospital.  Sripat probably the least costly  Bangkok or Ram Hospitals the most. At the top end this would cost at keast 350k, I am not sure how much less at Sripat.

     

    See this doc at his private clinic https://chanakarn.com/

     

    He has privileges at more than one hospital so you can discuss comparative pricing with him. 

    Thank you for responding.  While cost is kind of a factor, it's ultimately about relaying personal experiences with results as my primary goal.  Thanks again.

  2. Hi all, buddy and I take a guys trip for a couple of weeks somewhere on the islands each year to get out of Chiang Mai and away from family life. Remarkably, we just realized neither of us have ever been to Koh Phangan.  We are looking for rustic beach side bungalows similar to White Sand Beach resort bungalows on Koh Chang.  We have spent a chunk of time looking at resorts online but would love to hear some personal experience recommendations if you don't mind.  As always, thanks in advance!

  3. On 3/13/2025 at 11:53 PM, sqwakvfr said:

    Oh no. I just walked by there yesterday and the only thing that could offer a  glimmer of hope is to build a casino complex where KSK and the Lotus Hotel used to stand.  That propery has stood vaacnt now coming on 3 years and I really do not see anything else to build except for something like this.  The property would sell for a steep discount as well.  

    And re-open the bowling alley!!

  4. 15 hours ago, EVENKEEL said:

    Is anyone here actually contemplating handing over 1099r's to Trd? Trying to make a paper trail to Thai authorities is absurd. 

    The day they ask for my US tax return is the day we head back to the US.  The US social security earned by myself, my wife, and our 7yr old is more than we bring in to Thailand.  If they want to see the non-assessable SS 1099's and compare those to what I bring in, I'm OK with that, but they are nor getting the return.

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  5. 5 hours ago, Misty said:

     

    That would be good to know, if true. Could you provide a reference from the agreement saying Thai residents who are also US citizens are exempt from US information sharing?

     

    The Thailand-US IGA is a Model 1 agreement. 

     

    image.png.beae27ff00d431703658b07ea30c5102.png

    https://home.treasury.gov/policy-issues/tax-policy/foreign-account-tax-compliance-act

    If you open a bank account using your Thai ID in the US, that US institution will report your info to the Thai gov.  If you opened an account in your US passport in Thailand, that Thai institution will report your account to the US.  They don't make any kind designation as to residency for you.

  6. On 1/29/2025 at 6:26 PM, Misty said:

     

    The Thai government should now be receiving information on accounts in the US.

     

    Although the Thai-US FATCA IGA was signed in 2016, it only came into force last year.  The IGA includes reporting obligations that go both ways (Thailand to US, and US to Thailand).    Specifically Article 2 of the IGA, item 2b explains about what US financial institutions need to report to Thailand.  https://www.mof.go.th/th/view/attachment/file/3134303034/FATCA_IGA_Us.pdf

     

     

    Yes, there is a 2 way exchange of information.  For the US, they report the information of Thai residents that hold US accounts to the Thai gov.  For the Thai side, they report the account information for US residents to the US gov.  The US does not report information of accounts held in the US by US citizens to the Thai authorities.  That is tier 1 FATCA reporting.

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  7. 14 hours ago, The Cyclist said:

     

    Every foreign account in Thailand is subject to CRS reporting.

     

    It is the account, in a CRS Country that matters, not the Nationality of the account holder.

     

    Some of you Americans are nowhere near as speshul as you seem to think you are.

    But since the US does not participate in CRS, the Thai government is not receiving any info of my accounts in the US.  Just reports my single Thai account to the US under FATCA rules.  That account is now receiving only US social security money since the 1st of this year from my wife, underage child, and I.  Way more than enough for our Thai needs and wants.  Not special, just different.

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  8. On 1/14/2025 at 9:04 PM, BritManToo said:

    So out for my normal 25km loop this morning at 6:45. 8c going out, 9c at 8am cycling back. In 15 years I've never known it to be this cold.

    Shrively!! What is your route, always looking for more safe road 😉

  9. 22 hours ago, NoDisplayName said:

     

    Not a bad plan.

     

    I filed three years late returns, and this year's.  No assessable remittances to declare, so zero foreign income to claim, AND I got bank/dividend withholding refunded.

     

    Now I have a four-year history of accepted and approved tax forms omitting non-assessable foreign remittances.

     

    It's no real bother.  It's just another facet of expat life in Thailand.  Once a year, spend half a day at immigration getting an extension.  Three or four times a year, take five minutes to file an online 90-day report.  And now the first weekend in January, spend ten minutes to file my annual FBAR, then 20-30 minutes filing my Thai PN90.

     

    When I start to collect that juicy social security, I'll have it deposited in a dedicated bank account, and Wise it to Thailand monthly.  That, in addition to my TEDA amount of remittances (all will be non-assessable, but worst case scenario, they are somehow considered taxable), I'll have more than I can ever spend here, and never have to pay Thai tax.

     

    All is well, until Thailand moves to global taxation. 

     

    Then it's time for Plan B.

    Ya, going to do the same for US Social Security, into a separate account and only remit that money into Thailand.  I had already been moving seasoned money to Thailand, earned in previous year, the same way that was absolutely traceable to such.  Just started SS so will get that set up ASAP.

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