DrPhibes

And there was a US Enrolled agent tax preparer in Chiang Mai for about 10 yrs around 2006 until 2016 when he passed away. Spoke with him several times including the possibility of purchasing his business and how it works. It was 51% owned by his Thai partner in the business and a there were a few other simplistic hoops to jump through but no problem really. Moved my family to Chiang Mai in 2016 and reached out to buy his business only to find he had unexpectedly passed away not 4 months earlier and his partner just closed the business and let his clients go. Too bad, would have given me something to do waiting for the kids to get out of their US curriculum school given US citizens abroad get an extra 2 months to file. Too lazy to start from scratch to build up a Thai side of my practice 😉

Ya, just looked over the high dividend paying stocks on the SET. A good chunk of those have a dividend yields lower than CD rates and are not growth stocks by the look of their stock prices over the last 12 months.

Please do not think that tax rate is the same as tax amount paid. His tax rate is lower but his tax amount paid is much higher due to his higher income. Amazing how the average man these days has no clue on even the most basic math concepts I learned in 3rd grade. I have been doing US income tax preparation as a business for the last 30 years after leaving a successful aerospace engineering position due to wanting more time to do other things. Time is the ultimate coinage.

Warren paid $24million in taxes between 2014 and 2018. A couple of the reasons his tax is so low is his wealth is in stock that does not pay dividends and has increased in value tremendously. He also is donating a good chunk of his wealth to charity each year which is a tax deduction on his US tax return. He has a lot of wealth but not that much income relative to his wealth. https://markets.businessinsider.com/news/stocks/warren-buffett-defends-propublica-tax-rate-berkshire-hathaway-stock-dvidends-2021-6-1030504042

Buffet complains his tax bracket is lower than his secretary. His actual tax paid is huge.

Wow, that's an awfully small house. Sure the sqft is correct? I have small 2bdrm 1.5 bath condo that's bigger than that.

His companies had losses, you don't pay income tax on overall loss for the calendar year. Never confuse wealth with income.

If you mean your US banks account ATM card being used overseas, I can see that. Citibank just changed their rules for check deposit. The check must match exactly the name on the account. So if my name is Joe Bob Briggs and I get a check written to J. Bob Briggs, they will not deposit the check. Also, to have Zelle deposits to my business account I actually have to reduce the security of my online access. Just nuts!

Dried rice stored in a dry, oxygen free environment (such as nitrogen, which is cheap) can last up to 30yrs.

People keep calling these laws between Thailand and other countries DTA's. These are tax Treaties, not just some agreements. If a country suddenly stopped adhering to treaties, who is going to want to deal with them?

Global warming, man made or not, is going to create more unpredictable violent weather as time goes by. The heat engine of the planet is ratcheting up.

Yes, depending on each countries tax treaty, some items of income are excluded from declaring (such as US Social Security), some types of income are taxable to the country you where you reside with a tax credit to the country where the income comes from if taxed there, and some are taxed only in the country you reside in. Each countries tax treaty is different on the aforementioned treatment. You really think the TRD is going to be versed on each countries tax treaty? They can't ignore them, these are actual treaties between countries that are higher than any authority the TRD has. Do taxes in the US for a living with about 50 guys living overseas. Not sweating this until there is more clarification out of the Thai gov.

Depends. As I have aged with a miracle 6yr old, the rat race to succeed in order to just own a house, the rise in crime (especially school shootings), the absolute crazy government, inflation gouging, etc... have decided to stay in CM but keeping a house in Fort Collins CO in case things go nipples up here, selling the rest this summer before the election, save my little tax business which, I alone will travel to each year and get the heck out after the season is over. if things in the future become more rational, well...

These DTA's are generally treaties between countries. Can't see the revenue dept. trumping international treaties.

He may not be familiar with foreign tax credit on the US return.

They are the Spirit Airlines of Asia.

It's the amount I receive from SS each month direct deposited to my Bangkok bank account.

Sorry but jumping in a bit late on this topic. So, if I gift my non-working thai wife 3,000,000 baht of US work earnings to her separate US bank account yearly in the United States, create a doc that specifies that it is a gift, then wire that money from that separate account to my wife's separate Thai bank account, then she moves a bit of that money into my separate Thai bank account to add to my US Social Security (non-taxable to Thailand by virtue of tax treaty) coming to my separate account, we have no tax obligation to Thailand. Sound about right? Hope all well with everyone.

Perfect, Thank you very much for taking the time on this!

Thank you very much for the referral!

Thanks, but we are buying the house we have been renting for the last 7 years. Good luck!

Any referrals would be appreciated. Thanks!

Wife is looking to buy a house in CM and we were wondering if there is such a thing as home inspection services in CM to look for problems with the house prior to purchase. Thanks in advance!

When I was in high school in the middle of the San Joaquin Valley in the latter part of the 70's, half the vehicles in the parking lot were pickup trucks and about 1/2 of them had gun racks inside the truck with guns in them so that immediately after school you could go hunting. Nobody thought about shooting up the school no matter how much "bullying" you got. At 17, I had a Remington 7mm magnum rifle, Mossburg pump 12 gauge, a Remington 1100 semiautomatic 12 gauge shotgun, a heavier than normal accurate as hell Mossburg 22 target rifle with big game scope on it, and a Ruger Mark I 22 long rifle target barrel pistol. My friends and I were into reloading our 12 gauge shells. All paid for working jobs while in school. My hunting friends and I were in the top 20 kids heading off to college. Kids these days....

Battery tech is on a meteoric pace with a lot of proprietary tech behind the scenes. It's like the early tech days of computers. Very exciting!