Jingthing

An excellent interview with a military expert insider:

Well at the very least they should have carve outs for remittances for real estate purchases and large medical expenses.

Your post sounded like the empty headed white house "press" secretary. Is she being sarcastic?

No such plans. I just like to stay up to date on Plan B options as retirement extensions in Thailand give no residency security (the weakest part of Thailand's program).

Another one that bought the Maga Koolaid.

I spent a few months in Puerto Vallarta and several trips in various parts of the country. It was fabulous. Mexico it the top destination for expats from both Canada and Mexico and it isn't even close. You just choose your locations carefully, that's all.

I know that many Americans and Canadians (yes, Virginia, they are different nations and will remain that way) who are living in or interested in Thailand are also interested in Mexico. Those people will likely already know that the normal paths towards residency (either temporary or permanent) involve surprisingly high financial requirements which are raised annually for either the income or show money methods. That said, for retirees, most Americans and Canadians would probably have enough savings (retirement account balances can be included) to qualify for their temporary residency which is a five year path towards permanent. However, there HAS been in the wake of Covid where many expats were stuck in Mexico a sounds too good to be true but WAS true option -- regularization. Through that program people could and did qualify for temporary residency without the need to show even one peso of income or savings. No point in explaining how that worked because it's been abruptly cancelled. There's a credible theory that it's related to the trade war started by Mr. Trump and expats can expect crackdowns in other normal aspects of immigration enforcement, but at this point for the regularization program the reasons don't really matter. Kiss it adios.

Yep. It's tragic. And as one who has seen the total evil and Putin loving that is Trump since he came down the elevator, schadenfreude about the maga cultists eventually realizing how they've been used is faint relief.

Putin doesn't want peace. He wants surrender and he will settle for nothing less than that. This whole Trump seeking a Nobel Prize thing is a total farce.

Trump promised he had no connection to fascist project 2025 but once elected his agenda actions have been dominated by the fascist project 2025 blueprint. Is that brave?

Money in savings accounts pre-2024 can be remitted to Thailand tax free any time going forward. Some people think that also applies to balances in pensions and investment accounts but they're wrong.

The channels in youtube are about much more than about influencers. As far as the big stars, they are mostly young. Keeping up that grind is really quite a lot of hard work though the successful ones can farm out the tedious stuff. Over a million subs and you're definitely a youtube star. Some might even say 100K. Roman of NFKRZ did visit Thailand but I missed him.

If it was someone I watched and liked, yes. I might also say hi to ones that I hate watch like Wild Siberia. Otherwise no.

Canadiana

Yeah it is but I'm wondering if there was UK tax withheld (payed) whether that should have been entered. Probably not, but I'm asking.

Is he the most dangerous man in the world? Not sure, but he sure is flippin' bonkers.

So you think that's OK and a good thing?

Yes, self destructive idiocy of the highest order. Americans will pay dearly for this mistake for generations.

Boycott the USA. There seems to be no other way.

You do know a lot about U.S. taxation. I get the gist of what you're saying but this grand "scam" trad IRA loophole that you were posting about years ago was BEFORE 2024. Before pretty much anyone was filing Thai tax returns and reporting and paying tax on trad IRA remittances. Now people will be.

Same same not so different.

Thank you. I assumed that it was only about the portion that was remitted but I was seeking confirmation of that. I'm reading your post as agreeing with me that both types of IRAs are private pensions according to Thai tax law and Thailand has exclusive right to taxation of those for Thai tax residents but of the remitted portion only. On the part about the savings clause impacting IRAs (private pensions) I am extremely skeptical. What is your source for that? I've heard nothing of the kind that the savings clause has anything to do with IRAs. These are the kind of issues that can be explored on the new topic I will open and I will also be seeking more clarification from the mainstream sources I have been following so far.

But you haven't been filing in Thailand during those years, have you? Pretty much nobody has been filing based on remitances before this year. This year, things are changing. I am talking about going forward in the new environment here. As I understand, both types of IRAs are to be taxed by Thailand ONLY for Thai tax resident as per the DTA treaty for private pensions. You need to take action to communicate with IRS that you are under the tax treaty of course (though obviously not important for Roths). Believe it or not. I will be posting a new topic about related issues as I have questions about this as well. I know it sounds crazy that both types of IRAs by Thailand.

Neither type is taxable in the US for Thai tax residents. What I don't know if that covers only the remitted part or all of it even if not remitted. I'm looking into that.

Other than seeking profits like any business, I have not seen any evidence that expat tax thailand is what you describe. On the contrary, I think they are trying to communicate accurate and helpful information. Some of that information points to some people needing to get a TIN and to file, and some of it points to no need to get a TIN and no need to file. Depending on the specifics of your case. There is no one size fits all with this stuff. Another example while they sell a get a TIN service they very openly explain that you can usually do that yourself. Keeping this objective, I think their service prices after the free short session teaser are high, so that's an incentive for people to try to do things themselves, and I also think it opens a space for a "discount" expat tax services (which I have yet to notice yet). Offering such specialized services in English which claims to be able to navigate both Thai and foreign tax systems is actually a type of thing that has pricing power. For example in my case assuming I will eventually need to file in Thailand. I expect the service fee if I get help to be higher than the tax owed. That sucks but taxes in general suck, so what are you gonna do? Some people say leave Thailand. For most people, that's extreme.