Jingthing

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Nobody said it was new. But as in Australia, Greece, Portugal, etc. things are now very much worse. https://www.bbc.com/news/articles/c0ewe4p9128o

He isn't even president yet. What a mustard suck.

Maga doesn't want to talk about climate change. So we get this kind of idiocy.

The fact that he did indeed win landslide or not (in this case -- NOT) does not in any way whatsoever indicate he was a good choice. He was a shockingly bad choice.

He will be the president again. That's all.

That's your answer.

Here is something people can do to test how Thailand will deal with US retirement accounts but I would suggest waiting a long time to give them time to develop their policy. Only at offices in expat havens with lots of retired Americans. Only for people without a TIN. Offices are supposed to turn away people seeking a TIN with no accessable income. So go in there if all your other Income is excluded but you've got a IRA withdrawal. Ask. Do I need a TiN? Have you remitted any accessable income? Well I'm not sure. Please help I withdrew 300k baht from my U.S. IRA and remitted that to Thailand but the value of my IRA was 3 million baht end of 2023. Answer: ?????

No dude. Post on the topics. Not the members.

My understanding as I've posted before are IRAs Roth and Traditional and also 401k withdrawals are fully accessable if remitted to Thailand while a Thai tax resident. For example 10k usd withdrawal, 10k remitted, 10k accessable income in Thailand. All classed as accessable pension income. This oddly even though Roth IRA withdrawals are tax free by the IRS.

Really completely none of your bidness either way.

The inauguration of twice impeached, multiple convicted felon, adjudicated rapist that is.

I'm fascinated by your strange usage of wobbling. Is that a peculiarity of your provincial dialect?

Winning doesn't made a horrible person good. It gives a horrible person power. He won by a slim 1.5 percent margin but yes he did win. If you find reading my posts tedious, may I suggest utilizing the ignore list?

You need to stop playing disingenuous games.

Golf of Not going to lower egg prices suckers

Lincoln Project is from conservative Republicans DUH.

I've heard double the tax due is a common penalty.

You don't mind just making stuff up out of thin air, do you? Very maga of you. I have no time for such garbage. The topic here is about JANUARY 6, 2021. BYE.

As you can read before my current understanding is as I posted before seeing US retirement accounts as very different than regular bank savings or regular outside retirement account investments. To add for regular outside retirement account investments I think the Thai rules are clear. It's irrelevant what you held before 2024. The accounting is done based on a profit cost basis, if any, if remitted as a Thai tax resident. But if you made that move before 2024 and banked it then that cash would be excluded. I don't think we're going to know anything totally definitive on this issue for a long time and even then it may be office by office. Reports of audit results where someone is challenged for not doing it the way I posted would be great precedent, but who knows when or if such reports will come forward. On the other hand, doing it the way I currently understand as correct would create the maximum tax liability of any interpretation, so there would be zero reason for that to be audited. As the Integrity Legal guy says -- no taxing authority is in the business of helping people pay LESS tax.

I'm not sure the penalty would be that lenient.

Spoke too soon. Apparently I need to upgrade True Money to use it for Grab Food by uploading visa documents. Two days for approval.

Possibly free for a short first meetlng. Anyway my main issue is IRAs and I still think by the time I actually have to deal with this that there will probably be actual reports about this for the Pattaya office.

My understanding which may be wrong is that remittance information is available to Thai Revenue regardless. Of course it wouldn't tell them much. For example an American remitting only social security would have no need for a tin or to file. You're probably right about low risk of audit but as said I don't have your confidence to argue why it's ok to not claim IRA as accessable pension income.

Well yippee! Sort of. I was able to open a True Money account and did an initial topup from ironically Bangok Bank. As reported here Panda won't accept from foreigners. But I did succeed in adding it as my payment method on Grab. Yet to use it but seems good. As far as Panda well I use Grab much more often but I will not be able to stay in their Frequent Gobbler Club discount program as that requires a payment option on record. I'll cope somehow.