Jingthing

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.

My understanding is that they can see total remittances. I do well understand your point though. I would never have your confidence about this though as said at a later date I will check this issue with a Thai tax lawyer who was recommended to me.

Every business wants our money. Not sure that in itself would disqualify them.

How sleazy! I was responding to you asserting that the anti Trumo side is lefty.

Basically a 4 out of 5 is a horrible review on these apps. The entire ratings system is a farce. They should drop and simply allow people to make anonymous complaints. My understanding is that customers are rated too. Oh boy!

So it's done now. Trump's Hail Mary pass to his SCOTUS good buddies failed. Now he WILL enter the presidency as the very first CONVICTED FELON president. Congratulations, maga. Will they use his mug shot as the official photo for government offices and airports?

Yeah "leftists" like Liz Cheny and the Lincoln Project. You lot don't get it! This isn't about left vs. right.

Grab or Panda?

I respect your skeptical POV. From my POV, what you are proposing to do would be quite complicated and if there is a choice I would prefer to keep things as simple as possible, yes even if it did subject me to some probably small amount of tax. It's also a risky tactic from the POV of a higher likelihood of being subject to an audit. In my opinion, anyway. You may be right. You may be wrong. I have no idea. I am not qualified to make that judgement. I still plan to eventually see a Thai tax lawyer that I have in mind and get his opinion when this does become an issue for me (probably not for some time). By then given he would be dealing with retired expat haven Jomtien he might actually have some insider knowledge and experience about this US retirement account issue. Sincerely, good luck.

USA retirement accounts are very specific rules based accounts and can't logically be called the same as bank accounts or the same as investments held OUTSIDE such accounts. That said I question the supposed Thai revenue labeling them and treating them as PENSIONS. They aren't really pensions either. They probably should have been included in the Thai US DTA the same as excluded social security, but we're not so lucky.

Not all the same restaurants. Very slow service tends to happen more with peak times, holidays,etc. It used to be foreigners couldn't get a True Money account at all. Now we can.

He got a deal no other convicted felon could ever hope to get (NO punishment!) and that still wasn't good enough for him. SCOTUS did the right thing. This time. He still may appeal the convictions.

I get the feeling that you (along with enemies of the U.S. like Putin) are very much ENJOYING watching the spectacle of the U.S. tearing itself apart.

Yeah I'm pretty sure most all of them do indeed accept paying by scans. Dense of me not to think of that before but I was fooled by it not being in the payment option list. But I need a stored payment option and that will be True Money Wallet.

Curious timing but I've been requested by Bangkok Bank to update my personal info on their app. Nothing has changed in my personal information. So I went to the place on the app to confirm that and it said I must go to a branch and show my passport. Geez Louise!

I tried yesterday to use my Kbank card again. First I tried to activate for online shopping using their bank's portal for that. Failed. Not sure if related as these apps aren't technically online shopping. Then I tried entering again on the apps. Failed. F em.

I have a U.S. credit card but no Thai one. I wouldn't use my U.S. credit card on these apps. Do they accept foreign cards? Just asking as I wouldn't use it if they did.