Everything posted by JimGant
-
Joint tenants with right of suvivorship
Yes, I'm sure you are. My apologies, and I stand corrected. That $60k exemption is not for US assets being left to a non resident alien; it's for US situs assets in the estate of a non resident alien (being left to anyone in the world, as nationality of beneficiary not applicable). Best get a new tax attorney. Your estate has a $15m exemption, whether you leave it to your wife, or to anyone else. Yumthai, my apologies for all the head scratching I caused.....
-
Joint tenants with right of suvivorship
But it does matter to whom the estate has been left to. Whether you leave it to your non resident foreign spouse, or your favorite non resident foreign bar girl(s) -- your estate has only a $60k estate tax exemption on those monies sent abroad. So, if your Will leaves half of your $500k estate to your non resident foreign wife -- and the remainder to your non resident favorite bar girl(s) -- your estate is on the tax hook against $440k of non exempt estate assets. No advantage of beneficiary being a spouse, if she's also a non resident, non US domiciled alien. Also, no $60k exemption per each beneficiary -- $60k total for the wife and all the others you may name in your Will (if non resident aliens). Of course, if you send only $60k abroad, and you leave the rest of your estate to your US domiciled children -- that remaining $440k is well covered in what remains of your $15m estate tax exemption.
-
Joint tenants with right of suvivorship
Not if you don't want it to. Just make sure it says up front that this Will "covers only my Thai assets."
-
Joint tenants with right of suvivorship
Essentially, they're not. In the US and in Thailand -- assets in an either/or joint account pass to the surviving tenant with no need for a Will or probate. This is well defined and understood for US accounts. Thai joint bank accounts, however, have been reported to have been frozen, in a few cases, by a confused bank manager. As suggested, check with your bank manager to confirm he/she is onboard with the 'no probate' scenario. Make sure the wife hears the verdict, then maybe she'll feel more comfortable about both your US accounts and Thai accounts. By the way, Thailand has no "pay on death" options that allow assets to escape probate.
-
Thai tax tangle: Expats warned of new rules on overseas income
Thailand's "earned income" definition doesn't match that of the US. In fact, the Thai-US DTA pretty much has only what the US deems "unearned income" as taxable by Thailand, if remitted. This includes private pensions, IRA and 401k distributions, and other "1099R" "unearned" distributions. In fact, Thailand only looks at US "earned Income" when you try and get an LTR visa -- whereby W-2 earned income is not allowed towards the $80k annual income.
-
War-Hero Dog “Bing” Honoured with Sculpture in Loughborough
Dogs are so much better than people.
-
Places to EAT around Chiang Mai - reviews and discussion
Is the parking adequate for a car? Inadequate parking can make the finest restaurant not worth it (unless there's valet parking, which is non existent in Chiang Mai, at least in my experience).
-
BBC Leaders Step Down Over Controversial Trump Footage
I just don't understand the fuss about the edit..... Did they cut dialogue that was just repetitive in its support for the riot? If so, that's what editing is all about -- eliminating unnecessary repetition. And they certainly didn't cut any dialogue or facts that indicated that he DIDN'T support the riot -- because there wasn't any such dialogue or facts. This sore loser just sat for hours, watching the riot unfold on TV -- waiting for Pence to embrace this lunacy. So, someone please indicate how the edited version's facts and conclusions somehow didn't reflect those obtained from the full-blown dialogue....
-
Meghan Markle Set to Return to Acting
She's been acting for the last several years, pretending she's a princess.
-
"Pay by scan"/PromptPay as a *tourist* – doable?
Bingo!
-
LTR Visa is Now available for Long Term Residency
I used part of my Required Minimum Distribution from my Traditional IRA to reach the $80k threshhold. This was in line 4A of 1040, plus I included the related 1099 and an explanation sheet. What I spent this IRA distro on was irrelevant -- a new car, a Roth, whatever. They don't care. And in the future, Roth disributions, which also show up in line 4A, can be used toward the $80k, as the passive income they're interested in doesn't have to be taxable.
-
United Airlines Resumes Flights to Thailand After Long Hiatus
I'd say so, looking at the wife's group graduation photo from PanAm stew school in 1970. And for years afterwards, they had required weight checks twice a year. Then, the union decided somehow that the company had no right to dictate standards. And thus we entered the era of fat stews, who besides being unattractive, would be of little help should evacuation be needed. The wife flew for 32 years -- and never required the union to keep in shape. Speaking of unions -- when United flew to BKK pre 2015, they had a group of locally hired Thai stews -- that flew intra Asia -- and were non union. These were inherited when they bought PanAm. And the wife was asked to help train these gals at the Miami stew school, when PanAm introduced the program. Afterwards, she was lambasted by the union as some kind of scab. Anyway, this reopening of UAL to BKK won't see a contingent of non union young Thai gals on the BKK-HKG-BKK flights. Shame.
-
Pete Hegseth refuses to meet with bearded soldiers in SouthKorea
Stupid comment. Obviously any leader who dictates standards that, in juxtaposition, he can't also meet -- is no sort of a leader. Yes, he didn't dictate tattoo standards -- but the reason he didn't is obvious -- at least to some of us.
-
Pete Hegseth refuses to meet with bearded soldiers in SouthKorea
The bronze stars didn't have the "V" for valor, thus -- while they sound impressive -- were awarded as an end of tour medal, which is very common when you leave a job from a combat theater, but not for anything of merit related to combat -- and you didn't excessively screw up. The Joint Commendation Medal is the poor cousin to the Joint Meritorious Service Medal. I got a JMSM for just being competent in my joint job. The JCM is given -- when you rotate out -- for just not calling in sick too many days. Hegseth also got the National Defense Ribbon for raising his right hand. Pretty impressive dude, no?
-
Pete Hegseth refuses to meet with bearded soldiers in SouthKorea
Ah, I guess Blacks and Sikhs can no longer receive exemptions -- which brings us closer to a military that resembles the Founding Fathers. But, how do I get rid of those pesky women, who don't shave? Ah yes, require muscles that replicate a male. [Not that they need such muscles to drive a jet, ship, or tank -- all of which have power steering. Restrict such requirements to grunt infantry jobs, which is a fair compromise.] If only we could get some candid feedback about Hegseth's speech at Quantico, from the folks in the audience. Maybe after they retire....
-
Pete Hegseth refuses to meet with bearded soldiers in SouthKorea
For the Air Force, here's the policy on arm and leg tattoos: Hegseth has tattoos all the way from the shoulder to the wrist, on his right arm (and probably many other places). This means Hegseth, if ordered to show up in formation, wearing the summer open collared, short sleeved blue uniform shirt -- would be disallowed (just as if he showed up with a beard). If you have an arm tattoo in the Marine Corps, then your only uniform option is a long sleeved shirt -- and that tattoo's extension at the wrist, must be covered up by the shirt. Thus, Marines with arm tattoos would be banned from formations in short sleeved shirts. I wonder what the formations that showed up for Hegseth in Korea looked like.......? Probably utilities -- not rolled up. There are places for everything in the military. Well trimmed beards are one, at least for the seagoing navy -- and others with legitimate waivers. Tattoos? Yeah, Popeye the Sailorman and boatswain mates should be given some slack; senior officers and leaders -- maybe subtle tattoos like Sec'y of State Schultz had on his butt (a Princeton Tiger) are just fine. But a senior officer and sec'y of defense, with a body showing way too much blue ink injections -- nope, this just shows a deficit in reasoning skills. Anyway, Hegseth is a deeply flawed 'yes man' -- a far cry from Jim Mattis, who had the experience and smarts to be sec'y of defense -- but whose smarts didn't agree with Trump's empty head. So, I guess we're stuck with the tattooed buffoon -- unless he really has a brain fart that even Trump can't tolerate. Stay tuned.
-
NEGATIVE Effectiveness of Flu-shot during 2024-2025 Season
Yeah, tell that to the folks residing in iron lungs, because they didn't get vaccinated against polio.
-
Trump Demands Justice: ‘Prosecute the 2020 Witch Hunters!’
Bingo! Weaponization not required, when the hard facts are staring you in the face. And yes, Trump's right -- there was an attempt to steal the 2020 election -- except it was by him, not the Dems. What's sad is that Trump is so narcissistic that he really believes he could only lose, if the election were rigged. What's even sadder is his huge cult that buys into this crap.
-
Anyone else having problems doing the Bangkok Bank App ?
WTF are you talking about? Come back when you are sober. I was quoting your experience on where you need to be for a successful selfie. I guess I best add a smiley for the benefit of the humor challenged: "I finally got it to work in the bathroom where the mirror lights are quite bright and there is a light brown background behind me." By the way, if you flushed you wouldn't have that light brown background..... 😮
-
Anyone else having problems doing the Bangkok Bank App ?
So, now if you want to transfer more than 50K, you have to go to the bathroom with your phone? Madness.
-
Bangkok Bank app face scan problems
If your phone has the capability, is the fingerprint scan acceptable by BBL Mobile Banking, in lieu of a facial scan? Can't seem to find anything definitive on this with a Google search. If so, would seem superior, with all the facial scan problems being reported here.
-
Bangkok Bank app face scan problems
Probably you have a full head of hair. No problem, if bald (he said, semi seriously). Will we have this same hit or miss goat rope when we have to do a face scan to tap more than 50K? Anyone had a problem sending more than 50K?
-
Taxes: Filing and Free SW
Nothing, if filing separately. But having her get a TIN, and then filing jointly -- your standard deduction doubles, meaning (using 2024 figures) that's an additional $14600 (more, if over 65) not subject to taxes. That could mean real savings. Yes, her taxable Thai income will now be subject to US tax. But, if she has little to none -- it's a no brainer, if you AGI exceeds $14.6. And, there are no hidden "gotchas," so no reason not for her to get a TIN.
-
You have decided to marry a bargirl. So what do you tell mum?
Or, fell for you because you were kind, gentle, and appreciative. Maybe not the norm, but not out of the question. And does she make you a lot happier than that fat, whining bit..... back in home country? Any problems with this back home with family, have them watch "The World of Suzie Wong." I've never questioned the pedigree of the Thai wives of my friends. If some (I'm sure) were bar girls, you'd never know from how they've assimilated very nicely into polite society. And how happy they make their man.
-
LTR Visa is Now available for Long Term Residency
That's good to hear. So why are you wasting your time, and ours, on the LTR thread -- if you're just a tourist?