State of recently build condos in Pattaya, example The Base
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
Popular Contributors
-
Latest posts...
-
88
Unforgivable war crimes committed by Russia on the battlefield
You had posted some copy paste rubbish (in big bold type bc you've no clue how to use technology) about Vietnam. I commented about how that war based upon a lie was started. You really are a very simple fellow. -
88
Unforgivable war crimes committed by Russia on the battlefield
I see you are very familiar with the Russian trolls' practice of copying and pasting the "truth" as stated by Putin's propaganda machine. But even assuming my post is copied and pasted, which it isn't, would that make it any less true? -
66
Bangkok Bank Now Doing FATCA
Yep. And if filing MFJ, you can take up to $600 without the need for a Form 1116. For years I've taken a tax credit for the 15% withholding Bangkok Bank takes on my savings accounts. Sure beats filing a Thai tax return to get that nitnoy money back -- which I certainly wouldn't bother to do -- but plugging in that amount in TurboTax is slam dunk -- just make sure you put in the ersatz 1099 you build for Bangkok Bank the foreign tax withheld in the proper 1099 line -- otherwise you'll go nuts trying to figure out how to deduct it. If you do file a Thai tax return, with taxes paid on foreign remitted income, this is where a Form 1116 may be needed, if a tax credit is considerable - and you need to take advantage of the credit carried forward (and backward). And, because the Internal Revenue Code says foreign tax credits can only by taken against foreign taxes paid on FOREIGN income -- but you're taking a credit for taxes paid on remitted US income -- you need to file a Form 8833 to have the treaty trump this part of the Code (but maybe you don't, which is too long a discussion to go into here). This gets interesting, because there's so much discussion on the forum about taking a tax credit against Thai taxes -- for taxes paid on same income in your home country. But actually there are very few circumstances where, per most DTAs, this would be dictated (rental income is the only example I can think of). Example -- US DTA: Private pensions are taxable exclusively by Thailand. But, since I have to pay the US tax on this pension -- because the saving clause overrides the treaty language -- could I then get a credit against my Thai taxes for this US tax bill per the DTA language? No, at least not per the DTA. The country having primary/exclusionary taxation rights gets to keep all taxes collected -- and doesn't have to absorb a tax credit; however, the US, in this example, being secondary taxation authority, would have to absorb a tax credit for taxes paid to Thailand. Now, Thailand could, if it wanted, say (as maybe they have -- hard to decipher) that they'll allow a tax credit for taxes paid to your home country -- even tho' the treaty says they get to keep the whole enchilada. Why they would want to give away taxes they're rightfully entitled to -- is beyond me. But, it certainly wouldn't violate any double taxation restrictions...... How would they take a credit, since there are no lines on the tax return to do so? I guess you would just have to spreadsheet the problem, figuring out what your final Thai tax bill would be, if they would absorb a tax credit for your US taxes paid. Then, you would enter an imaginary taxable income figure that would arrive at this final Thai tax bill, that included the credit. And, of course, it the tax credit -- per spreadsheet computation -- completely wiped out whatever Thai taxes were due on this foreign income -- you'd just not include this foreign income on your Thai tax return. Weird sh**, this. I hope there is somebody home at TRD dealing with the problem. -
88
Unforgivable war crimes committed by Russia on the battlefield
I called you newbie because a response you linked to a previous post of mine was totally not related to what I posted. As for this rant, well it's self explanatory. You seem to simply be a nasty troll. -
32
The inner monologue: What do you typically discuss with yourself? Do you also argue?
I would not let my middle finger any where near that ------- fill in -------- as appropriate! -
200
Zelinsky: The End Is Near
The US was weak from Iraq under Bush. The US was in love with Russia during Obama’s first term, and Obama agreed to cancel missile defense for help with his reelection. Obama ignored Russia during his second term when the took Crimea. Trump sold arms to Ukraine and sanctioned Russia. Biden stoped arms to Ukraine and cancelled sanctions on Russia. Biden surrendered Afghanistan, makinf the US look weak. Russia was emboldened to invade Ukraine. Now here we are, fighting to the last Ukrainian.
-
-
Popular in The Pub
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now