You're making the most sense here, and it follows what my own research has turned up, including direct advice from a Thai tax expert. I think every country is the same in that it's just not worth their while to go after small potatoes and chump change. Big fish have a biffer payoff per man/hour. Simple math. In the US most of my income since 1989 was cash and undeclared. After that it was Social Security, a very low amount below the poverty line - $1675/month now, and I have to add to that from savings in order to meet the 65,000 baht/month visa requirement. haven't filed a tax return in the US since 1989. Still not in jail. I think what it boils down to is, if you're not wealthy, and don't draw attention to yourself, you've got no worries. Thanks for your clarity and very useful post. I hope others are smart enough and can stop arguing long enough to listen.
The mention of US IRA accounts caught my eye. I wonder if this issue is clear: if I take a distribution from my IRA every penny of it will get taxed by the IRS as ordinary income. That is to say "at full rate".
If I don't transfer that money to Thailand is it assessable? Cannot be, right?
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