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Latest posts...
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13
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224
Must Read Its Happening - Law to Tax Overseas Income Now in Progress
I'm doing exactly the same thing. Technically they should not tax the money I remitted to Thailand this year because it was earned in past years. But how do I prove that to them? So I'm also opting for the "better safe than sorry" approach by spending less than 180 days in the country this year. -
5
[QUIZ]US Politics - Post WWII
I just completed this quiz. My Score 20/100 My Time 155 seconds -
37
These Days: Can ANYONE even imagine BIDEN with another 4 yrs in the White House?
True. Harris currently being instructed what to say in the debate. -
5
Wear a mask in the Cheang Wattana Immigration Building
last Friday. afternoon session. now feels like mild-Dengi, but it is not. Just a phookin' virus. Get your "ticket" and get out immediately! Come in only when it is your time. PS: avoid CW food court at all costs! -
91
Why is Trump Really Running for Office Again?
Awwwww, isnt that cute, here comes the sandbox. All you have. -
224
Must Read Its Happening - Law to Tax Overseas Income Now in Progress
Great. Then bargirls who are receiving remittances from their overseas boyfriends should be flagged by TRD, as you suggest. Except, this is Thailand. When I hear about bargirls being audited by TRD, I will file my tax return. -
224
Must Read Its Happening - Law to Tax Overseas Income Now in Progress
I presume you are filing a tax return in Thailand, and have for 20 years. But.... You don't work in Thailand, and Remittances haven't been taxable until now, and Therefore, the only reason to file a tax return is because you are receiving interest in a bank account sufficient to warrant filing a tax return to try to get a refund. Most people are not in that situation. -
224
Must Read Its Happening - Law to Tax Overseas Income Now in Progress
I don't think it is likely that the TRD will seek to tax undistributed income within US IRA and 401k accounts, although I don't think there is anything in the US-Thai DTA that expressly precludes it. I think it is technically a possibility, but I don't see it as likely. But who knows? I tend not to underestimate the capabilities of the TRD if they want your money, Somchai or not. I have heard people who have been audited say that the Thai tax net isn't very wide, but it is very deep. I think that the TRD has the ability to obtain transaction data from the BoT with respect to inward foreign remittances. Somchai won't find anything, but the TRD computers might. But I don't think the TRD has the resources or perhaps the political will now to chase bargirls upcountry with foreign remittances. -
78
Do you know (Americans SS) to change ?
Congrats for that! Charles Schwab has similar benefits for their wealthier account holders. But re Chase, as I was saying above, NOT for their regular run-of-the mill consumer checking accounts.- 1
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105
White House Condemns Tucker Carlson’s Interview with Holocaust Denier
Too much of free speech! White House comments on some ex-journalist's interview. Obviously pre-election campaign. How pathetic! What's next? Lloyd Austin's coming out? -
45
U.S. Topic -- Clarification sought about starting Medicare Part B upon repatriation
@GinBoy2 Hey, can you clarify a couple things re your comment above? --When you say "emergency" coverage, I'm assuming that means for things like accidents and such? Not that you go to the doctor for tests and find out you have cancer, right? --Is the $500,000 a lifetime policy cap for that coverage, and did you really mean $500K? That seems very high. I've seen other mentions of Medicare Advantage overseas coverage that talked about a $50,000 maximum overseas benefit. -
224
Must Read Its Happening - Law to Tax Overseas Income Now in Progress
it might be enforced rarely, but personally, i wouldn’t take it lightly if i committed tax evasion, even if i am only low-profile case. i prefer to follow the rules, and i’m confident it will pay off. the past 20 years in thailand confirms me that this is the right approach for the next 20 years ... -
5
[QUIZ]US Politics - Post WWII
I just completed this quiz. My Score 30/100 My Time 190 seconds -
78
Do you know (Americans SS) to change ?
It all depends on one's relationship level. I am Chase Private Client level, so all my outgoing SWIFT wire xfers are free (no fees), and Chase also refunds the 220B ATM transaction fees whenver I withdraw cash using my Chase debit card.
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