Thai/Amercian Dual Citizen: Pre-Employment Document Question

[cyberbill]

Hi,

I will start my first day at my new job here in June. I wonder if I need to inform HR at my new firm about my American citizenship.

• My thoughts are that I only need to give them all the Thai documents that they ask (i.e. I.D., taxpayer I.D., transcripts, etc), since I am also a Thai citizen.

• But, in terms of duty as an American citizen, I only need to file and report the taxable income for exemption at the tax time next year. I presume I can use the Thai W-2 document to file American tax return, is this correct? Do Thais use W-2?

Would appreciate if anyone could share experience/advice.

Thanks!!!!!

[Richard4849]

A Thai employer will only be concerned about your Thai identity. There is no reason to give them anything related to your Thai identity.

Thai employers will have no way to report your income to the IRS; they do not use the W-2.

It's your responsibility to report your income to the IRS yourself.

[cyberbill]

A Thai employer will only be concerned about your Thai identity. There is no reason to give them anything related to your Thai identity.

Thai employers will have no way to report your income to the IRS; they do not use the W-2.

It's your responsibility to report your income to the IRS yourself.

Thanks Richard.

• If there's no W-2, what document (if any) do I send to the IRS when filing my U.S. tax return?
• Or....I just file the foreign income exclusion, and no need to send any supporting documents about my Thailand wage/income?

[Richard4849]

A Thai employer will only be concerned about your Thai identity. There is no reason to give them anything related to your Thai identity.

Thai employers will have no way to report your income to the IRS; they do not use the W-2.

It's your responsibility to report your income to the IRS yourself.

Thanks Richard.

• If there's no W-2, what document (if any) do I send to the IRS when filing my U.S. tax return?
• Or....I just file the foreign income exclusion, and no need to send any supporting documents about my Thailand wage/income?

You don't need to submit any supporting documents. Just insert your income numbers on the form and claim the foreign income exclusion.

[cyberbill]

A Thai employer will only be concerned about your Thai identity. There is no reason to give them anything related to your Thai identity.

Thai employers will have no way to report your income to the IRS; they do not use the W-2.

It's your responsibility to report your income to the IRS yourself.

Thanks Richard.

• If there's no W-2, what document (if any) do I send to the IRS when filing my U.S. tax return?
• Or....I just file the foreign income exclusion, and no need to send any supporting documents about my Thailand wage/income?

You don't need to submit any supporting documents. Just insert your income numbers on the form and claim the foreign income exclusion.

Thanks!

• I also want to sell some of my U.S. stock investments which are at loss. My broker in US is Charles Schwab who gives me 1099 at year-end.
• Is there anything I can do...so that this loss from U.S. investment is deducted from my Thai Income when I file the Thai tax return next year, so that i may get some Thai tax refund?

Appreciate your advice..thanks again!

[Richard4849]

A Thai employer will only be concerned about your Thai identity. There is no reason to give them anything related to your Thai identity.

Thai employers will have no way to report your income to the IRS; they do not use the W-2.

It's your responsibility to report your income to the IRS yourself.

Thanks Richard.

• If there's no W-2, what document (if any) do I send to the IRS when filing my U.S. tax return?
• Or....I just file the foreign income exclusion, and no need to send any supporting documents about my Thailand wage/income?

You don't need to submit any supporting documents. Just insert your income numbers on the form and claim the foreign income exclusion.

Thanks!

• I also want to sell some of my U.S. stock investments which are at loss. My broker in US is Charles Schwab who gives me 1099 at year-end.
• Is there anything I can do...so that this loss from U.S. investment is deducted from my Thai Income when I file the Thai tax return next year, so that i may get some Thai tax refund?

Appreciate your advice..thanks again!

I don't think that is possible. Since you are not taxed in Thailand on offshore income, I don't see how you can expect to get refunds in Thailand on offshore losses.

[Thanyaburi Mac]

A Thai employer will only be concerned about your Thai identity. There is no reason to give them anything related to your Thai identity.

Thai employers will have no way to report your income to the IRS; they do not use the W-2.

It's your responsibility to report your income to the IRS yourself.

Thanks Richard.

• If there's no W-2, what document (if any) do I send to the IRS when filing my U.S. tax return?
• Or....I just file the foreign income exclusion, and no need to send any supporting documents about my Thailand wage/income?

You don't need to submit any supporting documents. Just insert your income numbers on the form and claim the foreign income exclusion.

Thanks!

• I also want to sell some of my U.S. stock investments which are at loss. My broker in US is Charles Schwab who gives me 1099 at year-end.
• Is there anything I can do...so that this loss from U.S. investment is deducted from my Thai Income when I file the Thai tax return next year, so that i may get some Thai tax refund?

Appreciate your advice..thanks again!

FYI, one item to watch out for when you file with IRS is "self-employment" tax, even tho you're not self-employed. IRS & U.S. Social Security may still want their share. However, IF you are covered by your Thai employer's & Thai Government's equivalent to Social Security, you'd be exempt from paying that to IRS.

I think...., but check it out in any case.

Mac

[Richard4849]

Correct. I have never paid into social security while employed abroad by a non-American company.