mudcat

I have always maintained that the reading material that Thai people are most interested in are menus.

As we all know, Thai Personal Income Tax is self-reporting, so it is up to you and your tax advisor to determine where pensions are taxed. My reading is that dual-nationals pay taxes on pensions received in the country of residence, you believe that sub-paragraph b stating that dual-nationals pay tax in state of residence does not apply to dual-nationals. For me this is academic as my wife is not be eligible for part of my government pension, so I defer to your interpretation for your spouse's tax liability.

The Thailand/U.S. tax convention treats Social Security benefits and Government service pensions in two adjoining articles - 20 and 21. I based my comment that Thai/U.S. citizens beneficiaries of a government pension (such as mine from a local water utility) they, as a Thai national would have the pension taxed in Thailand rather than the U.S. In her case she will not be receiving her 50% of my pension as we married after we retired, so the difference is academic and we get the benefit of my government service pension while I am alive and she needs to struggle along on the ThB65,000 Social Security survivor benefit. Should you be reading the convention differently I suggest that you do a close reading of the relevant sections I posted earlier in this thread. TAX CONVENTION - ARTICLE 21 Government Service 2. a) Any pension paid by, or out of funds created by, a Contracting State or political subdivision or a local authority thereof to an individual in respect of services rendered to that State or subdivision or authority shall be taxable only in that State. b) However, such pension shall be taxable only in the other Contracting State if the individual is a resident of, and a national of, that other State.

This is incorrect. U.S. Social Security is taxable only in the U.S. by treaty and that includes the survivor benefit my wife (a Thai-U.S. citizen) who because of her low income will pay no taxes to either Thailand or the U.S This differs from my government pension which is taxed only in the U.S. for me but would have been taxable in Thailand for my wife. Take a look at the attachment Convention and explanation for Articles 1, 20, 21.docx

My initial thought when I had difficulty walking without pain was 'hip replacement'. My GP immediately diagnosed it as spinal stenosis based on the relief I experienced from bending forward at the waist that was confirmed by a MRI. A few staples and some scraping later I was mostly better.

Toyota is continuing to expand and refine its Hybrid options, no longer is it Prius only, but over their full range. The Yaris Cross are available in three flavors around your price point. https://www.zigwheels.co.th/en/new-cars/toyota/yaris-cross/specifications#sec-variants

I describe this 'double exemption' as belt and suspenders. I have been retired for many years and have two principal sources of income both exempt under the U.S. Thailand tax convention, my U.S. Social Security (Section 20.2) direct deposited here into my Bangkok Bank account for living expenses and my U.S. government entity pension (Section 21.2) which is deposited into my U.S. checking account for credit card, atm, or investments. Anything I remit to Thailand is exempt based on my LTR-WP visa. Anything I transfer to my wife in the U.S. or Thailand is covered by exemptions under the Thai Revenue Code Section 42 paragraph 10 (inheritance) or paragraph 27 (maintenance and support)

I did manage in October 2022 to get BOI to accept my Roth IRA which was well in excess of the $100,000 requirement. I plan on re-submitting this account upon renewal and seeing if they accept it as it is part of my estate planning portfolio and does not get touched. I did make a point of pointing by including a plan description out that a Roth IRA is a liquid account with no taxes due or early withdrawal penalties. My brokerage statement includes a 3-year look back chart on the first page of the statement which may have convinced them the money was available had been available over time. I also have a Pacific Cross policy that qualifies, but given the uncertainty of being able to maintain that policy should I ever cost Pacific Cross real money I would prefer to have BOI accept real assets rather than a marketing promises on a Thai Insurance company brochure.

You truly can't make this stuff up - Big Joke returning on April Fool's Day. We knew April first in San Francisco as St. Stupid's Day https://brokeassstuart.com/2023/04/06/st-stupids-day-parade-2/

The IRS allows a widow/widower to file jointly in the year of their spouse's death. The power of attorney allows the surviving spouse to obtain assistence from the agent.

Use of Power of Attorney (PoA) by a U.S. Expat to file U.S. taxes. As an older expat with a Thai-U.S. wife I had been relying upon my existing (and older) general power of attorney to have a trusted friend to file our U.S. taxes if I am unable. I do not believe that my wife would be able to file U.S. taxes for us so I have executed new Powers of Attorney for us that meet the IRS's standards. The right of an expat to have an agent file individual or married filing jointly taxes is contained in 26 CFR § 1.6012-1(a)(5). To be effective I have prepared mirroring Bangkok Embassy PoA forms each of us giving two trusted individuals who can get our taxes prepared and then sign and file them. 26 CFR § 1.6012-1(a)(5).docx Template POA for taxes.pdf MCLR_Signing_a_Tax_Return_for_Someone_Else.pdf

One of the reasons for a required over night stay is the hospital can charge the insurance company at their rack rate. Important if your policy is inpatient only where you might request a itemized estimate. Scheduled a colonoscopy at our provincial hospital and was given the option of overnight stay prior to the procedure or one day service. Chose the overnight stay as would not want to get caught short on the hour drive.

I have a question about the 'inheritance' of tax exemption and onward transfers to my spouse. I receive two income streams that both taxed in the U.S. but are tax exempt under Thai/U.S. tax conventions Section 20 and 21. U.S. Social Security (remitted to Bangkok Bank in Thailand) A local government pension in the U.S. direct deposited into my U.S. checking account. From these funds I transfer money to my Thai/U.S. wife for support and savings in both Thailand and the U.S. Needless to say these amounts are <20 million Thai Baht per year, but well in excess of her personal tax exemption. Does my wife have any tax liability for these funds?

N is Neutral, E is Earth, another name for Ground

I have found this type of meter to check wiring errors and to monitor voltage drops. I take it around to each outlet to check for live neutral reversals and missing grounds. There is no way to test fixtures such as lights but it may reveal issues in your wiring. https://www.lazada.co.th/products/gfci-rcd-tester-48v-250v-tester-tester-socket-tester-ht107-i4975561433-s21238702374.html

Besides Social Security benefit statements or contact information one might see if Insurance documents would suffice (vehicle, life, health, etc.) to establish residence address as most us English in their addressing fields. I had considered Schwab as my backup should my current financial institution kick me to the curb. I rely on beneficiary statements for retirement and other brokerage accounts as well as bank accounts to get money to my wife or my stepson should my wife and I co-decease (through a trusted U.S. person). This document is institution specific, but is pretty comprehensive as to terms and limits. https://www.chase.com/personal/investments/learning-and-insights/article/what-is-a-beneficiary-and-what-is-the-importance-of-adding-one-to-your-account#:~:text=A beneficiary is an inheritor,beneficiaries to a single account. Grabbed the wrong link: https://www.chase.com/personal/investments/learning-and-insights/article/how-to-title-your-assets

Besides Social Security benefit statements or contact information one might see if Insurance documents would suffice (vehicle, life, health, etc.) to establish residence address as most us English in their addressing fields. I had considered Schwab as my backup should my current financial institution kick me to the curb. I rely on beneficiary statements for retirement and other brokerage accounts as well as bank accounts to get money to my wife or my stepson should my wife and I co-decease (through a trusted U.S. person). This document is institution specific, but is pretty comprehensive as to terms and limits. https://www.chase.com/personal/investments/learning-and-insights/article/what-is-a-beneficiary-and-what-is-the-importance-of-adding-one-to-your-account#:~:text=A beneficiary is an inheritor,beneficiaries to a single account.

I note there has been some discussion of substituting investment earnings (dividends and/or capital gains) or an annuity for the Wealthy Pensioner thresholds. I am not including annuities as I steer clear of products sold by insurance agents. Assuming 2.5%, 5%, and 4.3% (10-year T-Bill) yields: Invested Yield Pct LTR Threshold $3,200,000 2.50% $80,000 $1,600,000 2.50% $40,000 $1,600,000 5.00% $80,000 $800,000 5.00% $40,000 $1,860,500 4.30% $80,002 $930,250 4.30% $40,001 Am I missing something or are people willing to tie up considerable sums of their own money to qualify for a LTR-WP visa? As a Social Security recipient and a government agency pension I am finally made aware of the value of my income stream that is separate from my investment accounts (Roth IRA and Brokerage account)

Re Yearly Report: I sent this off to BOI: Good morning, I am a LTR-WP visa holder (No. xxx/xx). I note that your website has added procedures to make annual reports to immigration. I request that BOI and Immigration make accommodation to LTR visa holders who live outside of Bangkok as reporting the One Stop Service Center requires a special trip to Bangkok including two 6-hour bus trips and at least one night stay. While this would not be difficult today, as a 75-year old I worry about my ability to make such a trip as I get older. I had understood that the ability to make my annual report to Immigration could be accomplished at my provincial Immigration office in Buriram which is less than an hour away. Has there been any progress in allowing local reporting as TM95 appears to permit. Note: I did not need to report this year because I was out of the Kingdom on a trip back to the United States and, because of planned travel in August-September, I probably will not need to report until 2025. Their response a few days later: Greetings from the LTR Visa Unit. If you have recently returned to Thailand and have not stayed for a full year, you are not required to complete the one-year report. You can contact the Immigration Bureau near your area to inquire about the availability of the one-year report service. So, it is off the Buriram Immigration to see what they say, otherwise off to Cambodia or Laos for a border bounce.

Does anyone have a link to the Thai language U.S.-Thailand tax convention? Putting a package together for my local RD staff and I would prefer to establish that my Social Security and local government pension are not assessible income in their native language.

My pink ID and tax ID use the same number. RD and Amphiur are on the same office floor but the ID was issued two tears prior to the tax ID and I am sure I presented the ID to the RD ladies.

I applied for and received my new U.S. passport before applying for my LTR-WP as I didn't want to deal with a new passport mid-way through the 10-years. I would recommend getting your immigration issues dealt with before applying as they will certainly arise if not at BOI then when you present your passport to OSSC .

Forgot to mention that 'controller of property' are solution limited to minors and persons of diminished capacity.

The person we chose is our nephew. We have helped him over the years with small gifts and assistance while they was putting their son though university so we know he has the experience to help where needed and would make sure there was money available for education expenses.

The following is a contingency set up by my wife for her granddaughter the offspring of an unregistered marriage between her son and the girls mom. The amount of money and land should this contingency come to pass is considerable - as a westerner I though 'trust' but here the best option is controller of property: Should my son, aaaaa, predecease me or die within 60 days of my death I give his share of my assets to my granddaughter, bbbb. I appoint cccc to be controller of property ! leave to bbbb. Property left to her, both real and personal, is to be used solely for her individual needs and benefit until she reaches her majority at 2O-years old and assumes control of her property.