QUOTE(jumper @ Nov 27 2005, 09:20 AM) [snapback]603616[/snapback]
Hi all just found the site today and hopefully someone can help me.
I have lived in Thailand for 2 years and have been working the entire time. Next year about May I will live purely on interest income. I will also get married next. I know about the 400,000 baht for support of Thai wife. Which will be in the bank. I am also to young for a retirement visa.
My question. My money will be coming from overseas via e-gold etc.. routed thru a money exchanger.
How do I report this or do I? It will be income.
About US taxes also. I should pay someone taxes I guess to avoid future problems. I don't want to pay 2 governments.
If anyone knows of a tax lawyer or accountant familiar with Thai/US laws please provide contact details. I live in Bangkok.
At present I need someone who can speak English.
I wonder what you ever found about at this? I have been told the income only has to be reported depending upon where it was earned. I assume the US has something the same as this. In Canada if we live outside the country for a certain period of time each year and our income is earned off shore we do NOT have to pay Canadian income taxes on it...
With the world being so small these days with the net and so forth it's becoming harder and harder for countries to determine where income is earned from and what's actually income. I know of a few people that have formed off shore corps, Belize etc.. they have all their money deposited there and they withdraw it off anon debit cards.. there is no income tax in Belize and as they aren't earning the money in their home country and most of it is coming from off shore to their Belize corp it's pretty much impossible for the money to be traced.
But if you want to keep 100% legal talk to a tax lawyer in your home state and they will let you know what you have to claim.. it's actually pretty minor from what I've been lead to believe