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Todd ********
This is a summary of
Todd ********
's contributions to the platform. They have posed 2 questions and added 5439 comments.

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COMMENTS

Todd *********
there is no requirement to do so. And no obligation to hold it
Todd *********
@Doug *******
yes - this is an effective way of managing. All they need proof of is ‘onward travel’. Not only return tickets. Not only airlines tickets. Just onward travel as you provided
Todd *********
@Tiffany *********
no idea. But I suspect that the IRS takes a dim view of offshaore employees for American companies
Todd *********
@Tiffany *********
there is no personal tax liability if you stay less than 180 days per year
Todd *********
@Steve **********
it’s not always the case, but seems to depend on location of origin and the airline. I was denied leaving LAX last year by Qatar airways, and several people on same flight. Had to buy on the spot.

It’s wise to do as you are and at least be prepared with proof of onward travel just in case.

I only fly one way tickets, but sometimes you run into a problem. It’s rare though
Todd *********
@John *****
it’s definitely true. But not every airline. And not every country
Todd *********
@Steve **********
you won’t likely be boarding your flight in USA without proof of onward travel.
Todd *********
@Griff ******
all true. But what are you saving it in the Scwab account for? Maybe something significant. But i saved for a fun retirement. And Thailand gets fantastic luxury for a great price. You can't find that in many countries. May as well enjoy
Todd *********
@Eric ******
still a great price. Gets you a massive penthouse in BKK?
Todd *********
@Tiffany *********
yes, and if you become tax resident of Thailand (stay 180 days) then defer to the Thailand - IRS tax treaty for any tax liability here for you personally. If under 180 days - no issue. But i was referring to your company's tax liability IF they have employees in Thailand (or anywhere). Uncle Sam always wants his share