Mark Anderson, US CPA in Thailand & US Expat Tax Help

  If you're retiring to Thailand with $40K–$80K in pension income, there's a tax strategy that could save you $3,000–$8,000 annually. Most retirees miss it entirely. For US retirees · Pension income $40K–$80K · Thailand residence · Updated 2025 The difference between retiring in California vs. Thailand with proper planning: $13,000 saved per year — $260,000 over a 20-year retirement. Most Americans who retire to Thailand spend the first year thrilled about the cost of living. The food is incredible, the healthcare is excellent, and their pension stretches three times as far as it did in Phoenix or Portland. Then tax season arrives. They file the same return they always have. They pay the same US taxes they always did. And they leave — conservatively — $4,000 to $8,000 on the table every single year. This article is about the structural tax situation for a US retiree in Thailand with $40,000 to $80,000 in annual income, the specific mistakes that cost money, and the optimal str...

  Three clients had their US bank accounts closed this month just for living abroad. Here’s why it’s happening — and the smarter banking setup for expats I recommend. By an Expat CPA  ·  8-Minute Read  ·  Expat Banking & Tax Strategy   This month alone, three of my clients received the same letter: their US bank account was being closed. No fraud. No unpaid balances. No suspicious transactions. The reason, buried in the fine print, was effectively this: “we are no longer able to service customers residing outside the United States.” For expats, this is increasingly common — and increasingly disruptive. Your US bank account isn’t just a place to store money. It’s how you receive Social Security, pension payments, and client invoices. It’s your lifeline when foreign ATMs fail. Losing it without a plan is a serious problem. Let me explain exactly why this is happening, which banks are doing it, and the multi-account banking strategy I now recommend to ever...