83. Moving to America: Avoid These Costly US Tax Mistakes with Pre-Immigration Planning

Expat Wealth - Cross-Border Financial Advice for Expats in America and Americans Abroad · Apr 23, 2026 · 1h 1m

For those moving to America, knowing what needs to happen before becoming a US tax resident can save you a lot of money. The opportunity can be enormous, but so can the tax mistakes. From foreign mutual funds that trigger punitive PFIC taxation, to offshore companies that become highly inefficient in the US, to pensions, trusts, and inheritances that create unexpected reporting obligations, many expats arrive without realising how quickly their existing financial setup can become problematic once they enter the US tax system.

Richard Taylor – dual UK/US citizen and Chartered Financial Planner…