Moving to the United States can open the door to incredible opportunities—but it can also introduce a level of tax complexity many expats never expect.
In this episode of Abroad in America, Jimmy Miller steps back from individual tax rules and looks at the bigger picture: the most common mistakes expats make during their first two years living and working in the U.S.
Many newcomers assume the American tax system works like the one in their home country. Unfortunately, that assumption alone can lead to major reporting issues, missed filings, and costly surprises later.
Jimmy breaks down five patterns he sees repeatedly—from misunderstanding worldwide taxation and leaving foreign accounts unchanged, to hiring the wrong tax preparer or ignoring reporting requirements because nothing seems to happen.
He also explains why certain financial decisions that look smart in the short term—like contributing to traditional tax-deferred accounts—can create problems for expats who eventually plan to leave the U.S.
If you’re new to the United States or planning a move, this episode will help you understand the rules earlier, reduce stress, and avoid expensive mistakes.
In this episode you’ll learn:
• Why the U.S. taxes worldwide income once you become a tax resident
• How foreign accounts and investments can create reporting obligations
• Why many expats accidentally hire the wrong tax preparer
• The hidden risks of traditional 401(k) accounts for people who may leave the U.S.
• Why “no IRS letters” doesn’t always mean you’re compliant
Living abroad—especially in the United States—comes with challenges. But with the right awareness, you can avoid the most common pitfalls and focus on the opportunities that brought you here in the first place.