Most green card holders and new entrants to the US become victims of the harsh US tax and disclosure rules that apply to non-US bank accounts, investments, structures and income. Reading this book early in the immigration process will help avoid the unnecessary cost and unpleasantness of falling foul of these rules.

Easy to read, it covers the key elements of how and when people become US taxpayers; the practical consequences of becoming a US taxpayer, including advice on pooled funds and other investments that aren’t suitable for US taxpayers; advice on trusts and other structures that aren’t suitable for US taxpayers; planning for transition to US taxpayer status; disclosures required for non-US bank accounts and investments; the interaction with FATCA, Tax Treaties, and more.