On January 27, 2023, we posted Should I Stay or Should I Go? - Expatriations Are Up In 4th Quarter of 2022 , where we discussed that the number of people losing or renouncing their U.S. citizenship rose back to over 1,000 in the period of October through December, from 748 in the third quarter, the IRS said in a list of those choosing to expatriate.
Now the number of people expatriated from the U.S. fell by about half during the first quarter of 2023 compared with the previous quarter, the Internal Revenue Service said in a notice released dated April 18, 2023.
From > 1,000 In The Previous Quarter of 2022, The IRS
Said In A List Of Those Choosing To Expatriate.
It also includes long-term residents who are treated as losing citizenship under IRC
Section 877(e)(2), the agency said. The number of people losing or renouncing their U.S. citizenship rose back to over 1,000 in the period of October through December, from 748 in the third quarter, the IRS said in a list of those choosing to expatriate.It also includes long-term residents who are treated as losing citizenship under IRC Section 877(e)(2), the agency said.
- Nearly 1 in 4 American expatriates say they are “seriously considering” or “planning” to ditch their U.S. citizenship, a survey from Greenback Expat Tax Services finds.
- About 9 million U.S. citizens are living abroad, the U.S. Department of State estimates.
- More than 4 in 10 who would renounce citizenship say it’s due to the burden of filing U.S. taxes, the Greenback poll shows.
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