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You Are Tired of Trump 2.0.
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That The Republicans Now Control the House & the Senate.
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Are You Sick of Liberal Democrats Trying to Revise Society or
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Maybe You're A Naturalized U.S. Citizen Or Permanent Resident Who Has Prospered Here, But Would Now Like To Move Back The Old Country For Retirement or toStart A New Venture?
You Might Want to Consider Expatriation?
The Internal Revenue Service said in its notice that the number of people who expatriated from the U.S. increased nearly 24% during the third quarter of 2024 compared with the previous quarter.
The Number Of People Losing Or Renouncing Their U.S. Citizenship Increased to 1,278 For the 1st Qtr of 2025.
A 200% Increase From The 4th Quarter of 2024.
Included on the list are those who lost U.S. citizenship under Internal Revenue Code Section 877(a) and Section 877A, according to the notice, as well as long-term residents who are treated as losing citizenship under Section 877(e)(2).
According to CNBC the top reason why Americans abroad want to dump their U.S. citizenship include:
- 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.
Should I Stay or Should I Go?
Need Advise on Expatriation?
Contact the Tax Lawyers at
Marini & Associates, P.A.
for a FREE Tax Consultation contact us at:
www.TaxAid.com or www.OVDPLaw.com
or Toll Free at 888-8TaxAid (888) 882-9243
or Toll Free at 888-8TaxAid (888) 882-9243
Read more at: Tax Times blog
