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.
The Number Of People Losing Or Renouncing Their U.S. Citizenship Dropped to 536 For 1st Qtr of 2023.
Said In A List Of Those Choosing To Expatriate.
The number of people losing or renouncing their U.S. citizenship dropped to 536 in the period of January through March, from more than 1,000 in the fourth quarter of last year, the IRS said in a list of those choosing to expatriate. The list includes those losing U.S. citizenship under Internal Revenue Code Section 877(a) and Section 877A , the notice said.
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.
The list includes those losing U.S. citizenship under Internal Revenue Code Section 877(a) and Section 877A .
It also includes long-term residents who are treated as losing citizenship under IRC Section 877(e)(2), the agency said.
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It also includes long-term residents who are treated as losing citizenship under IRC Section 877(e)(2), the agency said.
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?
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I don't know what's going on in America, but taxes and prices have skyrocketed. I believe the rate has gone up, not down, after my discussions at Auto Accident Lawyers How much population is abroad in the US, what does 100 people matter.
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