Tuesday, April 26, 2022

Should I Stay or Should I Go? - Expatriations Are Up In 1st Quarter of 2022

The number of people who expatriated from the U.S. rose during the first quarter of 2022 compared with the previous quarter, the Internal Revenue Service said in a notice released Monday.

The number of people losing or renouncing their U.S. citizenship rose to 571 in January through March, from 488 in the final quarter of 2021, the IRS said in a list of those choosing to expatriate. 

Expatriation Is The Term The IRS Employs For Loss Or Renunciation Of U.S. Citizenship Under Internal Revenue Code Section 877(A) And Section 877A, The Notice Said.

Expatriation has increased significantly in 2020. 

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 
Toll Free at 888-8TaxAid (888) 882-9243

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