US Citizens are renouncing their citizenship at a record pace.  In the third quarter of this year, 1,376 people renounced their U.S. citizenship.  Data from the Treasury Department shows that the annual total is on track to top 2016, when just over 5,000 people renounced.

You can see the full date at bloomberg.com

Considering Renouncing your U.S. Citizenship?

There are many things to consider before renouncing your U.S. citizenship.  If you would like to find out more, please contact our office for a free consultation.

GIVING UP YOUR US CITIZENSHIP

Are you thinking about renouncing your U.S. citizenship?  This Free eBook teaches you the tax implications and other crucial information you need to know before beginning the process of renouncing your citizenship.  The eBook highlights both the penalties and caveats of expatriation, as well as tips on how you can receive relief and exemptions from your burden.