Today the Treasury Department published the names of individuals who renounced their U.S. citizenship or terminated their long-term U.S. residency (“expatriated”) during the first quarter of 2014.
The number of published expatriates for the quarter was 1,001. This is the second highest quarterly number of published expatriates ever and is only surpassed by the second quarter of 2013. For a discussion of how the IRS compiles the data, see this post.
Last year there was a record setting 2,999 published expatriates. With just over 1,000 expatriates in the first quarter, 2014 may very well set another record. However, as can be seen from the graph below, the quarterly numbers can vary dramatically.
Below are two graphs which reflect the latest expatriation data. The first graph shows the quarterly number of published expatriates since 2008. The second graph shows the quarterly average of published expatriates per year through the first quarter of 2014.
For our prior coverage of expatriation, see all posts tagged Expatriation.