Cincinnati Ohio Form 8854 2024-2025

Cincinnati Ohio Form 8854: What You Should Know

Dear Tax Assessor; I am preparing my taxes this year and do not want to do it the old-fashioned way — “My taxes as I did my last one.” I do not plan on taking out any of the deductions I did in my last two years of taxes. When I was in college I took advantage of the student loan interest free rate after I graduated. I have no money left over to pay taxes on. I'm thinking if I pay the minimum tax of 10% and put that back into my account a little towards other deductions then I can file my taxes when I have a little more and have to pay another 10%. Furthermore, I have taken a little of the 25,000 of student loans with my pay for the first two years and the remaining balance of the loan amount is gone when I file. Furthermore, I have been in the military the last 3 years, so I have over 20,000 of military based expenses that I currently used to take tax deductions. My question is: The “Expatriation tax” was passed by Congress in 1986 that is intended to encourage American expatriates to “voluntarily” return to their home countries as an incentive to get them to return to their country of residence as a permanent resident, as well as to encourage U.S. companies to hire more non-citizen workers in their home countries, because they “work really hard at it.” The idea of allowing expats to “expat” has raised a lot of concern from many people. One of the main concerns expressed in the past is the threat to national security of someone like Osama bin Laden or other “suicide terrorists” deciding to use this new tool to return to their home countries to take advantage of generous tax breaks (a better wage, free health care, etc.)  Are there any specific measures that the U.S. government (U.S. Treasury & FBI) have taken against returning terrorists or individuals that are believed to be planning to do so and have already been living in the U.S. for a number of years? A quick google search will take one to numerous places that tell anyone who'll listen about how this is a very dangerous, and probably very expensive decision. It is also, of course, all very subjective (some people like to see a “doll” or person get on a plane, others not).

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