What is the earliest time in the year I can fill my taxes (1040) with the IRS? January 1?
If you file on paper, you can file as soon as the IRS releases the official versions of the tax forms you need for the tax year.If you file electronically, you can usually file a return as soon as the electronic return originator (ERO) is up and running - but the return will usually be held by the ERO until the IRS is ready to accept them, which is usually around the middle of January. You won't necessarily see your electronic return processed any faster if you file before the IRS is ready than if you wait until the IRS is accepting returns.
Is there a rule in preparing the 1040 schedule d regarding a continuation sheet where you can list totals and mail a detailed schedule to the IRS?
Yes. From http://www.irs.gov/instructions/...."Instead of reporting your transactions on Schedules D and D-1, you can report them on an attached statement containing all the same information as Schedules D and D-1 and in a similar format. Use as many Schedules D-1 or attached statements as you need. Enter on Schedule D, lines 2 and 9, the combined totals from all your Schedules D-1 or the attached statements."Most of the major brokerage firms now include this detail as part of the statement, and it's usually in a form acceptable to the IRS. If you file electronically, the statement must be attached to Form 8453 and mailed to the IRS within three business days from when your return is accepted - most E-file providers and software packages have a way to generate this form when it's needed.
For a resident alien individual having farm income in the home country, India, how to report the agricultural income in US income tax return? Does the form 1040 schedule F needs to be filled?
The answer is yes, it should be. Remember that you will receive a credit for any Indian taxes you pay.
Is a US non-resident alien for tax purposes, who needs to fill out a 1040NR, forced to report their worldwide income, just like US citizens and residents do on their 1040?
No. Income not effectively connected to the US business / trade means non-business income sourced from the US, such as rent, dividend, interest etc. Some of the US income may not be subject to tax at all even they are sourced from the US.Whether your LLC/you is a US person should depend on your physical location, duration of your stay in the US, your permanent establishment, and where your LLC incorporated. It could be complicated and need more information to determine.
As an independent contractor, do I still need to submit a 1040 if I filled out a 1099 for my payer?
You did not “fill out a 1099.” The businesses that paid you may be required to provide you with a Form 1099-MISC documenting how much you were paid. A copy of that goes to the IRS and possibly your state Department of Revenue and they will be looking for that income on your tax return.The law requires you to keep accurate business records and to use those records to prepare and file your tax returns. Use any 1099s as a sanity check that the numbers are correct and get them corrected if they are not.As a self-employed business, you file a Form 1040 return and attach Schedule C to report the business revenue and expenses. If the net profit is $400 or more, you attach Schedule SE to figure the 15.3% self-employment tax.From the way that your question is worded, you need professional assistance and you need it now. Find a CPA or EA who can get you on track.
The IRS sent me a form 1065, but I am a sole proprietor. Do I ignore this form and fill out a schedule C?
I would assume that you applied for an employer identification number and checked the partnership box by mistake instead of sole proprietor. If this is the case, this requires you to obtain a new EIN.If you properly filled out the application for an EIN, you can ignore the 1065 notice.Your EIN acknowledgement letter from the IRS will state what type of return they expect you to file under the EIN.
I prepaid some amount of money before submitted formal tax return, in case IRS will charge me tax penalty if withhold is less. But I forgot to put this amount in my 1040. How can I reclaim this amount? Should I fill 1040X?
You should be able to obtain a refund without submitting an amended return. It is possible that they will send you the overpayed amount automatically.Otherwise, try calling the IRS and explaining the situation.Another thing that may be helpful is to get an account at the IRS website to see a record of all your payments, and current balances.