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.
Which forms do I fill out for taxes in California? I have a DBA/sole proprietorship company with less than $1000 in profit. How many forms do I fill out? This is really overwhelming. Do I need to fill the Form 1040-ES? Did the deadline pass?
You need to file two tax returns- one Federal Tax Form and another California State income law.My answer to your questions are for Tax Year 2018The limitation date for tax year 15.04.2018Federal Tax return for Individual is Form 1040 . Since you are carrying on proprietorship business, you will need to fill the Schedule C in Form 1040Form 1040 -ES , as the name suggests is for paying estimated tax for the current year. This is not the actual tax return form. Please note that while Form 1040, which is the return form for individuals, relates to the previous year, the estimated tax form (Form 1040-EZ ) calculates taxes for the current year.As far as , the tax return under tax laws of Californa State is concerned, the Schedule CA (540) Form is to be used for filing state income tax return . You use your federal information (forms 1040) to fill out your 540 FormPrashanthttp://irstaxapp.com
Do I need to attach the tax form 1099-B to the form 1040 Schedule D?
This sort of question should be resolved by looking at the IRS’ official instructions for the tax form and year in question. You only need to attach such items as the IRS’ official instructions direct you to attach. Recently there has been a trend of requiring fewer attachments.For the sake of answering this specific question for this specific year, there appears to be no such requirement. The Form 1099-B was already reported to the IRS and the Schedule D instructions make no mention of attaching it. You may need to attach a “statement required under Regulations section 1.1(h)-1(e).” Id. lines 10 and 18.For actual advice on filling in your forms, consult a tax attorney or accountant.
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.
How do I fill out the BHU's form of B.Com in 2018 and crack it?
you can fill from to go through bhu portal and read all those instruction and download previous year question paper . that u will get at the portal and solve more and more question paper and read some basics from your study level .focus on study save ur time and energy .do best to achieve your goal .for more detail discus with gajendra ta mtech in iit bhu .AND PKN .good luck .
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