Do I need TIN for my children for filing taxes this year?

Does your wife have an EAD (work authorization)? If so, then apply for an SSN for her through the Social Security Administration. If not then apply...

Can I claim foreign earned income exclusion for nonresident alien spouse treated as resident?

It sounds like you made a 6013(g) election for your spouse. If so then she is a resident for tax purposes. Short answer is yes to (A). Not sure...

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As a non-resident alien, owning a company overseas, am I subject to U.S income tax?

If you're the only member of the LLC, then all gross income or net profits (depending on whether you made an S-corp election) flow to your personal...

You do not need to fill out a W-8BEN since you are a US resident for tax purposes also. You need to fill out a W-9.

It can affect your adjustment of status. As part of the good moral character requirement, you'll need to submit 5 years of your most recent tax...

I do data entry etc. and will make ~3K but it's not my main source of income. So could I still report it as hobby income?

It's most certainly not a hobby. Either report it as wages (if you received a W-2) or on Schedule C (if you received a 1099).

How long does it take IRS to generate a transcript for a late filing?

The wage and income transcript may take a little longer than the account transcript. If you just want to document that the return has been...

What is the tax implications of selling a home in india and moving the proceeds to the US?

It's not the transferring of the money that causes it to be a taxable event; it's the underlying transaction. You pay capital gains tax when the...

Looking for tax advice related to setting up an LLC . My partner will be based in UK, would there be any UK tax applied?

This would be a good question for an attorney in the UK.

What can i do about the issue

You will need to adjust the W-4 with your employer.