How can i pay my taxes if i have busnies on the internet like foreX trading.. they dont do it for us :( HelPP

how can i pay my taxes if i have busnies on the internet like foreX trading. or amazon store i have on my web site www.dove4.com they dont do it for us they always tell us to ask some one who has experience in doing taxes papers (foreX trading)please help me with that i dont know anything about taxes and i dont wana to get in trouble is there any one can help me with that?

Forex trading should send you some kind of papers showing the information needed to prepare your taxes. For the amazon store, you need to keep the records yourself of all of your sales and revenue, and any associated expenses like buying the items in the first place, fees you pay, and shipping.

You need to take all of the above info to a CPA or enrolled agent and have them prepare your tax return. This is not something you should take to a storefront tax place like H&R Block or Jackson Hewitt.

1. For reporting gains and losses for forex trading, you need professional help. How and where you report it depends upon type of trading. For more info
http://www.greencompany.com/EducationCen...

2. You web site business may be your self employed business. Its income and expenses are reported on schedule C (Form 1040). The net income is subject to SE tax of 15.3%. For this you file schedule SE (Form 1040).

I would advise you not to wait until tax time to see a professional. Failing to do so could result in unintended negative tax consequences.

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