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Home » QnA

How should I file taxes for a cash only business?

Submitted by on March 19, 2010 – 12:49 pmNo Replies


A web user asks, I work in a cash only business. I made about 43,000 in cash last year. How much taxes will I be expected to pay? I am single with no children. I figure I need to file because I put 20,000 in my savings account this year and bought a house.

I know I missed the deadline for filing taxes. Is it possible to get an extension without getting penalized?

Can you help them out? Post your advice!

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