Tax issues

geonex

hello

Can someone tell me about the tax issues.. like do we have to pay a taxes that for the income that we earn from the binary options....... if there is a taxes than how much do we have to pay a taxes coz the profit that we earn is not sure soo.... can any one explain about this one ...

BryanMac

Are you from the USA?

BryanMac

http://www.investopedia.com/articles/forex/09/forex-taxation-basics.asp

geonex

well i have send you a text message in your skype id i hope u will get it

lotzofbotz

Depend on your country example UK they don't charge taxes on betting/gambling in your country they might charge you up the @$$. There are many aspects to this so if you make any decent money then hire an accountant and take them out to dinner/lunch often! They are like golden geese worth their weight in GOLD...

dear123

Yes, there are some tax implications depending on the country you reside, some are tax free but some are not. Some traders receive money as transfers so it might be exempted depending on you declaration, that's why most traders use third party services like Skrill etc.

kehalcpa

Tax accountant with great expertise will help you.Go for it.