Taxes on cashed-out L$?

Now that I'm starting to turn enough profit to cash out my L$, I'm wondering what to do for taxes. This is important to me because I'm using my SL profits to make a real-world living. Do I have to calculate the taxes myself, does Linden Labs have some policy in effect I'm not aware of, or what?

Thanks for your time.

EDIT: I was refering more to the needed forms than "what to do next". Other online sources of income I've delt with sent me tax forms detailing my earnings with them (Though I can't remember which forms they were...) I can, of course, calculate my gross earnings myself, it's just tedious and wanted to know if there was an easier way. Thanks for the replies.

Hi Maya, this is something we'd encourage you to ask a lawyer about. We can't give specific legal advice in this area, since the legalities will vary depending on where you live, in addition to other circumstances. Besides the Terms of Service, we don't have a policy on "what to do next".

Once L$ is exchanged via LindeX, the US$ can be treated the same as any "real-world living" funds. While money can be a personal matter, you may wish to discuss with other Residents earning a living from Second Life how they go about it, for more ideas.

Best of hope.