There's some great facts above, but I just thought that I should add this. We just did this in my psychology class.
The only connection between the taste buds and the olfactory cells (smelling cells) is through the brain. There are on 5 things you can taste (bitter, sweet, sour, spicy, and umami (protien)). So, if you plug your nose and close your eyes, you shouldn't be able to recognize what you're eating by the taste (you normally can feel the texture).
This is a great site to visit to learn more:
http://www.senseofsmell.org/Oh, and also, your sense of smell is connected to memories too.
The pathway of smellingin through the nasal vestibule (nose hole) -> into the nasal cavity -> up to the olfactory sensory cells ->up to the olfactory bulb -> to the brain!


I hope I helped. If you want me to go more in-depth, I can, but I didn't want to give the whole project to you.
“Nobody important? Blimey, that’s amazing. You know that in nine hundred years of time and space and I’ve never met anybody who wasn’t important before.”
— The Eleventh Doctor