Where is the best place to live in the Albany, NY area? I've heard that Latham and Clifton Park are pretty nice, but Schenectady and Troy should be avoided.
When it comes to filing your taxes, Notaries must report Notary fees as ordinary income. What your instructor was likely referring to is the fact that Notary fees are not subject to Self-Employment Tax usually declared on IRS Form SE. You can find more information on this topic in Chapter 12 of theIRS Publication 17 (listed as âNotary Publicâ beneath the âOther Incomeâ category.)
Connecticut state law sets the fees that Notaries Public may charge for notarizations: The fee for any act performed by a Notary Public, in accordance with the provisions of the general statutes, is five dollars ($5.00) plus an additional thirty-five cents ($0.35) for each mile traveled.