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.)
Notaries charge a modest fee for this service. Fees charged often depend on where you get a document notarized. Many states set maximum allowable charges, and notaries can charge any amount up to that maximum (and they can also charge nothing at all). In many cases, notarial charges are between $2 and $20 per signature.