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.)
A notary public must not charge or receive a fee for notary services over the maximum amount prescribed by state notary laws. A notary public must check state notary laws for the prescribed fees a notary public may charge in the performance of a notarial act. Am I required to post a fee schedule.