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.)
The quick and simple answer is that attorney fees for personal legal matters, such as divorce, are not tax deductible. However if your attorney fees are a business expense, then they are fully deductible. The general rule is that you can deduct attorney fee's that you pay for if:1  Trying to produce or collect taxable income. 2  To help determine, collect, or obtain a refund of any tax.owever if your attorney fees are a business expense, then they are fully deductible. The general rule is that you can deduct attorney fee's that you pay for if: 1  Trying to produce or collect taxable income. 2  To help determine, collect, or obtain a refund of any tax.