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.)
Personal expenses and legal fees for personal situations are generally not tax deductible. Legal fees for actions that result in taxable income may be tax deductible. Unless being paid by a business as ordinary and necessary business expenses, fees associated with an immigration petition likely are not tax deductible. More information is available in Publication 17, free from the IRS at www.irs.gov .