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.)
Best Answer: General rule: Three years from the date the return was filed or three years from the due date whichever is later. Six years if your income is understated by 25% or more. This means income, not taxable income or tax due.The burden of proof is on IRS to show the understatement.No limit if there is fraud.ix years if your income is understated by 25% or more. This means income, not taxable income or tax due. The burden of proof is on IRS to show the understatement.