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 are very rarely able to make enough income to be self-supporting. Each state prescribes the maximum allowed notary fees which can range from $0.25 in some states to $ â¦ 10.00 in others. Many notaries also travel around and notarize loan documents and can get paid up to $100.00 for one of these signings.otaries are very rarely able to make enough income to be self-supporting. Each state prescribes the maximum allowed notary fees which can range from $0.25 in some states to $ â¦ 10.00 in others. Many notaries also travel around and notarize loan documents and can get paid up to $100.00 for one of these signings.