- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Does anyone know where on a Schedule C I can show the amount of notary public fees that are not subject to SE tax? I have both income subject to SE tax and not subject to SE tax for a small notary business.
Thanks
Best Answer Click here
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Curiosity… what notary fees are not subject SE tax?
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
https://www.irs.gov/individuals/international-taxpayers/persons-employed-in-a-u-s-possession-territo....
Notary income
Fees for services you provide as a notary public are not subject to self-employment tax. However, all of your other self-employment income is subject to self-employment tax.
Example: X is a self-employed attorney and also a notary public. Only the income that X received for services performed as a notary is not subject to self-employment tax.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On the schedule se adjustment worksheet part two line 9
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@Skylane wrote:
Curiosity… what notary fees are not subject SE tax?
The actual notarization fee itself, in CA we can only charge $15 per signature on most signings.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thanks.