Re: Regarding the below thread "the trend to lower fees"

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Re: Regarding the below thread "the trend to lower fees"
Posted by sueharke of CA on 7/3/15 4:41pm	Msg #533859

I have prepared income tax returns for other notaries and when the cost of operating the car is greater than the actual income, I wonder why the person is still in business? Considering the cost of a business license, E&O, paper, printers, etc, the end result is a large net operating loss (NOL). At which point does the IRS consider a business to be a hobby? What are the costs of the notary to fight the IRS? Is this when there is one less notary taking low fees?

I don't know, but I see this happening to more notaries in the future.

Messages in this Thread
	Regarding the below thread "the trend to lower fees" - Frank/NC on 7/3/15 3:21pm
	Re: Regarding the below thread "the trend to lower fees" - Cheryl Elliott on 7/3/15 3:33pm
	Re: Regarding the below thread "the trend to lower fees" - ikando on 7/3/15 4:16pm
	Re: Regarding the below thread "the trend to lower fees" - sueharke on 7/3/15 4:41pm
	3 years. n/m - bagger on 7/4/15 9:30am
	Thanks, Frank. This is very insightful. I get lots of - MW/VA on 7/3/15 5:00pm
	Re: Thanks, Frank. Hooray! - notary4az2 on 7/3/15 5:08pm
	IMO they see the value of what we do, because they're - MW/VA on 7/3/15 5:39pm
	Re: Thanks, Frank. Hooray! - Frank/NC on 7/3/15 7:49pm
	Excellent discourse and presentation, Frank. n/m - Yoli/CA on 7/3/15 8:52pm
	Re: Thanks, Frank. Hooray! - JanetK_CA on 7/4/15 12:49am
	The notaries on here whining about what they do not - Belinda/CA on 7/4/15 12:19pm
	Hey, I'll work for $75 ... even $60 - BearPaw/CO on 7/4/15 3:39pm
	OMG - that is too funny. Start doing them for - Belinda/CA on 7/4/15 5:35pm
	Re: Excellent Insight, Frank! - Teri_PA on 7/5/15 7:16am
	Well said, Teri_PA! Great to hear from you! - JanetK_CA on 7/5/15 11:36pm
	Well said, Terry. I also think some of the posters here - MW/VA on 7/6/15 8:19am
	It hasn't even been mentioned here, but this biz like any - MW/VA on 7/6/15 8:22am

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