Join  |  Login  |   Cart    

Notary Rotary
Just PoliticsLeisure
Welcome to the Notary Talk General Discussion Forum. Before posting, please read the


Re: notary self employment tax
Posted by  Yoli/CA of CA on 4/5/24 12:05pm Msg #648175
I do my taxes with TurboTax and I didn't notice any changes on the exemption for self employment tax. You may want to point your CPA to the IRS website:

http://www.irs.gov/individuals/international-taxpayers/persons-employed-in-a-u-s-possession-territory-self-employment-tax

Scroll down to "Notary Income" and keep in mind that we can only exempt the $15 per notarized signature that we're allowed to charge in California. Travel/accommodation/extra services, etc. are not exempt. In other words, if you're paid $150 for a signing and there's only 4 notarized signatures in that package, you can only exempt $60 for that signing (4x $15 = $60).

PrevNextReturn to General Discussion    Post a Public Reply to this MessageSend Author a Private Message


Messages in this Thread
 notary self employment tax - Gavina Franklin on 4/5/24 11:14am
 Re: notary self employment tax -  Yoli/CA on 4/5/24 12:05pm
 Re: notary self employment tax - NJordan/IA on 4/5/24 12:22pm
 So that's the gotcha if state doesn't set max. N fee?? n/m - Lee/AR on 4/5/24 1:27pm
 Re: notary self employment tax - Gavina Franklin on 4/6/24 9:30am
 Re: notary self employment tax -  Yoli/CA on 4/6/24 10:32am
 Thank you, Yoli...seems clear as day - Linda_H/FL on 4/6/24 8:39pm
 Re: Thank you, Yoli...seems clear as day -  JanetK_CA on 4/6/24 10:34pm
 Re: Thank you, Yoli...seems clear as day - VT_Syrup on 4/7/24 7:50am
 Re: Thank you, Yoli...seems clear as day -  Doris_CO on 4/7/24 4:26pm
 Re: notary self employment tax - Jules on 4/8/24 2:33pm



 
Find a Notary   Notary Supplies   Terms   Privacy Statement   Help/FAQ   About   Contact Us   Archive  
 
Notary Rotary™ is a trademark of Notary Rotary. Copyright © 2002-2024, Notary Rotary, Inc.  All rights reserved.
500 New York Ave, Des Moines, IA 50313.