Posted by Escrow Metropolitan Title and Escrow on 4/21/06 2:37pm
Msg #115160

Notarization deduction question ...

This question has come up quite often in our office and I can't find the publication on the IRS site to answer it.
In the State of Colorado, is the notarization deduction per notarization or per notarized page? I thought I read it was $5.00 deduction per notarization.

Reply by Janlee_MI on 4/21/06 3:12pm
Msg #115174

Each State is different. In Michigan it is $10 per signature.

Reply by BetsyMI on 4/21/06 3:13pm
Msg #115175

I believe it is $10 per notarization in Michigan Jan, not per signature.

Reply by Mia on 4/21/06 3:33pm
Msg #115183

Michigan......

*Michigan Notaries - it is $10.00 per notarial act* NOT per Signature.

Reply by TRG_wy on 4/21/06 3:27pm
Msg #115182

It is per notarial act. That means each individual oath, signature witnessed...
e.g. You have an affidavit that someone needs to sign and you witness. Swear them in (1), witness their signature (1), total = 2

Reply by Anonymous on 4/21/06 5:49pm
Msg #115207

According to the statutes here in CO your example would only be 1 act and $5.00 maximum charge. From the statutes: "The fee for each such document shall include the following incidental services of such notary: (a) Receiving evidence of such person's identity as enumerated in section 12-55-110 (4); (b) Administering an oath or affirmation to such person; and (c) Signing and sealing a certificate or statement of such notary that is included in or attached to such document and evidences that the document was attested before such notary."

MaryAnn/CO

Reply by Sign/SealCO on 4/22/06 9:24am
Msg #115304

Re: Wyoming doesn't pertain to Colorado! n/m

Reply by MaryAnn/CO on 4/22/06 2:17pm
Msg #115347

Re: From the Wyoming Notary Handbook

"A notary is entitled to receive a fee of no more than two dollars ($2.00) for each oath or affirmation administered or for each signature notarized." The way I read this is that you can ONLY charge for one or the other act, not both, so in essence if you have 2 signers and you administer an oath to both of them and notarize both signatures you can only charge $4.00 max.

As Sign/Seal pointed out, Colorado's law is different than Wyoming's.

Reply by Anonymous on 4/21/06 5:39pm
Msg #115203

Re: Notarization deduction question ...for Colorado

go to http://www.sos.state.co.us/pubs/bingo_raffles/article55.pdf and look on page 7, section 12-55-121. Fees. Hope this helps.

MaryAnn/CO

Reply by Cherilyn_CO on 4/22/06 9:15am
Msg #115303

Mandi or Sue, is that you? :-)

Anyway, Maryann is correct. You didn't find it on the IRS site as it's a state thing, not federal.

Reply by Escrow Metropolitan Title and Escrow on 4/22/06 3:13pm
Msg #115352

Re: Mandi or Sue, is that you? :-)

Tis' me... Thanks for the information gals ... I will pass it on!!

Mandi