Posted by Amy Stetzler on 5/24/08 9:20pm
Msg #248685

tax benefits

I am Missouri notary and I am having issues finding what my tax benefits are for this state. any advice?

Reply by Lee/AR on 5/25/08 7:37am
Msg #248718

State tax benefits? Think you may be referring to Federal 'benefits'. Namely, the fee for a notarization is not taxable; tho' all other income is. Is that what you mean?

Reply by Teresa/FL on 5/25/08 9:35am
Msg #248726

The fee for a notarization is not subject to Federal SE tax

It is subject to Federal income tax.

Check your state tax codes or with a tax preparation professional regarding how your state treats notary income.