For anyone doing this work in Indiana. Can we deduct $2.00 for each signature that we put our notary seal on in a loan package? for the purpose of having some of the money exempt from self employment tax.
Reply by Sylvia_FL on 3/26/11 8:21pm Msg #377596
Per the IRS notary fees are exempt from self employment tax.
Reply by Shoshana/AZ on 3/27/11 8:11am Msg #377612
However, as discussed before, it could affect how much Social Security you get later on. Think twice before you deduct it now. Do a search and you'll find many threads here on the subject.
