| Hi John. I am an accountant as well as a notary signing agent. If you have not started a corporation, you are a sole proprietorship and need to report your income and expenses from signings on Schedule C. You can take 37.5 cents a mile as automobile expense in 2004 for all business related travel. Commuting mileage is when you are travelling to and from an office and you are a direct W-2 wage earner. So keep track of all of your mileage driven and you will see that your income will be offset big time by automobile mileage expense resulting in a significant decrease in your tax liability. Also make sure and deduct all of your office supplies and yes you can also take a business in the home deduction too. Any other questions, you and anyone else are more than welcome to call me anytime at 561-715-4200 |
