***It is not about what you deduct. According to the tax law, whatever is shown on your 1099Misc forms (which you're going to receive in January 2006)this amounts you will include in your business income on Schedule C and if you do not, the IRS will correct it , since they receive a copy of your 1099's from employers.***
You report all your income. Read Pub 17 to understand about the income of a notary public in reporting it to the IRS. See Self-employment Tax. |
