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Mobile Notary Business Information

Tax Exemption Just for Notaries

Now here's the part of this business that's unique and only for Notaries. Your actual Notary fees (not mobile fees or other services you charge for) are not self-employment income taxable.

    According to the IRS (see Self-Employment Tax Bulletin SE-1), under the section, "Income and Losses Not Included in Net Earnings From Self-Employment," Item 2, states:
      "Fees received for services performed as a notary public. If you had no other income subject to SE tax, enter "Exempt–Notary" on Form 1040, line 58. However, if you had other earnings of $400 or more subject to SE tax, enter "Exempt–Notary" and the amount of your net profit as a notary public."
In plain English this means that your actual Notary fees are subtracted out from the rest of your self-employment income.

It works this way: You include your Notary fees as part of your total income, and then you enter just the amount of your Notary fees in a special Notary exempt space on the form, where they're then subtracted out. Notary fees are not subject to tax. Many tax preparers aren't even aware of this exemption.

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notary loan signing agent training and certification
      Notary Loan Signing Agent
      Comprehensive Certification Course
      & Reference Manual

      212 pages, including a final exam
PLEASE NOTE: You don't have to be a Notary Public to train for this career and become certified, so you can start training immediately. However, you do need to become a Notary Public before you can actually perform notarized loan signings. Becoming a Notary Public for your state is independent of this course. Also, most states allow loan signing agents to assist in closing loans, but not all of them do. Before you order this course, be sure to check and see if your state allows loan signing agents to assist in closing loans. Go to the state links for instructions on how to become a Notary Public in your state.





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