Basic Notary Public Info
What is a Notary
Why become a Notary
How to become a Notary
What does it cost
50 States Notary Sites
Mobile Notary Start-up Guide
How to Become a Loan Signing Agent
Setting Your Fees
Training for Notaries & Signing Agents
About this Site
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
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:
In plain English this means that your actual Notary fees are subtracted out from the
rest of your self-employment income.
"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
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.
Next - Confidentiality
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.
Notary Loan Signing Agent
Comprehensive Certification Course
& Reference Manual
212 pages, including a final exam
Professionally-bound course delivered by Priority Mail