Filing Your 2010 Taxes

Filing your annual tax return can be confusing for corporate Notaries. Here are some tips to help with your 2010 filing:

• If your employer keeps all or a portion of your Notary fees, they are responsible for any taxes incurred. Record all fee information in your journal for backup.
• If you earned anything less than $400 in Notary fees, according to IRS.gov, it does not have to be declared.
• If you earn more than $400 per year from Notary fees, you’ll have to declare it on Form 1040 or 1040EZ as part of your gross earnings, but you are not subject to self-employment tax.