Do Notary Publics Pay Taxes?

All Notary Income must be reported income on on Form 1040 Schedule C or Schedule C-EZ. However, notary income is exempt from self-employment tax on their notarial income because they are public officials. This means you are exempt from paying Social Security and Medicare but you are taxed at full rate on your profit.

Do signing agents pay taxes?

If you are a self-employed Notary Signing Agent, IRS Publication 17 states that you must pay self-employment tax if you had net earnings of $400 or more from fees for services other than notarizing documents (for example, traveling to a signer's home, delivering completed loan document packages, etc.).

Do notaries report to IRS?

It's tax season, and time for the American Society of Notaries' annual reminder about reporting of income derived from notary services. All income earned from providing notary services, including notarial fees, travel fees and any other incidental fees, is subject to reporting to the Internal Revenue Service.