Unlike pure notary fees, your loan-signing fees are fully subject to self-employment tax, so tracking mileage and supplies matters even more.
Loan signing agents report on Schedule C, and the signing-agent portion of their fees is subject to self-employment tax.
Only the narrow fee for the actual notarial act itself qualifies for the notary exemption, so most signing-agent revenue is fully taxable for self-employment purposes.
Income you’ll report on: 1099-NEC.
Most people in this line of work leave money on the table. Here's what we make sure to capture:
If you earn as an independent contractor, yes — self-employment tax is 15.3% (Social Security and Medicare) on your net profit, on top of regular income tax. You deduct half of it, and every business deduction lowers what you owe. We handle the calculation on Schedule SE.
Common write-offs include vehicle costs for travel to signings, printer, toner, and high-volume paper, notary commission, bond, and supplies, errors and omissions insurance, plus a share of your phone and any home-office use. We go through your year line by line so nothing legitimate gets missed.
If you expect to owe $1,000 or more for the year, the IRS generally wants quarterly estimated payments to avoid an underpayment penalty. We calculate them so next April isn't a surprise.
Yes. Your income is taxable whether or not a client or platform sent a 1099. We report it correctly and offset it with every deduction you qualify for.
Tell us what you've got and we'll come back within one business day with the plan and the price · from a preparer who knows your line of work.
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