If you have any problems logging in or otherwise using New Mexico Webfile, please contact us by sending an e-mail to: TRD-NMWebFile@state.nm.us , or call the CRS Helpdesk. Click the Contact Us button for current phone numbers. When you call, select Option 1.
Filing statuses for gross receipts tax and their due dates are: Monthly - the 25th of the following month if combined taxes average more than $200 per month, or if you wish to file monthly regardless of the amount due; Quarterly – the 25th of the month following the...
DBA (doing business as) is the name of the business. If this is a sole proprietorship, you may use your personal name if you do not have a DBA.
List the phone number you will use for business purposes, even if it is a home phone.
List a home address until you have a business location. If you are receiving mail at home under your business name, or you would like mail to be directed to a particular individual, enter that name in the attention line.
If you will pay taxes based on when you receive payment; choose cash. If you will pay taxes based on when you bill clients; choose accrual.
No, as an insurance company or reciprocal or underinsurance exchange that already pays a premium tax to New Mexico, you are exempt.
No, as a 501(c) Homeowners Association, you are not required to file a New Mexico CIT return unless you have unrelated business income at the federal level. In that case you are required to file a CIT return and pay Corporate Income and Franchise tax.
New Mexico follows federal practice. If QSSSs are reported in the parent’s CIT return, New Mexico accepts a return on the same basis. The return is the “election.” No separate election is necessary. Note: Each corporation included on the parent’s return, having...
If the entity, a C or S Corporation, exercises its franchise in New Mexico during the tax year, it is responsible for filing and paying franchise tax. The entity must be registered with the Taxation and Revenue Department or with the Secretary of State, Corporations...