09/18/2013 13-24 The Taxpayer suffered significant financial losses as a victim of the Madoff investment funds fraudulent scheme. As a result, accountants advised the Taxpayer to do a loss carry-back for previous personal income tax years. Due to the loss...
09/12/2013 13-23 On June 26, 2012, following an audit, the Department assessed the Taxpayer for gross receipts tax, penalty and interest for the tax period ending on December 31, 2009. The Taxpayer filed a formal protest to the assessment. The...
08/16/2013 13-22 The Taxpayer provides geotechnical engineering and testing services in New Mexico. The Department assessed the Taxpayer for gross receipts tax and interest for the tax periods January 31, 2000 through October 31, 2005. The Taxpayer was...
08/13/2013 13-21 In May 2013, the Department sent six assessments to the Taxpayers for personal income tax, penalty and interest. The taxable years covered in the assessments were the years ending December 31, 2008 through December 31, 2011. The Taxpayers...
08/06/2013 13-20 The Taxpayer prepared and signed an application for an Alternative Energy Product Manufacturer’s Tax Credit on July 24, 2011. The Taxpayer did not mail that application to the Department until December 21 2011. The Department received the...
07/31/2013 13-19 In 2006, the Taxpayer worked as an employee in the film and ski industries, as well as an independent contractor in the film industry. Under its tape match program with the IRS, the Department found a discrepancy between the Taxpayer’s...
07/25/2013 13-18 In 2007, the Taxpayers made $6000 in estimated payments for personal income tax. When they filed their 2007 New Mexico Personal Income Tax return, they listed only $3000 in estimated payment. The Taxpayers’ error resulted in an...
06/10/2013 13-16 The Taxpayer is an electrical contractor that installs lighting fixtures, wiring, telephone lines, and other related items, on behalf of its customers. In 2007, the Department selected the Taxpayer for an audit of gross receipts tax for...
06/03/2013 13-15 On March 4, 2010, the Department assessed the Taxpayer for gross receipts tax, penalty and interest, for receipts received as an independent contractor, on which gross receipts tax was not paid for the years ending December 31, 2005, and December 31,...
05/30/2013 13-14 The Taxpayer is a psychologist who provided contract services to the Los Lunas School District in 2005 and 2006. The Taxpayer did not file gross receipts tax for those years. On July 9, 2009, the Department assessed the Taxpayer for gross...