06/07/2007 07-09 The Taxpayers were assessed as successors in business to a supermarket previously operated in the same location. The Department subsequently issued a Notice of Claim of Tax Lien which referenced the earlier assessment. The Taxpayers filed a protest...
05/16/2007 07-08 The Taxpayer made an error on his 2002 state and federal income tax returns. He subsequently amended his federal return to correct the error, but did not amend his New Mexico return. In 2006, the Department assessed the Taxpayer for additional tax,...
04/30/2007 07-07 The Taxpayer established a sole proprietorship in July 2002. In January 2003, the Taxpayer filed his first CRS return to report gross receipts taxes due for the 6-month period ending December 31, 2002. After seeing the amount of paperwork involved,...
04/23/2007 07-06 In March 2005, the Taxpayer filed a claim for refund of gross receipts taxes, which was denied by the Department because it was not filed within the three-year statute of limitations set out in Section 7-1-26 NMSA 1978. The Taxpayer protested,...
04/12/2007 07-04 The Taxpayer filed timely 2002 federal and New Mexico personal income tax returns. Her federal return was subsequently adjusted by the IRS, resulting in additional tax liability. The Taxpayer failed to file an amended New Mexico income tax return...
03/26/2007 07-03 The Taxpayer moved to New Mexico in July 2004. On his 2004 New Mexico personal income tax return, the Taxpayer claimed a credit for taxes paid to Pennsylvania on capital gain from real estate sold prior to July 2004; none of this income was allocated...
02/07/2007 07-02 The Taxpayer performed services for a nonprofit business as an independent contractor during the 2001, 2002 and 2003 tax years. The Taxpayer did not charge or pay gross receipts tax on her receipts from the nonprofit. In 2004 the Department received...
02/05/2007 07-01 The Taxpayer was a New Mexico resident in 1998, but did not file federal or state income tax returns for that year. In 2004, the IRS assessed the Taxpayer for the federal tax due on her 1998 income. In 2006, based on information received from the...
12/18/2006 06-21 The Taxpayer is a resident of New Mexico who invested in two mutual funds. The Taxpayer received a Form 1099 listing the dividend and capital gain distributions made from the funds during the previous tax year. Pursuant to the Taxpayer’s agreement...
12/04/2006 06-20 The Taxpayer and her husband filed joint 2001 federal and state income tax returns. In 2003, the IRS assessed them for additional federal income tax. Neither the Taxpayer nor her husband called the Department or consulted a tax professional to...