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Does New Mexico offer tax breaks to active duty military members?
Yes. Active duty income earned by active duty members of the armed forces is exempt from New Mexicoâs personal income tax. File a PIT-1 resident tax return and use a PIT-ADJ schedule to deduct any military active duty pay. back to list
Collection of Your Debt
The Taxation and Revenue Department is responsible for collecting taxes due. If you fail to file your taxes or owe money to the state, you should resolve your debt in a timely fashion. The first step is to establish communication with us. By law it is your...
Payment Plan
The law requires all taxes to be paid in full. When the Department sees that you cannot make a payment in full by a certain date, the Department may enter into a payment plan that allows you to make installment payments to pay off tax debt. Please note that interest...
Tax Clearance
What is a Tax Clearance? Under New Mexico law, the tangible and intangible property used in any business remains subject to liability for payment of certain taxes incurred by the business. Consequently, a successor to that business may become liable for taxes incurred...
Collection Agencies
We are authorized to contract with an outside collection agency to recover delinquent taxes. See the following documents regarding your rights in that eventuality: FYI-400: Tax Audits and Protest Procedures FYI-402: Taxpayer Remedies FYI-405: Taxpayer Bill of Rights...
Liens & Levies
A notice of lien provides public notice of our interest in a taxpayerâs property or rights to property. It establishes the stateâs priority among creditors. A levy authorizes us to seize taxpayer property. Lien When any person...
Owe Taxes?
There are two ways that you can owe tax. The first way is to complete a self-filed tax return and not pay tax that is shown to be due or to make an error on the return. For example, you may have used the wrong tax rate. The second way is through the...
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