Introduction
Hey there, readers! Welcome to your comprehensive guide to all things New Mexico taxation and revenue forms. As you navigate the complexities of tax season, we’ll be your trusty companions, providing you with the knowledge and resources you need to tackle tax filing with confidence. So, buckle up, grab a cup of coffee, and let’s dive right in!
Section 1: Types of New Mexico Tax Forms
Individual Income Tax Forms
- Form NMIN-1: For filing your New Mexico personal income tax return.
- Form NMIN-1A: For residents who file a joint return with a nonresident spouse.
- Form NMIN-2: For filing a late return or making an amended return.
Business Tax Forms
- Form NMB-1: For filing your New Mexico gross receipts tax return.
- Form NMB-2: For filing your New Mexico corporate income tax return.
- Form NMB-3: For filing your New Mexico partnership income tax return.
Section 2: Where to Find New Mexico Taxation Forms
Online
- The official New Mexico Taxation and Revenue Department website: https://www.tax.newmexico.gov/
- The IRS website: https://www.irs.gov/
By Mail
- New Mexico Taxation and Revenue Department
P.O. Box 25128
Santa Fe, NM 87504
Section 3: Filing Deadlines and Extensions
Filing Deadlines
- Individual Income Tax: April 18, 2023
- Business Tax Returns: Due on or before the 15th day of the 4th month following the end of your tax year.
Extensions
- Form NMIN-104: For requesting an extension for filing your individual income tax return.
- Form NMB-105: For requesting an extension for filing your business tax return.
Section 4: Detailed Table of New Mexico Tax Forms
| Form | Purpose | Deadline |
|---|---|---|
| NMIN-1 | Individual Income Tax Return | April 18, 2023 |
| NMIN-1A | Joint Return with Nonresident Spouse | April 18, 2023 |
| NMIN-2 | Late or Amended Return | N/A |
| NMB-1 | Gross Receipts Tax Return | Due on or before the 15th day of the 4th month following the end of your tax year. |
| NMB-2 | Corporate Income Tax Return | Due on or before the 15th day of the 4th month following the end of your tax year. |
| NMB-3 | Partnership Income Tax Return | Due on or before the 15th day of the 4th month following the end of your tax year. |
| NMIN-104 | Individual Income Tax Extension | N/A |
| NMB-105 | Business Tax Extension | N/A |
Section 5: Conclusion
And there you have it, readers! We hope this guide has equipped you with all the necessary information and resources to file your New Mexico taxation and revenue forms with ease. Remember, the New Mexico Taxation and Revenue Department website is a valuable source for additional assistance and up-to-date information.
Before you go, we invite you to check out our other informative articles on taxation and revenue topics. Keep an eye on our website for more valuable content. Until next time, stay tax-savvy!
FAQ about New Mexico Taxation and Revenue Forms
What is the NM-47 Gross Receipts Tax Return?
Answer: This form is used to report and pay gross receipts taxes in New Mexico, levied on businesses for sales of goods and services.
How do I file the NM-47 Gross Receipts Tax Return?
Answer: You can file online through the Taxation and Revenue Department’s website, by mail, or in-person at a TRD office.
What is the due date for the NM-47 Gross Receipts Tax Return?
Answer: The due date is typically the 25th of the month following the end of your reporting period.
What is a withholding return?
Answer: Forms NM-502 and NM-502A are used by businesses to report and pay state income taxes withheld from employees’ paychecks.
What is the due date for withholding returns?
Answer: The due dates vary depending on the number of employees and the amount of taxes withheld.
What is Form DR-41, Return of Value Added Tax?
Answer: This form is used by businesses to report and pay Value Added Tax (VAT).
What is the due date for Form DR-41, Return of Value Added Tax?
Answer: The due date is the 25th day of the month following the end of the reporting period.
What is the NM Personal Income Tax Return, Form IT-40?
Answer: This form is used by individuals to report and pay state income taxes on their taxable income.
Who files Form IT-40, NM Personal Income Tax Return?
Answer: Residents of New Mexico and non-residents who earn income in the state are required to file this form.
When is the due date for Form IT-40, NM Personal Income Tax Return?
Answer: The due date is April 15th for both paper and online filings.
