Personal Income Tax 2008 Sheet - New Mexico Taxation And Revenue Department Page 21

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FEDSTATE Generic Record Layout
PIT-1 cont’d
Field
Form
Field
Identification
Field Description
Number
Refs.
Length
415
Total Rebates and
PIT-1-
12
From PIT-RC line 25. [310]; form PIT-RC required
Credits
21 PIT-
RC-25
420
NM Income Tax
PIT-1-
12
Derived by the addition of all “NM” Withholding on
Withheld
22
supporting forms W-2, W-2G, 1099M and 1099R.
425
NM Oil & Gas
PIT-1-
12
NM tax withheld from oil and gas proceeds;
income tax withheld
23
Form 1099 or RPD 41285 required
430
2008 Estimated
PIT-1-
12
See pit-1 instructions
Income Tax
24
Payments
435
Other Payments
PIT-1 -
12
25
440
Total Payments and
PIT-1-
12
add lines 21 thru 25, [415+420+425+430+435]
Credits
26
445
Tax Due
PIT-1-
12
If Net NM Income Tax Amount [410] > Total Payments
27
and Credits [440], enter difference
450
Penalty on
PIT-1-
12
Penalty on underpayment of estimated tax [Leave blank if
underpayment of tax
28
you want penalty computed for you]
455
Penalty
PIT-1 –
12
See pit-1 instructions. [Leave blank if you want penalty
30
computed for you]
460
Interest
PIT-1 –
12
See pit-1 instructions. [Leave blank if you want penalty
31
computed for you]
465
Total tax, penalty
PIT-1 –
12
See pit-1 instructions. [Leave blank if you want penalty
and interest
32
computed for you]
470
Overpayment
PIT-1-
12
If Net NM Income Tax Amount [410] < Total Payments
33
and Credits [440], enter difference.
475
Refund donations
PIT-1-
12
Total Refund Contributions from PIT-D line 10 [90]. May
34
not be greater than Overpayment Amount [450]. Form
PIT-D required
480
Amount to 2009
PIT-1-
12
May not be greater than Overpayment Amount [450]
Estimated Tax
35
485
Amount to be
PIT-1-
12
Line 33 minus lines 34 and 35. [450-455-460].
Refunded
36
490
Not Used
No Entry
THRU
925
Not Used
No Entry
Record Terminus
1
Alphanumeric. Value is "#".
New Mexico Fed/State Electronic Filing Specifications for 2008
21
Revised 12/10/2008

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