Personal Income Tax 2008 Sheet - New Mexico Taxation And Revenue Department Page 32
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41FEDSTATE Unformatted Record Layout
PIT-B cont’d
Field
Identification
Forms
Field
Field Description
Number
Refs.
Length
195
Total NM Taxes
PIT-B -14
12
Monetary. Using tax rate tables find the tax
applicable to NM Taxable Income on PIT-1 [385
Generic] plus Additional amount for Tax on lump-sum
distributions [395 Generic].
200
NM Gross Income Tax
PIT-B -15
12
Monetary. Multiply Total NM Taxes NM Percentage.
[195] X [190]
PIT-B -P2
205
Business and Farm Income
12
Monetary.
Property Value –
Everywhere
1a col-1
PIT-B -P2
210
Business and Farm Income
12
Monetary. Must not be greater than Business and
Property Value – NM
Farm Income Property Value – Everywhere. [205]
1a col-2
PIT-B -P2
215
Property Factor
12
Numeric. Compute to three decimal places. Must be
non-negative. Divide Business and Farm Income
Property Value–NM by Business and Farm Income
1b
Property Value – Everywhere. [210 / 205]
220
Business and Farm Income
PIT-B -P2
12
Monetary. Refer to PIT-B instructions
Payroll Paid – Everywhere
2a col-1
225
Business and Farm Income
PIT-B -
12
Monetary. Must not be greater than field Business and
Payroll Paid – NM
P22a col-2
Farm Income Payroll Paid – Everywhere.[220]
230
Payroll Factor
PIT-B -P2
12
Numeric. Compute to three decimal places. Must be
2b
non-negative. Divide Business and Farm Income
Payroll Paid – NM by Business and Farm Income
Payroll Paid – Everywhere.[225 / 220]
235
Business and Farm Income
PIT-B -P2
12
Monetary.
Sales – Everywhere
3a col-1
240
Business and Farm Income
PIT-B -P2
12
Monetary. Must not be greater than Business and
Sales – NM
3a col-2
Farm Income Sales – Everywhere.[235]
PIT-B -P2
245
Sales Factor
12
Numeric. three decimal places. Must be > zero.
Divide Business and Farm Income Sales – NM by
Business & Farm Income SalesEvery. [240 / 235]
3b
PIT-B -P2
250
Total Factor
12
Numeric. Compute to three decimal places. Must be
non-negative. Add Property Factor, Payroll Factor,
and Sales Factor. [215+230+245]
4
PIT-B -P2
255
Average Factor
12
Numeric. Compute to three decimal places. Must be
non-negative. Divide Total Factor by the count of
fields Property Factor, Payroll Factor, and Sales
5
Factor with a value > 0 [250/ number of factors used]
260
Method of Apportionment
PIT-B -P2
8
Numeric. Date Format MMDDCCYY
effective date
bottom
Record Segment Terminus
1
Alphanumeric. Value is "$".
New Mexico Fed/State Electronic Filing Specifications for 2008
32
Revised 12/10/2008
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Rpd-41272 13 - Calculation Of Estimated Personal Income Tax Underpayment Penalty - New Mexico Taxation And Revenue Department - 2013
Financial
Form Rpd-41357 - Oil And Gas Proceeds Remittee's Quarterly Tax Payment Form - New Mexico Taxation And Revenue Department
Financial
Form Rpd-41283 - Annual Summary Of Oil And Gas Proceeds Withholding Tax - State Of New Mexico Taxation And Revenue Department
Financial
Rpd-41355 - Quarterly Pass-through Entity Withholding Tax Return Form - New Mexico Taxation And Revenue Department
Financial
Form Rpd-41356 - Pass-through Entity Owner's Quarterly Tax Payment Form - New Mexico Taxation And Revenue Department
Financial
Form Rpd-41211 - Application For Refund Of Cigarette Tax - State Of New Mexico Taxation And Revenue Department
Financial
Form Rpd-41348 - Military Spouse Withholding Tax Exemption Statement - New Mexico Taxation And Revenue Department
Financial
Related Categories
Parent category: Financial