Form Pit-X - Amended New Mexico Personal Income Tax Return Preparation Instructions (Page 3 of 4) in pdf

LINES 25 and 26

tional tax that may have resulted if your

were actually deducted from your over-

original return was changed or exam-

payment.

ined. DO NOT include payments of in-

Enter on Line 25 the amount from Line

terest or penalties.

LINE 21

24 you want refunded to you. This will be

processed separately from any refund

LINE 16

Calculate the interest that is due on the

claimed on your original return. If you are

additional tax that is due from Line 20.

entitled to interest on your overpayment,

Enter the overpayment from your origi-

Interest is a charge for the use of money

we will figure the interest and include it in

nal return. You must consider that

and, by law, cannot be waived. Interest is

your refund.

amount because any additional refund

calculated at the statutory rate of 15% per

you claim on Form PIT-X will be pro-

year (1.25% per month) for each month

On Line 26 , enter the amount from Line

cessed separately from any refund you

or fraction of a month that the tax remains

24 you want applied to your estimated

may not have yet received from your origi-

unpaid from the day after the original due

tax for next year . Also, enter the tax year.

nal return. Even if you did not actually

date of the return that you are amending.

No interest will be paid on this amount.

receive a refund because your overpay-

If the calculated amount of interest is less

This election to apply part or all of the

ment was intercepted to pay an outstand-

than $1.00, no interest is payable.

overpayment on Line 24 to your estimated

ing debt,

you must enter the overpay-

tax for next year cannot be changed later.

ment amount from your original return.

LINE 22

LINES 27 Through 33

If your original return was changed or

Calculate any penalty that may be due on

audited by the Department and the re-

the additional tax that is due from Line

If you are changing your exemptions or

sult was an additional overpayment of

20. Penalty is calculated as 2% of the tax

dependents, enter the number from your

tax, also include that amount on Line 16.

due for each month, or fraction of a

original return in column A. In column B,

DO NOT include interest you received on

month, that the tax is not paid, to a maxi-

enter any changes to exemptions or de-

any refund.

mum of 10%.

pendents claimed on your original return.

Enter in column C the corrected number

LINE 17

LINE 23

of exemptions you are claiming.

Enter the voluntary fund contributions

If additional tax, plus interest and penalty,

Line 33. If you are adding more than 4

shown on your original return. The

is due, send Form PIT-X with a check or

dependents, show the information re-

amount reported on your original return

money order for the full amount payable

quested in columns a through e on an

as voluntary contributions cannot be

to the Taxation and Revenue Depart-

attached statement in the same format.

changed on an amended return because

ment. Do NOT include payment for an

those amounts have already been trans-

amended return with payment for any

See the personal income tax return in-

ferred to the organizations of your choice.

other tax or assessment. Please do not

structions for the year you are amending

If your original return was changed by

send cash. Please write your social se-

for additional information on exemptions,

the Department and some or all of your

curity number and the tax year and type of

dependents, and qualifying dependents

voluntary contributions were not allowed,

return (for example, “1996 PIT-X”) on your

for rebate and credit purposes.

enter only the voluntary contributions that

check or money order.

1994

1995

1996

1997

PIT-X

Line Number

PIT-1

PIT-1A

PIT-1

PIT-A

8+9

N/A

8+9

N/A

8+9

7 + 8 + 9

N/A

16+19c+23

PIT-X

- 3 -

Form Pit-X - Amended New Mexico Personal Income Tax Return Preparation Instructions Page 3

Related Articles

Related forms

Related Categories