Instructions Draft For Pit-1 - New Mexico Personal Income Tax Return - 2013 Page 13
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44you qualify for and have elected to use
must submit the form to the Depart-
to pay tax using an Alternative Tax
an alternative method of computing
ment, mail it to the following address:
Method. Schedule CC is to be used
penalty on estimated payments,
by taxpayers who:
NM Taxation Revenue Department
and you marked the box on PIT-1,
• Have no business activities in New
P.O. Box 5418
line 34.
Mexico other than sales,
Santa Fe, NM 87502
• Do not own or rent real estate in
Attach other states’ forms only when
New Mexico, and
Form RPD-41338, 2013 Taxpayer
claiming credit for taxes paid to anoth-
Waiver for Preparers Electronic
• Have annual gross sales in or into
er state on the PIT-1 return by a New
Filing Requirement, is used when
New Mexico of $100,000 or less.
Mexico resident, first-year resident or
taxpayers do not want preparers to file
DRAFT 1.2
part-year resident on income taxable
their returns by Department-approved
Form PIT-8453, 2013 Individual In-
in both New Mexico and another state.
electronic media. To avoid the penalty
come Tax Declaration for Electronic
of $5 per return imposed on the paid
Filing and Transmittal. Paid tax pre-
Tax Credit for Cer tain Venture
tax return preparer, the tax preparer
parer, Electronic Return Originators
Capital Investments. If your fed-
must mark the checkbox in the Paid
(EROs), or other third-party transmit-
eral adjusted gross income includes
preparer’s use only section on the
ters, who electronically transmit New
10-08-2013
a “qualified diversifying business net
PIT-1 return, page 2.
Mexico personal income tax returns
capital gain” from the sale of “qualified
on behalf of taxpayers, using a tax
diversifying business stock” on or after
The requirement to make sure the re-
software program or through the New
July 1, 2000, and you are in full com-
turn is filed by Department-approved
Mexico website, must complete Form
pliance with all provisions of the New
electronic media applies only to 2013
PIT-8453 and maintain in their records
Mexico Venture Capital Investment
New Mexico personal income tax
the taxpayers’ signatures.
Act, contact (505) 827-1746 for details
returns filed in calendar year 2014.
on claiming the tax credit allowed by
See the instructions for the Paid
Generally, Form PIT-8453 does not
the act.
preparer’s use only section in these
need to be sent to the Department.
instructions for more details on this
Form PIT-8453 authorizes the elec-
Form PIT-110, Adjustments to New
requirement.
tronic transmission of the tax return,
Mexico Income, is for a non-resident
authenticates the electronic portion
whose job is located in New Mexico
Federal Forms and Schedules. The
of the return, and under certain cir-
but requires temporary assignment
Department may require you to fur-
cumstances provides a transmittal for
outside New Mexico.
nish a true and correct copy of your
additional supporting documentation.
federal income tax return and attach-
See the instructions to Form PIT-8453
Schedule CC, Alternative Tax Sched-
ments.
to determine when the PIT-8453 must
ule, is for non-residents who qualify
be submitted to the Department. If you
WHEN AND WHERE TO FILE AND PAY
WHEN AND WHERE TO FILE
made separately to qualify. See Filing
Taxation and Revenue Department
File your return as soon as you have all
Electronically on page 6 and Making
P.O. Box 8390
the necessary information, but not later
Payment Through the Internet on page
Santa Fe, NM 87504-8390
than the filing deadline of APRIL 15,
13 for a description of electronic filing
2014. If you file or pay late, you may
and payment methods.
A mailed New Mexico income tax
need to pay interest and penalties. See
return and tax payment are timely if the
Interest and Penalities on page 14. The
IMPORTANT: The April 30 deadline
United States Postal Service postmark
applies only when both the return
due date for fiscal year taxpayers is the
on the envelope bears a date on or
15th day of the fourth month following
and the payment are made elec-
before the due date. If the due date
the close of their fiscal year.
tronically.
falls on a Saturday, Sunday, or a state
or national legal holiday, the tax return
If you file and pay your tax electroni-
For a faster refund, file your return
is timely when the postmark bears the
cally through our website, a personal
electronically.
date of the next business day. Delivery
computer, or a tax professional, your
through a private delivery service is
filing deadline is APRIL 30, 2014. To
Mail refund returns and returns
timely if the date recorded or marked
avoid penalty or interest, you must
without a payment attached to:
by the private delivery service is on or
file your return and pay your tax
before the due date.
Taxation and Revenue Department
electronically. Your electronically filed
return and payment of tax due must
P.O. Box 25122
WHERE TO PAY
be transmitted on or before APRIL
Santa Fe, NM 87504-5122
Select the most convenient way to pay
30, 2014. The electronically filed re-
your taxes.
turn and electronic payment may be
Mail returns with a payment at-
tached to:
PIT-1
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