Instructions Draft For Pit-1 - New Mexico Personal Income Tax Return - 2013 Page 17
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44primarily to determine and administer
amount as income for federal income
tax due for the amount of underpaid
state tax liabilities. The Department
tax purposes.
tax plus interest and penalty.
also uses the information for certain
tax-offset and exchange-of-tax infor-
Federal/State Tax Agreement
Treasury Offset Program
mation authorized by law, and for any
Under authority of federal and New
If an assessment of New Mexico Per-
other purpose authorized by law.
Mexico laws, the New Mexico Taxa-
sonal Income Tax is established, the
tion and Revenue Department and
Department may submit your unpaid
1099G and 1099INT Information
the IRS are parties to a federal/state
debt to the Treasury Offset Program.
Returns
agreement for the mutual exchange of
This “offset” is authorized by federal
Federal law requires New Mexico
tax information.
law and allows the U.S. Department
DRAFT 1.2
to report to the IRS all New Mexico
of the Treasury to reduce or withhold
income tax refunds and interest paid
Every year New Mexico participates in
any of your federal income tax refund
to taxpayers on those refunds. New
a program that matches New Mexico
by the amount of your debt.
Mexico is required to report the same
return information with federal return
information to you on a Form 1099.
information. If you receive a notice
Outside Collection Agencies
from the Department telling you of a
The Department is authorized to con-
10-08-2013
The amount reported on Forms 1099G
difference between state and federal
tract with outside collection agencies
and 1099INT may or may not be fed-
information or about a non-filed return,
for collection of tax obligations that are
erally taxable to you. Consult your tax
it is to your advantage to respond
at least 120 days past due. Contracted
preparer, the federal income tax form
promptly and provide information to
outside collection agencies are subject
instructions, or IRS Publication 525,
clear your record. If you do not respond
to the same privacy laws and require-
Taxable and Nontaxable Income, to
within 60 days, we presume the notice
ments as the Department.
determine if you need to report the
is correct and issue an assessment of
STEPS FOR PREPARING YOUR RETURN
Prepare your federal return first.
on page 1.
at Place the ITIN every-
Much of the information on your New
______________________________
where the SSN is required.
Mexico return will be the same. Even
STEP 2
NOTE: The IRS requires a non-
if you are not required to file a federal
return, complete a sample federal
Get your tax records together.
resident alien spouse to have either
return before you prepare your New
an SSN or an ITIN in any of these
Mexico return.
Name and Social Security Number.
situations:
Enter your name and social security
• You file a joint return.
Most New Mexico income tax laws are
number (SSN) on all forms and cor-
• You file a separate return and claim
based on federal income tax laws. In
respondence you send to the Depart-
an exemption for your spouse.
these instructions we point out only the
ment. We cannot accept a return
• Your spouse is filing a separate
differences and explain items unique
without a valid identification number.
return.
to New Mexico law. No instructions are
New Mexico requires you to use the
given for self-explanatory items, such
same name and taxpayer identification
A dependent child who was born and
as when a line requires addition or
number as required by the IRS.
died in 2013 is not required to have
subtraction.
an SSN. If an SSN was not obtained,
Be sure the name of the taxpayer,
enter all 9s on line 8, column 2 (De-
NOTE: References to line numbers
spouse, and all dependents listed on
pendent’s SSN) and attach a copy
on federal forms are provided as
the income tax return and their SSNs
of the child’s birth certificate, death
a convenience. They are based
agree with the individual’s social secu-
certificate, or hospital records. The
on information available to the
rity card. Contact the Social Security
document(s) must show the child was
Department at the time we deliver
Administration if the name is not cor-
born alive.
New Mexico forms to the printing
rect. The website address is www.
contractor. Use caution. The Depart-
ssa.gov.
If you received a salary, wages, or
ment is not responsible for changes
tips, gather all 2013 wage and tax
or errors in these references.
Resident or non-resident foreign
statements. If you have not received
______________________________
nationals who do not have and who
your wage and tax statements by Feb-
are not eligible to obtain an SSN may
ruary 15 or if the statement you receive
STEP 1
obtain a federal individual taxpayer
is incorrect, contact your employer.
Get all forms and publications you
identification number (ITIN) by filing
need.
Form W-7 with the IRS. Use this ITIN
If you had New Mexico tax withheld in
instead of an SSN. Contact the IRS
error on your wages, salary, or tips, and
If you need forms or additional instruc-
for forms and information about the
you had no income tax responsibility
tions, see Contacting the Department
ITIN program or visit the IRS website
PIT-1
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