Instructions Draft For Pit-1 - New Mexico Personal Income Tax Return - 2013 Page 29
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44a letter from your employer or payor
RPD-41285, Annual Statement of
only overpayments from prior year
explaining the cause of the error and
Withholding of Oil and Gas Proceeds,
returns and estimated payments
stating that no New Mexico income tax
to the next remittee. The remittee
made with PIT-ES payment vouch-
was due on the income reported.
may then claim the withholding on its
ers on line 29.
income tax return.
If you had New Mexico tax withheld in
If any estimated payments were made
error on your pension or annuity, and
LINE 28
using different name(s) or SSN(s),
you had no income tax responsibility to
New Mexico Income Tax Withheld
attach a schedule to your return show-
New Mexico on that income, provide a
From a Pass-Through Entity
ing how each estimated payment was
copy of the state income tax return for
made.
DRAFT 1.2
the state in which you are domiciled or
Enter the total New Mexico income tax
other information showing residency in
withheld from the net income of PTEs
For example, before her marriage in
an other state.
as shown on your annual withholding
August 2013, a taxpayer made two
statements, 1099-MISC, or Form RPD-
estimated tax payments in her name
A payment you made for gross receipts
41359, Annual Statement of Pass-
and SSN only. She made two addi-
tax, withholding tax, compensating
Through Entity Withholding. Include
tional estimated tax payments after the
10-08-2013
tax, or any other type of tax due to the
a copy of the form(s) with your PIT-1.
wedding, but they showed the name
State of New Mexico is not a payment
of the taxpayer and her new spouse
towards your personal income tax li-
An entity that has had tax withheld
and both SSNs. She enters the total
ability. Do not include these payments
cannot pass a withholding statement
of the estimated payments should be
on line 26 as “tax withheld,” on line 29
directly to any other taxpayer. Gener-
entered on line 29. She also attaches a
as “estimated,” or on line 30 as “other”
ally the recipient of the withholding
schedule that shows the name(s) and
payments on your personal income
statement must file and report the tax
SSN(s) reported with each payment.
tax return.
withheld on its New Mexico income tax
return. However, if a recipient is also
IMPORTANT: A payment for gross
LINE 27
a PTE, tax withheld may be passed
receipts tax, withholding tax, compen-
New Mexico Income Tax Withheld
to the owner of the recipient by issu-
sating tax, or any other type of tax due
From Oil and Gas Proceeds
ing the owner an annual withholding
to the State of New Mexico is not a pay-
statement, Form RPD-41359, An-
ment towards your personal income
Enter the total of all New Mexico in-
nual Statement of Pass-Through En-
tax liability. Do not include these pay-
come tax withheld from oil and gas
tity Withholding. The owner may then
ments as “tax withheld,” “estimated,”
proceeds as shown on your annual
claim the withholding on the owner’s
or “other” payments on your personal
withholding statements, 1099-MISC,
income tax return.
income tax return.
and RPD-41285, Annual Statement of
Withholding of Oil and Gas Proceeds.
LINE 29
LINE 30
Be sure to include a copy of the forms
2013 Estimated Income Tax Pay-
Other Payments
with your PIT-1 return.
ments
Enter the total payments made toward
An entity that has had tax withheld
Enter the total of New Mexico esti-
the 2013 personal income tax liability
cannot pass a withholding statement
mated tax payments made for 2013
not included in line 29. Include return
directly to another taxpayer. Gener-
as shown in your records. Include
payments made using the PIT-PV
ally, the recipient of the withholding
your last installment even if you pay
payment voucher, and extension pay-
statement must file and report the tax
it in 2014. Also be sure to include any
ments using PIT-EXT payment vouch-
withheld on its New Mexico income tax
2012 overpayments you applied to
ers. Include payments made through
return. However, if a person is a remit-
2013 estimated taxes.
the Department’s website at
tee that receives oil and gas proceeds
newmexico.gov using the PIT-PV or
from which tax was withheld, and the
IMPORTANT: Do not include any
PIT-EXT option.
person is also a remitter who must
extension payments made with the
pass the oil and gas proceeds and
PIT-EXT payment voucher or return
NOTE: Do not include in line 30
the tax withheld to another remittee,
payments made with PIT-PV pay-
payments you attach to the return
the person may do so by issuing an
ment voucher. Report extension and
or payments submitted after the
annual withholding statement, Form
return payments on line 30. Report
return was filed.
A payment for gross receipts tax, withholding tax, compensating tax, or any
other type of tax due to the State of New Mexico is not a payment towards your
personal income tax liability. Do not include these payments as “tax withheld,”
“estimated,” or “other” payments on your personal income tax return.
PIT-1
- 28 -
newmexico.gov
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