Instructions Draft For Pit-1 - New Mexico Personal Income Tax Return - 2013 Page 36
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44Credit Claims:
Penalty:
may make a direct refund of overpaid
The department has 180
The department may not as-
taxes to the taxpayer without requiring
days from the filing date to approve or
sess penalty against you if you fail
the taxpayer to file a refund claim. The
deny a statutory tax credit. If it does
to pay tax when due because of a
department does not have to pay inter-
not act, the credit is approved. The
mistake of law made in good faith
est on credits or refunds if it applies the
Secretary decides whether a refund
and on reasonable grounds. If the
amount to a tax interception program,
of tax due you may be offset against
Secretary determines that it is unfair
to an estimated payment, or to offset
your other tax liabilities, and you will
to hold a spouse or former spouse
prior liabilities of the taxpayer.
receive notice that the refund will be
liable for payment of unpaid taxes, the
made accordingly. You are entitled to
Secretary may decline to take action
Awarding of Costs and Fees:
DRAFT 1.2
interest until the tax liability is credited
against the spouse or former spouse
If you prevail in an administra-
with the refund amount. Please see the
of the person who actually owes the
tive or court proceeding brought by
paragraph above on “Audit Provisions”
tax. In extreme cases of delinquency
you or against you after July 1, 2003,
for interest due you if the department
under Sec. 7-1-53 the department may
under the Tax Administration Act, you
does not offset a refund or credit
enjoin a taxpayer from continuing in
will receive a judgment or a settlement
against your other tax liabilities within
business after a hearing and until the
for reasonable administrative costs
10-08-2013
the prescribed time. The department
delinquency is cleared.
connected to the action.
Reminder:
Write your correct social security number (SSN)
on ALL forms, schedules,
payments and correspondence.
PIT-1
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