Tax Preparer'S Guide For Personal Income Tax Returns - 2013 Page 9
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23number unless they perform services in New Mexico, have an employee or a business location in
New Mexico, sell property in New Mexico, or lease property employed in New Mexico.
Other Tax Preparer Requirements and Penalties
TRD
assesses a penalty of $25 per return or claim for refund to a paid preparer who fails to do
either or both of the following:
•
Sign the tax return or claim for refund.
• Include the paid preparer’s identifying numbers.
T
RD assesses a penalty of $500 per return for any tax return preparer who endorses or
o
therwise negotiates, either directly or through an agent, any refund check issued to a taxpayer.
Criminal Penalties
Any person who willfully, with intent to evade or defeat the payment or collection of any tax, does
a
ny
of the following is guilty of a felony and subject to c
riminal penalties:
•
Falsifies any return, statement, or other document.
•
Willfully assists, procures, advises, or counsels the filing of a false return, statement, or
document.
•
Files any return electronically, knowing the information on the return is not true and correct a
s
to every material matter.
•
Removes, conceals, or releases or aids in the removal, concealment, or release of any property
on which levy is authorized by TRD.
Upon conviction, criminal penalty may be imposed of not more than $5,000 or imprisonment of not
less than six months or more than three years, or both, together with costs of prosecution.
Error-Free Processing
A fully completed, accurately computed, legible return is processed the fastest. Returns with errors
require manual review and may delay refunds. Refunds for paper returns may be delayed for as
l
ong as six weeks, and 12 weeks during April and May. Refunds for electronically‐filed returns may
be delayed for as long as three to six weeks.
It is important to follow the directions for the return, complete all required fields, check your
figures, and make sure the return is legible. For example, a refund from an error‐free electronically
filed return is issued within 10 to 14 days of receipt by TRD. When the return information requires
manual review, refunds may be delayed for periods beyond 14 days. Generally, delays occur
because return information is incomplete, incorrect, or does not match information in our records.
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