Looking for a New Mexico Tax Forms And Templates? Download it for free!

Form Rpd-41367 - Annual Withholding Of Net Income From A Pass-Through Entity Detail Report - 2013 Page 7

RPD-41367 (2013)

New Mexico Taxation and Revenue Department

Rev. 08/08/2013

2013 Annual Withholding of Net Income From a Pass-Through Entity Detail Report

Instructions

Page 5 of 5

or political subdivision of either;

period 2014 through 2018 and the entity has insufficient

cash to remit the withholding amount due on the deferred

7. Documentation is on file showing that the owner is a

income reported in the year.

federally recognized Indian nation, tribe or pueblo or any

NOTE: A disregarded entity is NOT a PTE for the purposes

agency, instrumentality or political subdivision thereof;

of pass-through entity withholding. The PTE can accept from

8. Documentation showing the PTE’s inability to make pay-

a disregarded entity the agreement or the residency statement

ment of withholding from net income for the tax year due

to support a valid reason to not withhold.

to non-availability of cash or due to contracts and other

binding written covenants with unrelated third parties,

If you believe that you have a valid reason for not withholding

unless cash payments have been made to any owner

from an owner, other than the reasons listed above, you must

during the tax year, in which case the PTE is liable for

obtain approval from the Secretary before you file your return.

payment of the withholding amount due up to the extent

Please include with your request detailed information to sup-

of the cash payment made during the year;

port an alternative reasonable cause for not withholding. To

request the Secretary’s approval, submit a written request to

9. With respect to tax years 2014 through 2018, the PTE

the Albuquerque District Office at New Mexico Taxation and

has elected pursuant to Section 26 USC 108(i) to defer

Revenue Department, Corporate Income Tax Audit Supervisor,

income from the discharge of indebtedness in conjunction

P.O. Box 8485, Albuquerque, NM 87198-8485. For assistance

with the reacquisition after December 31, 2008 and before

call 505-841-6338.

January 1, 2011 of an applicable debt instrument for the

Pass-Through Entity Withholding Tax Rate Table

If your report period begins on or after:

the effective rate is:

Jan. 1, 2011 ........................................................................................... 4.90%

Form Rpd-41367 - Annual Withholding Of Net Income From A Pass-Through Entity Detail Report - 2013 Page 7

Related Articles

Related forms

Related Categories