Form Fid-1 - New Mexico Fiduciary Income Tax Return - 2014
ADVERTISEMENT
1
2
3
4*148080200*
2014 FID-1
NEW MEXICO
FIDUCIARY INCOME TAX RETURN
Mail the original of this return and tax due to the New Mexico Taxation and Revenue Department, P.O. Box 25127, Santa Fe, NM 87504-5127, on or before April 15, 2015. You must pay
tax due in full. For fiscal year estates and trusts, you must file the return on or before the 15th day of the fourth month following the close of the fiscal year. D
N
S
C
.
o
ot
eND
aSh
Name and title of fiduciary
Name of estate or trust
FOR DEPARTMENT
USE ONLY
A1
A2
Address of fiduciary (number and street), city, state, and ZIP code
A3
Federal Employer Identification Number of estate or trust (Required)
B.
Date trust or estate created. ___________________ _
C. If this is a final fiduciary return, enter liquidation or distribution date.
_____________
Calendar year
Fiscal year beginning
F3
F1 F2
____________________
ending 12-31-14
and ending
F4
D. Has an adjustment to your federal taxable income for any prior year
CHECK APPLICABLE BOXES
by the Internal Revenue Service not been reported to New Mexico?
Amended
Simple Trust
G3
G1
G2
If a New Mexico resident
trust or estate, mark the box.
YES
NO
G4
G5
Complex Trust
Estate
If yes, you must submit an amended New Mexico return.
E. If you owe penalty on underpayment of estimated tax and you qualify
EXTENSION OF TIME TO FILE. If you have a federal or New Mexico
for a special calculation method, enter 1, 2, 3, 4, or 5 in the box, and
state extension, mark the box and enter the extension date.
attach Form RPD-41272.
Extended to:
H1 H2
1. Federal taxable income of fiduciary (Sec. 641(c) federal taxable income ________________ )
..............
1
1a. If line 1 is negative, enter any federal net operating loss incurred........
1a
2.
Additions to federal income (from FID-1, page 2, line 3) ...............................................................
+
2
-
3.
Deductions from federal income (from FID-1, page 2, line 7) ..........................................................
3
4.
New Mexico taxable income. Add lines 1 and 2, then subtract line 3 ................................................
=
4
5.
Tax on line 4 amount. Use the Tax Rate Table in FID-1 instructions, page 6 .......................................
5
New Mexico percentage of income (from FID-B, Schedule 1, line 16) ...............................................
6.
6
%
7.
New Mexico income tax. Multiply line 5 by the percentage on line 6 and enter here.
If you do not need to complete Form FID-B, enter amount from line 5. ..............................................
7
8.
Tax on lump-sum distributions (from worksheet in instructions, page 7).............................................
8
9.
Total New Mexico tax. Add lines 7 and 8. ...................................................................................
9
10. Credit for taxes paid to another state (worksheet in instructions, page 8). Include other state return copy ......
10
11. Total credits applied against the income tax liability due (from FID-CR, line A). Attach FID-CR ...............
11
12. Net New Mexico income tax. Add lines 10 and 11, then subtract from line 9. Cannot be less than zero ....
12
13. Payments. Enter total amount paid with payment vouchers: FID-PV, FID-EXT, and FID-ES ...................
13
14. New Mexico income tax withheld not included on lines 15 and 16. Attach annual statements .................
14
15. New Mexico income tax withheld from oil and gas proceeds. Attach 1099-Misc or Form RPD-41285 .......
15
16. New Mexico income tax withheld from a pass-through entity. Attach 1099-Misc or Form RPD-41359 .......
16
17. Amount from lines 15 and 16 passed to beneficiaries on Form 1099-Misc or RPD-41359 .....................
17
18. Total payments and tax withheld. Subtract line 17 from the sum of lines 13 through 16 .........................
18
19. Tax Due. If line 12 is more than line 18, enter the tax due ..............................................................
19
20. Penalty. See instructions ........................................................................................................
+
20
21. Interest. See instructions ........................................................................................................
+
21
22. Total amount due. Add lines 19, 20, and 21 ................................................................................
=
22
23. Overpayment. If line 18 is more than line 12, enter the difference ....................................................
23
23a. Amount of overpayment to apply to 2015 liability. Cannot be more than line 23 ...........................
23a
23b. Amount of overpayment to refund. Subtract line 23a from line 23 .............................................
23b
24. Refundable part of film production and renewable energy production tax credits claimed
(from FID-CR, line B). Attach FID-CR. .........................................................................................................
24
25. Total refund of overpaid tax and refundable credit due to you. Add lines 23b and 24 ...........................
25
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial