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Click ‘Get Form’ to open the ACD-31015 in our editor.
Begin by entering your business name in section 1. If applicable, provide your DBA (Doing Business As) in section 2.
Fill in your Federal ID number in section 3 and provide your business telephone number in section 4. Include any additional contact numbers in section 5.
In section 7, select the type of ownership by checking the appropriate box. Ensure you only choose one option.
Complete sections 6 through 10 with your business email, mailing address, principal business location, and the date you started or plan to start business activities in New Mexico.
For filing status, check the appropriate box in section 12 based on how often you will file taxes. Provide details for any special tax registrations if necessary.
List all owners and partners in section 14, including their Social Security numbers and contact information. Attach additional pages if needed.
Finally, review all entries for accuracy before signing at the bottom of the form to declare that the information is true and correct.
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To be compliant as a company in New Mexico, you will have to get a federal Employer Identification Number (EIN) from the IRS, a New Mexico Business Tax Identification Number (BTIN) from the Taxation Revenue Department, and to be registered with the New Mexico Secretary of State.
What happens if I dont pay NM taxes?
Penalty is calculated at 2% per month or partial month to a maximum of 20% on the unpaid principal of tax due. Interest accrues daily on the unpaid principal of tax due and can change on a quarterly basis. Current Interest Rates Interest accrues on tax that isnt paid
What does the NM Taxation and Revenue Department do?
The Taxation and Revenue Department administers more than 35 tax programs and distributes revenue to the State and to local and tribal governments throughout New Mexico. Its Motor Vehicles Division administers driver and motor vehicle licensing and registration laws.
How do I pay NM taxes online?
Pay online on Taxpayer Access Point (TAP) Making a payment online at the department website, Taxpayer Access Point (TAP). TAP is fast, easy, and electronic check payments are free. After you submit your payment information, you will receive an online confirmation.
At what age do seniors stop paying property taxes in New Mexico?
Property Tax Rebate for Persons 65 or Older This is a rebate that New Mexico offers for property tax billed or rent paid during the tax year on your principal place of residence in New Mexico.
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How does New Mexico state tax work?
While New Mexico does not have a state sales tax it does have a statewide gross receipts tax, which is commonly passed on to the consumer by businesses just like a normal sales tax. Its state income tax ranges from 1.7% to a maximum of 4.9%.
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