Technology jobs and research and development tax bb - New Mexico 2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the name of the business holder, along with their Social Security Number (SSN) or Federal Employer Identification Number (FEIN). Ensure that the mailing address is complete, including city, state, and ZIP code.
3. Input the beginning and ending dates of the report period for your claim. This is crucial for accurate processing.
4. Enter the New Mexico tax due for this report period. If applicable, provide the Net New Mexico income tax calculated before applying any credits.
5. Claim the portion of total credit available from Schedule A on your current tax return. Remember not to exceed the amount of Net New Mexico tax due.
6. If your business qualifies as a small research and development entity, indicate the portion of credit that is refundable.
7. Finally, sign and date the form under penalty of perjury to confirm that all information provided is true and complete.

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