New mexico workers compensation form 2025

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A company with three or more employees total, and at least one working in New Mexico, whether the employment is permanent, temporary or transitory, must carry workers compensation insurance. Workers can be residents or non-residents of New Mexico.
Workers compensation benefits are not taxable, and you wont receive a 1099 form for them. These benefits are meant to provide financial relief without the burden of taxes. However, if you also receive SSDI or a personal injury settlement, other taxable income might come into play.
Workers Compensation Claim Form (DWC-7) Form DWC-7 is a notice to provide injured workers with rights, benefits and contact information. DOWNLOAD DWC-7 FORM.
Form DWC 1 is the official form that California businesses and employees use to file a workers compensation claim. The employee fills out a portion of the form, and the employer fills out the remainder. The employer then sends the completed form to their workers comp insurance company in order to file a claim.
Every employer required to be covered by the Workers Compensation Act, or who elects to do so, and every employee covered by the Act, must pay a quarterly fee called the workers compensation assessment fee. The fee is similar to a tax, and is $4.30 per employee per calendar quarter.
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Employers must report and pay both fees using the form WC-1, Workers Compensation Fee. Instructions for WC-1 are available online. Employers must register with the Taxation and Revenue Department in order to file the WC-1.
What You Shouldnt Tell Your Workers Comp Doctor Never lie about prior injuries, pre-existing conditions, or medical history. Never lie about the extent of your workplace injury or how it happened. Do not exaggerate your symptoms, including pain or functionality.
Code 4902 applies to employers engaged in manufacturing various types of sporting goods that are Not Otherwise Classified (NOC).

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