B-200 25 Withholding Tax on Owners of a Pass-Through Entity 2025

Show details

4.9 out of 5

47 votes

The document RPD-41359 is an Annual Statement of Pass-Through Entity Withholding issued by the New Mexico Taxation and Revenue Department. It outlines the requirements for pass-through entities (PTEs) to report withholding tax on non-resident owners' shares of net income. The form must be submitted annually to claim credits for New Mexico withholding tax, entity-level tax, or composite income tax. It includes instructions for both PTEs and owners on how to complete and file the form, as well as deadlines for submission.

Here's how it works

01. Edit your rpd 41359 online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to edit B-200 25 Withholding Tax on Owners of a Pass-Through Entity online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making changes to your paperwork takes only a few simple clicks. Follow these fast steps to edit the PDF B-200 25 Withholding Tax on Owners of a Pass-Through Entity online for free:

Register and log in to your account. Sign in to the editor using your credentials or click on Create free account to examine the tool’s functionality.
Add the B-200 25 Withholding Tax on Owners of a Pass-Through Entity for redacting. Click on the New Document button above, then drag and drop the sample to the upload area, import it from the cloud, or via a link.
Adjust your file. Make any changes needed: add text and images to your B-200 25 Withholding Tax on Owners of a Pass-Through Entity, underline details that matter, erase parts of content and substitute them with new ones, and insert symbols, checkmarks, and fields for filling out.
Finish redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is super easy to use and effective. Try it now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is pass-through entity tax a good idea?

The key advantages include: Double taxation. Pass-through entities avoid double taxation, meaning owners are taxed just once. The corporate income is reported on the owners individual income tax return and taxed at the individual income tax rate.

How to calculate pass-through entity tax?

The PTET tax is calculated on the qualified net income of the entity making the election, computed at a flat rate of 9.3%. Is the calculation different for California and non-California partners / members? Yes. For California taxpayers, this would include all distributive income from the pass-through entity.

What is pass-through withholding?

Pass-Through Entity Annual Withholding Return A Pass-Through Entity (PTE) is generally an entity that passes its income or losses through to its owners instead of paying the related tax at the entity level. A PTE can be any of the following: Estates. Trusts. S corporations.

What are the disadvantages of Ptet?

You might pay more in state taxes if the PTET rate, which frequently is the highest individual rate, is more than your individual rate. And nonresident owners wont benefit if their residency states dont permit a credit for taxes paid to other states. In fact, these individuals could wind up getting taxed twice.

Is pass-through taxation good?

One of the main tax benefits of electing a pass-through business structure is avoiding double taxation. Business earnings are only taxed once, on the owner or shareholders personal tax return.

What is a disadvantage of a pass-through entity?

The main disadvantage of pass-through taxation is that, as an owner, you can be taxed on income you didnt receive. For example, a pass-through entity cant defer tax on profits that you plan to reinvest in the business at a later date.

What does it mean to be taxed as a pass-through entity?

Most US businesses are taxed as pass-through (or flow-through) entities that, unlike C-corporations, are not subject to the corporate income tax or any other entity-level tax. Instead, their owners or members include their allocated shares of profits in taxable income under the individual income tax.

Is PTE tax worth it?

The PTE (Pass-Through Entity) tax provision offers a beneficial strategy for business owners of entities like LLCs, partnerships, and S Corporations. It enables a reduction in the federal income tax burden by allowing the pass-through entity to make an election.

B-200 25 Withholding Tax on Owners of a Pass-Through Entity 2025

Here's how it works