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You must also enter zero on line 1 and complete and attach Schedule CIT-A. 2012 CIT-1 126080200 NEW MEXICO CORPORATE INCOME AND FRANCHISE TAX RETURN Taxpayer s name Mailing address FOR DEPARTMENT USE ONLY Original Return City state and ZIP code Amended - RAR Amended - Capital Loss Amended - Other Federal Employer Identification No. Required New Mexico CRS Identification No. Tax Year Ending Tax Year Beginning mm / yy New Mexico Public Regulation Commission No. Extended Due Date mm / dd / ccyy Ta ...

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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 New Mexico a tax haven?

New Mexico is among the "tax-friendly" states of the U.S., offering numerous economic incentives and tax breaks on personal and corporate income. It does not have inheritance tax, estate tax or franchise taxes.

Does New Mexico have corporate income tax?

New Mexico has a graduated individual income tax, with rates ranging from 1.70 percent to 5.90 percent. New Mexico also has a 4.8 percent to 5.9 percent corporate income tax rate.

Where do I get tax documents?

Get the current filing year's forms, instructions, and publications for free from the Internal Revenue Service (IRS). Download them from IRS.gov. Order by phone at 1-800-TAX-FORM (1-800-829-3676)

What is a Nmbtin?

REGISTRATION WITH THE DEPARTMENT With few exceptions a business must hold a New Mexico Business Tax Identification Number (NMBTIN). The NMBTIN is your state tax identification number, and is used when filing gross receipts tax (GRT), compensating tax, wage withholding, and a few other business-related tax programs.

What states do not require you to file a tax return?

Nine states \u2014 Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming \u2014 have no income taxes. New Hampshire, however, taxes interest and dividends, according to the Tax Foundation.

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