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Click ‘Get Form’ to open it in the editor.
Begin by entering the 'Taxable Year' at the top of the form. This is essential for identifying the period for which you are reporting.
Fill in the 'Payer’s federal identification number' and 'Payer’s name, street address, city, state, ZIP code, and telephone number'. Ensure all details are accurate to avoid processing delays.
Next, provide the 'Payer’s CRS identification number'. This is crucial for tax identification purposes.
Enter the 'Recipient’s identification number' followed by their name and address details. Double-check for accuracy as this information is vital for tax records.
Input the 'Gross oil and gas proceeds' amount and the corresponding 'New Mexico state tax withheld'. These figures will determine your tax obligations.
Finally, remember that recipients must attach this form to their New Mexico state income tax return to claim any withheld amounts against their taxes due.

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