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RPD-41285 Rev. 10/2010 Taxable Year Annual Statement of Withholding of Oil and Gas Proceeds Payer's federal identification number Check one: FEIN SSN New Mexico Taxation and Revenue Department Payer's.

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New New Mexico Employer: Register with the New Mexico Department of Workforce Solutions - (877)-664-6984 Register your business with the New Mexico Department of Workforce Solutions. You should receive your Employer Account Number and tax rate instantly after registering.

Single Tax Withholding Table If the Amount of Taxable Income Is:The Amount of Tax Withholding Should Be:Over $6,275 but not over $11,775$0.00 plus 1.7% of excess over $6,275Over $11,775 but not over $17,275$93.50 plus 3.2% of excess over $11,775Over $17,275 but not over $22,275$269.50 plus 4.7% of excess over $17,2757 more rows • 7 May 2021

New Mexico withholding taxpayers may file Form RPD- 41072, Annual Summary of Withholding Tax. The report is available for taxpayer's use but is not required to be filed.

As an employer must I submit an annual report of New Mexico withholding tax paid and reported during the tax year? No, but you may choose to complete and submit to the Taxation and Revenue Department (TRD) Form RPD-41072, Annual Summary of Withholding Tax for CRS-1 Filers.

The State of New Mexico requires pass-through entities (which may be a state law partnership or a limited liability company taxed as a partnership) to withhold tax at 5.9% on earnings of non-resident partners or members if the owner's distributive share of net income is over $100 in a year.

Who needs to pay Expanded Withholding Tax? As the name implies, withholding agents remit the expanded withholding tax return (containing all income tax deductions) to the BIR for all their employees. This applies to any of the following individuals or professions: Licensed professionals.

If you are a New Mexico resident, you must file if you meet any of the following conditions: You file a federal return; You want to claim a refund of any New Mexico state income tax withheld from your pay, or. You want to claim any New Mexico rebates or credits.

An individual earning less than P250,000 a year is exempted from withholding tax, where the income is coming only from a single payor (i.e. a tax withholding agent).

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232