Get Nm Trd Rpd-41227_dsa

Filling out the NM TRD RPD-41227_DSA form, which is essential for claiming the renewable energy production tax credit, can seem daunting. This guide provides step-by-step instructions to assist users in accurately completing the form online.

Follow the steps to complete your tax credit claim form successfully.

1. Press the ‘Get Form’ button to obtain the form and open it in the online editor.
2. Enter the name of the claimant in the designated field at the top of the form.
3. Provide the State of New Mexico Business Tax Identification Number (NMBTIN) and the Federal Employer Identification Number (FEIN) in the appropriate fields.
4. If applicable, enter the name of the qualified energy generator if it differs from the claimant name.
5. Fill in the claimant's address, including city, state, and ZIP code.
6. Enter the name and contact details of the person responsible for the application, including phone number and email address.
7. Proceed to Section I and calculate the credit claimed for the current tax year. Enter the tax year when the electricity was produced, or the fiscal year dates if necessary.
8. Record the date when the qualified energy generator began producing electricity.
9. In subsection three, enter the lesser of the kilowatt-hours of electricity produced or the qualified annual production potential certified by the EMNRD.
10. Provide the amount of tax credit per kilowatt-hour to be applied based on the current year's production.
11. Multiply the values from line 3 and line 4 to find the total credit amount claimable.
12. Fill in the percentage of the renewable energy production tax credit based on the Notice of Allocation from EMNRD.
13. Calculate the final amount of the renewable energy production tax credit by multiplying line 5 by line 6.
14. Continue to Section II to calculate any unused credits from prior claims, using Schedule A as needed.
15. In Section III, summarize the total credit available for the current year and specify the amount you wish to claim.
16. Indicate the total amount of credit to be refunded, if applicable, and make sure to include this information on the relevant tax returns.
17. Finally, declare and sign the form with your title and the date before submission.

Complete your NM TRD RPD-41227_DSA form online today to ensure you claim your renewable energy production tax credit.