Get Nm Business Personal Property Declaration 2019-2025

Filling out the NM Business Personal Property Declaration online is a vital task for business owners in New Mexico. This guide provides clear instructions and insights to help you complete the form accurately and efficiently.

Follow the steps to successfully complete your declaration online.

1. Click the ‘Get Form’ button to obtain the NM Business Personal Property Declaration form and open it in the editor.
2. In Section 1, enter your business information. This includes your business name, start date, owner’s name, phone number, and the mailing address of the business owner.
3. Provide the physical location address of your business and your business identification or license number. Also, list a contact person along with their phone number.
4. If applicable, fill out Section 2 regarding the transfer of ownership or business closure. Include the name of the buyer, if sold, or the date of closing, ensuring you complete the required signature.
5. For active businesses that no longer report depreciating assets, complete Section 3. This requires you to sign and date the form, indicating that no assets are being reported.
6. Proceed to complete Section 4 by signing the affirmation statement to confirm the accuracy of the information provided, ensuring all data is truthful as per the property tax code.
7. Attach the necessary documentation, including the itemized report of personal property and IRS depreciation schedules as required.
8. Once all sections are filled out and documentation is attached, review the form for completeness. You can then save changes, download, and if necessary, print or share the completed form.

Start filling out your NM Business Personal Property Declaration online today to ensure compliance and avoid penalties.