Get B-200.25 Withholding Tax On Owners Of A Pass-through Entity

The B-200.25 form is essential for reporting withholding tax on owners of pass-through entities in New Mexico. This guide provides clear, step-by-step instructions to help you complete the form accurately and efficiently online.

Follow the steps to successfully complete the B-200.25 form.

1. Click the ‘Get Form’ button to access the B-200.25 document and open it in your preferred online editor.
2. Enter the tax year in the designated field (a). This is the year for which you are reporting the withholding tax.
3. Provide the entity’s federal employer identification number (FEIN) in field (b) using the format XX-XXXXXXX.
4. If applicable, enter the entity’s New Mexico Business Tax Identification Number (NMBTIN) in field (c) using hyphens in the format XX-XXXXXXXXX.
5. In field (d), input the entity's name, address, and phone number. Remember to mark the box if the address is outside the U.S.
6. For owner information, enter the federal identification number in field (e). Check the box indicating whether it is an SSN/ITIN or an FEIN.
7. Complete field (f) with the owner’s name, street address, city, state, and ZIP code. Mark the box if the address is outside the U.S.
8. In section 1, indicate the owner's New Mexico net income. This is the income allocated to the owner.
9. In section 2, enter the New Mexico tax withheld for the owner if applicable.
10. In section 3, state the composite income tax paid on behalf of the owner if applicable.
11. In section 4, specify the credit for entity-level tax paid on the owner's behalf if applicable.
12. Once all fields are completed, ensure to review the information for accuracy, then save your changes. The form can now be downloaded, printed, or shared accordingly.

Complete the B-200.25 online to ensure timely submission of your withholding tax.