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  • Nm Trd Cit-1 - Instructions 2024

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2024 New Mexico Instructions for Form CIT-1 Corporate Income and Franchise Tax Return Due Dates Corporate income and franchise tax is due on or before the due date of the federal corporate income.

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If you are a Nonresidents, including foreign nationals and persons who reside in states that do not have income taxes, must file here when they have a federal filing requirement and have income from any New Mexico source whatsoever.

The Department generally processes electronically filed returns claiming a refund within 6 to 8 weeks. A paper return received by the Department takes 8 to 12 weeks to process.

If you expect a refund, your state may take only a few days to process it or the state may take a few months. There is no hard-and-fast rule but you can expect paper returns to take significantly longer to process than e-filed returns.

A number of things could cause a refund delay, including the following: If the department needs to verify information reported on your return or request additional information, the process will take longer. Math errors in your return or other adjustments. You used more than one form type to complete your return.

Getting registered You can register for a New Mexico seller's permit online through the New Mexico TRD. To apply, you'll need to provide the New Mexico TRD with certain information about your business, including but not limited to: Business name, address, and contact information. Federal EIN number.

Electronically filed returns claiming a refund are processed within 6 to 8 weeks. For paper returns or applications for a tax refund, please wait up to 12 weeks before calling the Department. Paper returns or applications for tax refunds are processed within 8 to 12 weeks.

To check the status of your refund for the current taxable year visit the Taxation and Revenue Department's online service the Taxpayer Access Point (TAP). Once you are on the TAP website go to the “Personal Income” tile and select the “Where's My Refund?” link.

The tax is imposed on the gross receipts of persons who: sell property in New Mexico; property includes real property, tangible personal property, including electricity and manufactured homes, licenses (other than the licenses of copyrights, trademarks or patents) and franchises.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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