Get Nm Trd Cit-1 2024-2025

The New Mexico Corporate Income and Franchise Tax Return (CIT-1) is an essential document for corporations operating in New Mexico, allowing them to report their income and calculate their tax obligations. This guide provides clear instructions on filling out the CIT-1 form online, ensuring users can complete their returns accurately and efficiently.

Follow the steps to complete your CIT-1 form online effectively.

1. Press the ‘Get Form’ button to retrieve the NM TRD CIT-1 and access it in the available editing interface.
2. Begin by entering the corporation name in the designated field. This name should match the official registration records.
3. Fill in the mailing address, including number and street name, city, state, and postal/ZIP code.
4. Choose whether you are filing an original return or an amended return by marking the appropriate checkbox.
5. Enter the Federal Employer Identification Number (FEIN), which is a required field for the form.
6. Complete the information for the Fiscal or Short-Year Tax Year by selecting the starting and ending dates.
7. Provide the contact phone number to ensure the Taxation and Revenue Department can reach you if needed.
8. In section A, indicate the state of incorporation and the date of incorporation. Then, proceed to section B to indicate the date your business began operations in New Mexico.
9. List the name and address of the registered agent in New Mexico in section C, ensuring all details are accurate.
10. Fill out the NAICS code in section D, as this information is required to categorize your business activities.
11. Indicate your method of accounting in section F, selecting either cash or accrual.
12. If applicable, mark if this is your corporation's final return, and provide necessary details about its status.
13. For unitary groups, provide required information about each corporation, including FEIN, payments, and franchise tax information.
14. Complete the refund direct deposit section if applicable, ensuring to follow all requirements for entering banking information.
15. After filling all sections, review your entries carefully and then save your changes. You may also download, print, or share the completed form as needed.

Complete your NM TRD CIT-1 form online now for a seamless filing experience.