Get Nm Pit-b 2015

The New Mexico Allocation and Apportionment of Income Schedule (NM PIT-B) is a critical form for taxpayers who need to allocate and apportion their income from both within and outside New Mexico. This guide provides a clear and supportive walkthrough to help you complete the NM PIT-B online effectively.

Follow the steps to fill out the NM PIT-B online smoothly.

1. Press the ‘Get Form’ button to retrieve the NM PIT-B and access the editor for online completion.
2. Input your Social Security number in the designated field. Ensure this number is accurate as it is crucial for identification.
3. Print your name clearly in the format of first, middle, and last names as required.
4. If you are a taxpayer allocating and apportioning income, indicate the residency period. For first-year or part-year residents, input the relevant dates in the sections labeled A, B, and C.
5. If applicable, mark the box confirming your status under the Military Spouse Residency Relief Act.
6. In Column 1, report your total federal income for various categories such as wages, interest, pensions, and other income. Each type has its designated line; be thorough and accurate.
7. Complete Column 2 with New Mexico income corresponding to each category listed in Column 1.
8. Move to the apportionment of business and farm income, starting with line 8, and refer to the worksheet for necessary calculations.
9. Add lines 1 through 8 from Column 2 and enter the total on line 9.
10. Enter any federal adjustments to income as required by federal Form 1040 in line 10.
11. Calculate total income by subtracting line 10 from line 9 and ensure that the amount is correctly reported.
12. Divide the amount on line 11 of Column 2 by that in Column 1, maintaining three decimal places.
13. Using the tax rate tables, determine the tax applicable and sum it if there are additional tax considerations.
14. Multiply the figure from line 12 by that from line 13, and make sure to enter this result on the correct lines of Form PIT-1.
15. Once completed, ensure you save your changes, and consider downloading or printing the form for your records. You may also share it as necessary.

Start filling out your NM PIT-B form online today to ensure accurate income allocation!