Get Nm Trd Rpd-41227 2014

The NM TRD RPD-41227 is the Renewable Energy Production Tax Credit Claim Form, which enables users to claim tax credits for electricity produced from qualified energy resources in New Mexico. This guide will provide detailed, step-by-step instructions on how to successfully complete the form online.

Follow the steps to complete the NM TRD RPD-41227 online effectively.

1. Click ‘Get Form’ button to obtain the form and open it for completion.
2. Enter the name of the claimant, followed by the claimant CRS identification number and Federal employer identification number (FEIN). Ensure accuracy, as this information is crucial for the tax credit processing.
3. If different from the claimant, provide the name of the qualified energy generator, followed by the complete address including city, state, and ZIP code.
4. Input the name of the contact person along with their phone number and email address for any necessary follow-up regarding the application.
5. In Section I, calculate the credit claimed for the current tax year. Enter the tax year for which the electricity was produced, or the fiscal-year dates if applicable.
6. Fill in the date the qualified energy generator began producing electricity (format: mm/dd/yyyy).
7. Provide the lesser value of the kilowatt hours produced in the current tax year or the certified production potential set by the Energy, Minerals and Natural Resources Department.
8. Enter the applicable percentage that will be used to calculate the credit based on electricity produced. This is detailed in the instructions provided with the form.
9. Calculate the potential credit by multiplying the value from step 7 by the percentage from step 8, and record the resulting dollar amount.
10. Enter the applicable percentage of the credit that can be claimed by the claimant and multiply this by the amount calculated in step 9 to find the total credit for the current year.
11. To review unused credits carried forward from prior years, complete Section II using Schedule A, and record the total unused credits.
12. In Section III, sum the total credit available to the current tax year and indicate the amount you wish to claim against your tax return.
13. Enter any credit to be refunded if applicable, especially if the electricity was produced using a qualified energy resource post-October 1, 2007.
14. Finally, sign and date the form, affirming the accuracy of the information provided before submitting the completed form along with any necessary attachments.

Get started on your NM TRD RPD-41227 online and ensure you claim your renewable energy production tax credit today.