New Mexico 1099 Filing Requirements
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1099 Forms Required by New Mexico State
New Mexico requires businesses to file various 1099 forms to report payments made to individuals and other entities.
Form 1099-NEC
Non-Employee Compensation
Form 1099-MISC
Miscellaneous Income
Form 1099-K
Card Transactions
Form 1099-INT
Interest Income
Form 1099-DIV
Dividends Distributions
Form 1099-R
Retirement Plans
Form 1099-G
Government Payments
Form 1099-OID
Original Issue Discount
Form W-2G
Gambling Winnings
The state also requires Form W-2. Learn more
New Mexico Filing Requirements for 1099-NEC, MISC, K, INT, DIV, R, G, & OID
| Condition | State Income Threshold | Filing Method | Additional Forms | Due Date |
|---|---|---|---|---|
| If New Mexico Tax Was Withheld | More than $0 | Direct State Filing | Not required | February 02, 2026 |
| If NO New Mexico Tax Was Withheld | Equal to or more than the federal threshold | CF/SF program | Not Required | February 02, 2026 |
| Less than the federal threshold | No Filing Required | |||
New Mexico Filing Requirements for W-2G
| Condition | State Income Threshold | Filing Method | Additional Forms | Due Date |
|---|---|---|---|---|
| If New Mexico Tax Was Withheld | More than $0 | Direct State Filing | Not Required |
February 02, 2026 |
| If NO New Mexico Tax Was Withheld | Equal to or more than the federal threshold | Direct State Filing | Not Required | February 02, 2026 |
| Less than the federal threshold | No Filing Required | |||
Ready to e-file 1099 forms with the state of New Mexico?
Information Required to File 1099 Forms with the New Mexico
Discover the key information needed to file Form 1099 with New Mexico.
1. State/Payer’s state number
The payer’s state identification number refers to the New Mexico Business Tax Identification Number.
New Mexico State ID Format:
- 2 digits and hyphen followed by 6 digits and hyphen followed by 2 digits and hyphen followed by 1 digit (For example: 99-999999-99-9)
- 2 digits and hyphen followed by 6 digits and hyphen followed by 3 digits (For example: 99-999999-999)
2. State income
The total amount of taxable income that is subject to the New Mexico state
income tax.
3. State tax withheld
The total amount of state income taxes withheld from the recipient’s income.
1. State/Payer’s state number
The payer’s state identification number refers to the New Mexico Business Tax Identification Number.
New Mexico State ID Format:
- 2 digits and hyphen followed by 6 digits and hyphen followed by 2 digits and hyphen followed by 1 digit (For example: 99-999999-99-9)
- 2 digits and hyphen followed by 6 digits and hyphen followed by 3 digits (For example: 99-999999-999)
2. State distribution
Report the total payment amount subject to state tax.
3. State tax withheld
The total amount of state income taxes withheld from the recipient’s income.
4. Name of locality
Specify the city or locality name, if applicable.
5. Local distribution
Report the total payment amount subject to local tax.
6. Local tax withheld
Enter the amount of local income tax withheld.
1. State/Payer’s state number
The payer’s state identification number refers to the New Mexico Business Tax Identification Number.
New Mexico State ID Format:
- 2 digits and hyphen followed by 6 digits and hyphen followed by 2 digits and hyphen followed by 1 digit (For example: 99-999999-99-9)
- 2 digits and hyphen followed by 6 digits and hyphen followed by 3 digits (For example: 99-999999-999)
2. State winnings
Report the total winnings subject to New Mexico state tax.
3. State income tax withheld
Enter the amount of New Mexico state income tax withheld.
4. Name of locality
Specify the city or locality name, if applicable.
5. Local winnings
Report total winnings subject to local tax.
6. Local income tax withheld
Enter the amount of local income tax withheld.
E-file with the New Mexico state in minutes using TaxBandits!
TaxBandits – Simplifying New Mexico State 1099 Compliance
TaxBandits supports the e-filing of 1099 forms directly with the New Mexico Taxation and Revenue Department, ensuring compliance with state regulations.
Complete Compliance
Stay compliant with federal and New Mexico state filing requirements, corrections, and deadlines — all efficiently managed in one place with TaxBandits.
State Filing Guidance
TaxBandits provides a comprehensive, step-by-step guide to simplify the 1099 filing process, ensuring a seamless experience from start to finish.
State Form PDFs
Conveniently access and download New Mexico 1099 form PDFs for recordkeeping, ensuring you always have the forms you need.
Free Resubmissions
If the New Mexico Department of Revenue rejects your 1099 forms, you can correct the errors and resubmit them free of charge.
Start filing your New Mexico 1099 returns with TaxBandits by creating an account!
How to File Form 1099 with the State of New Mexico?
Create your free account and follow these simple steps to effortlessly e-file your 1099 with the federal and the state of New Mexico!
-
Step 1: Choose Form 1099
Select the type of 1099 form you want to file.
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Step 2: Enter Form 1099 Federal details
Complete the form using manual entry or other bulk import options.
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Step 3: Enter State Filing Information
Provide the required New Mexico state details for Form 1099.
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Step 4: Choose Distribution Options
Opt for our distribution services – Postal Mailing Only, Recipient Portal Access Only, or Postal Mailing+Recipient Portal Access (Combo).
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Step 5: Review and Transmit
Review your form and transmit it to the IRS and state agencies.
E-file your 1099 form with New Mexico in just minutes! TaxBandits makes the process simple!
Frequently Asked Questions
Does New Mexico require 1099 filing?
Yes, the New Mexico Taxation and Revenue Department mandates the filing of 1099 Forms.
- If there is any state tax withholding, you must file 1099 Forms directly with the state.
-
If there is no state tax withholding, the IRS will automatically forward your federal 1099 forms to the state agency since New Mexico is part of
the CF/SF program.
Does New Mexico have a specific payment threshold for Form 1099?
There are no specific thresholds for reporting 1099s with the state of New Mexico. Instead, New Mexico's 1099 reporting requirements align with federal guidelines. Based on the applicable federal threshold for each specific form, the payer should assess and file a Form 1099.
| Forms | Threshold |
|---|---|
|
Form 1099-NEC Form 1099-MISC |
$600 |
| Form 1099-K | $2500 |
| Form 1099-INT | $10 for the amount reported on Boxes 1, 3, or 8 (or at least $600 of interest paid for trade or business). |
| Form 1099-DIV |
|
| Form 1099-R | $10 |
| Form 1099-G | NO specific threshold |
| Form 1099-OID | $10 |
What are the 1099 forms New Mexico requires?
New Mexico requires the filing of the following 1099 forms:
Does New Mexico require any additional forms when filing 1099?
No, the State of New Mexico does not require any additional forms when filing 1099s.
When is the New Mexico 1099 due?
The due date for filing Form 1099 with New Mexico is January 31. If this due date falls on a weekend or federal holiday, the next business day will be the deadline.
Does the state of New Mexico require 1099s to be filed electronically?
The State of New Mexico mandates filing electronically if you are submitting 25 or more 1099s. However, if you have paid your taxes electronically during the year, you are required file 1099 electronically.
What are the penalties for not filing or filing 1099 late with New Mexico?
The negligence penalty for late filing or late payment applies if you file late and owe tax, or if you do not pay your tax when due. The penalty is 2% of the tax due for each month or part of a month the return is not filed or the tax is not paid, to a maximum of 20%.
Where should I mail the New Mexico 1099 forms?
After filing 1099s, a PDF for state corrections will be available in TaxBandits. Download it and send it to the below Mailing Address.
P.O. Box 25128, Santa Fe,
NM 87504-5128.
If you made errors on 1099 forms filed with the State of New Mexico, you can correct them by downloading the corrected form and mailing it to the address provided above.
For more information, click here to learn about New Mexico 1099 filings.
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