New Mexico 1099 Filing
Requirements 2024
Meet your New Mexico 1099 filing requirements efficiently with TaxBandits!
Lowest Pricing in the Industry - E-file at just $0.70/form
Simplify Your New Mexico 1099 Filing
with TaxBandits
- E-file your New Mexico 1099 in minutes
- Supports New Mexico 1099 Corrections - Easily correct, print, and mail to the state
- Retransmit rejected New Mexico 1099 returns at no extra cost
New Mexico 1099 Filing Criteria
The State of New Mexico mandates 1099 filing based on the amount of state taxes withheld and the total payments you made during the tax year.
|
New Mexico State
Required 1099 Forms
(Filing Criteria) |
Form 1099 NEC |
Other 1099 Forms
(Form 1099-MISC, K, INT, DIV, B, G, R, OID, W-2G) |
|---|---|---|
|
Criteria 1 If there is New Mexico state tax withheld |
Payment Threshold: More then $0 Filing Method: Direct State Filing Additional Form: Not Required Deadline: January 31, 2025 Pricing: 1099 State filing - $0.70/form |
Payment Threshold: More then $0 Filing Method: Direct State Filing Additional Form: Not Required Deadline: January 31, 2025 Pricing: 1099 State filing - $0.70/form |
|
Criteria 2 If there is no New Mexico state tax withheld |
Payment Threshold: Follows Federal Threshold Filing Method: CF/SF program Additional Form: Not Required Deadline: January 31, 2025 Pricing: 1099 State filing - Free |
Payment Threshold: Follows Federal Threshold Filing Method: CF/SF program Additional Form: Not Required Deadline: January 31, 2025 Pricing: 1099 State filing - Free |
Ready to E-file 1099 Form with the New Mexico State?
Information Required to File 1099 Forms with New Mexico
Discover the key information needed to file Form 1099 with the State of New Mexico.
1. State/Payer’s state number
The payer's state identification number refers to the New Mexico Withholding Tax Account 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 (Eg: 99-999999-99-9 )
-
2 digits and hyphen followed by 6 digits and hyphen followed by 3 digits and hyphen followed by 1 digit
(Eg: 99-999999-999)
2. New Mexico state income
The total amount of taxable income that is subject to New Mexico state income tax.
3. New Mexico state tax withheld
The total amount of state income taxes withheld from the recipient's income.
E-file 1099 with 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.
State Filing Guidance
TaxBandits provides comprehensive instructions at every step to ensure your 1099 e-filing is completed effortlessly and accurately, reducing the risk of errors.
Lowest Pricing
TaxBandits ensures the best pricing for New Mexico 1099 filings, providing a budget-friendly solution that saves your time and money.
State Form PDFs
Quickly download and access New Mexico 1099 form PDFs for filing corrections or record-keeping purposes.
Free Resubmissions
If the New Mexico Taxation and Revenue Department rejects your 1099 forms, you can correct errors and resubmit them for free.
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, Online Access, or BanditComplete.
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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 | $5000 |
| 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-B | - |
| Form 1099-G | - |
| Form 1099-OID | $10 |
What are the 1099 forms New Mexico requires?
New Mexico requires the direct filing of the following 1099 forms if there is state tax withholding.
Does New Mexico require any additional forms when filing 1099?
No, The State of New Mexico does not require any additional forms when filing 1099. However, it is important to note that Form RPD-41072 must be completed and kept in your records. You are not obligated to submit the reconciliation form to the Department unless there are instances where some or all of the income and withholding statements are not provided to the Department through electronic medium.
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.
What are the requirements to file 1099 electronically with New Mexico?
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 to 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.
After filing 1099s, a PDF for state corrections will be available in TaxBandits. Download it and send it to the above-mentioned email.
For more information, click here to learn about New Mexico 1099 filings.
