New Mexico 1099 Filing Requirements

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New Mexico State Filing

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New Mexico 1099 Filing Requirements

  • The New Mexico Department of Revenue mandates
    the filing of 1099 forms, including 1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-G, 1099-K, 1099-OID, and W-2G.
  • Form RPD-41072 - Annual Summary of Withholding Tax for CRS-1 Filers

Deadline to file Form 1099 is

January 31, 2024.

Deadline to file Form RPD-41072 is

February 28, 2024.

TaxBandits supports the filing of Form 1099 with both the Federal and State of New Mexico.

Q. Does New Mexico require 1099 filing?

A. Yes, the New Mexico Taxation and Revenue Department mandates the filing of the 1099 Forms only if payment is reported.

Q. What types of 1099 forms does New Mexico require?

A. New Mexico requires the filing of the following 1099 form.

Q. Does New Mexico have any additional requirements when you file 1099 forms?

A. Yes. The state of New Mexico requires additional forms to file along with Form 1099. If you have a paper file, you must send RPD-41072 along with form 1099.

Q. What is Form RPD-41072?

A. Form RPD-41072 is used to reconcile the total amounts shown as withheld on annual statement of withholding information returns furnished to recipients (Federal Form 1099) with the total tax withheld and paid to New Mexico on CRS-1 returns.

Q. When is New Mexico 1099 due?

A. The due date to due date to file Form 1099 with New Mexico is February 28.

Note: If the due date falls on a weekend or federal holiday, the next weekday is the deadline.

Q. What are the requirements to file 1099 electronically with New Mexico?

A. 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.

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Q. What are the penalties for not filing or filing 1099 late with New Mexico?

A. 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%.

Click here to know more about Form 1099 Penalties.

Q. Where do I mail New Mexico 1099 forms?

A. Mail your Form 1099s along with the RPD-41072 to the following address.

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