New Mexico 1099 Reporting Requirements

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New Mexico State Filing

New Mexico Requires

  • Form 1099-R
  • Form RPD-41072 - Annual Summary of Withholding Tax for CRS-1 Filers
  • Deadline to File Form 1099-R and Form RPD-41072 with New Mexico - February 28, 2020

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

Q. Does New Mexico mandate 1099 filing?

A. Yes, the New Mexico Taxation and Revenue Department mandates the filing of the 1099 Forms only if there is a state tax withholding.

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

A. New Mexico requires the filing of the following 1099 form only if there is a state tax withholding.

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. What is the due date to file 1099 with New Mexico?

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

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%.

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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