New Mexico 1099 and RPD-41072 Reporting Requirements

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New Mexico State Filing

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New Mexico State Filing Requirements

  • The New Mexico Department of Revenue mandates
    the filing of 1099 forms, including 1099-NEC, 1099-MISC, 1099-INT,
    1099-DIV, 1099-B, 1099-G, 1099-K, 1099-PATR & 1099-R.
  • Form RPD-41072 - Annual Summary of Withholding Tax for CRS-1 Filers
February 15, 2023

Deadline to File Form 1099-MISC with New Mexico February 15, 2023

January 31, 2023

Deadline to File other 1099s with New Mexico January 31, 2023

Note: Form RPD-41072 filing deadline - February 28, 2023.

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 even if there is no state tax withholding.

  • Required if the source of income is New Mexico.
  • Required if you file 1099 to a federal agency with New Mexico source of income, then it should be also filed with the state.

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

A. The due date to due date to file 1099-MISC with New Mexico is February 15. Other 1099s are due by January 31.

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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