New Mexico W-2 Reporting Requirements

Does New Mexico mandate W2 filing?

Yes. The New Mexico Taxation and Revenue Department requires you file W2 online even if there is no state withholding.

Does New Mexico have any additional requirements when filing W2 forms?

Yes. The State of New Mexico mandates the filing of Annual Summary of Withholding Tax for CRS-1 Filers, Form RPD-41072 along with the W2 form, but only if you paper file.

What information is reported on Form RPD-41072?

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 W-2) with the total tax withheld and paid to New Mexico on CRS-1 returns.

What is the deadline for filing W2 forms & Form RPD-41072 to the state of New Mexico?

The filing due date for both the Form W-2 & Form RPD-41072 is the last day of February.

What are the requirements to efile W2 forms?

The state of New Mexico mandates filing electronically if you are submitting 50 or more W2s.

Does TaxBandits support New Mexico W2 filing & New Mexico State Form RPD-41072?

TaxBandits only supports New Mexico Form W2 filing. You will need to file Form RPD-41072 directly with the state of New Mexico only if you file by paper.

What is the penalty for filing W2 forms and Form RPD-41072 late in the state of 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%. Learn more about the late Form W2 filing penalties by visiting https://www.taxbandits.com/w2-forms/form-w2-penalty/.

Where do I mail my W2 filing for New Mexico?

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Form W-2, 1099, 94x Filing is due by January 31, 2019.

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