TaxBandits supports the filing of Form W-2 with both the Federal and State of New Mexico.
A. Yes. the New Mexico Taxation and Revenue Department mandates the filing of the W2 Forms only if there is a state tax withholding.
A. Yes. The state of New Mexico requires additional forms to file along with Form W2.
If you paper file, you must send RPD-41072 along with form W2. If you electronically file, there is no need to send 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 W2) with the total tax withheld and paid to New Mexico on CRS-1 returns.
A. The due date to file Form W2 is January 31 and Form RPD-41072 with the State of New Mexico is March 02.
A. The New Mexico mandates filing electronically if you are submitting 25 or more W2s.
A. A 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% for not filed W2 with New Mexico.