New Mexico State 1099 Tax Filing

Does New Mexico require state 1099 tax filing?

Yes, New Mexico requires certain Forms 1099 to be submitted to the New Mexico Taxation and Revenue Department.

Which forms does New Mexico require?

Form 1099-R must be submitted for each employee or payee.

Forms 1099-NEC and 1099-MISC that report New Mexico withholding filed on Form TRD-41409, Non-Wage Withholding Return, by paper or electronically are not required by statute to be filed with New Mexico but taxpayers may do so if they wish.

Annual Summary (reconciliation) Form RPD-41072 must be completed and kept in your records. You do not need to submit the reconciliation form to the Department unless some or all the income and withholding statements are not provided to the Department through electronic medium.

New Mexico accepts the following forms through the Combined Federal/State Filing Program:

How must Forms 1099 be filed with New Mexico ?

New Mexico accepts both paper filing and e-filing. However, if filing 25 or more forms 1099, then filing electronically is required.

If submitting paper copies, send all income and withholding statements to:

New Mexico Taxation and Revenue Department
P.O. Box 25128
Santa Fe, NM 87504-5128

Does New Mexico participate in Combined Federal/State Filing?

Yes, New Mexico participates in Combined Federal/State Filing. If you utilize CF/SF when filing your 1099s, the IRS will forward the information to the New Mexico Taxation and Revenue Department and you will not have to do so yourself.

However, if New Mexico state taxes were withheld, then forms must be filed directly, regardless of participation in the CF/SF program.

All Form 1099-NEC must also be filed directly with the state of New Mexico, regardless of participation in the CF/SF program.

What are the deadlines for New Mexico 1099 Reporting?

Traditionally, the filing deadlines for New Mexico are as follows:

  • Other Forms 1099 – January 31st
  • Form 1099-MISC – February 15th
  • Form RPD-41072 – February 28th
  • Furnish Forms – January 31st

If these deadlines fall on a weekend or legal holiday, then the due date is typically the following business day.

What are the 1099 penalties for New Mexico ?

The 1099 penalties for New Mexico are as follows:

  • Late filing or late payment: Penalty of 2% of tax due per month (or partial month) late.
    • Maximum penalty of 20% of tax due.
  • Interest accrues on any tax that isn’t paid by the due date, even with an extension of time to file.

See the New Mexico Penalties & Interest Rates webpage or Pub. FYI-330 for more information.

What is the responsible state agency?

New Mexico Taxation and Revenue Department
P.O. Box 25127
Santa Fe, NM 87504-5127
(505) 827-0825

What about other states?

Alabama Florida Louisiana Nebraska Oklahoma Vermont
Alaska Georgia Maine Nevada Oregon Virginia
Arizona Hawaii Maryland New Hampshire Pennsylvania Washington
Arkansas Idaho Massachusetts New Jersey Rhode Island West Virginia
California Illinois Michigan New Mexico South Carolina Wisconsin
Colorado Indiana Minnesota New York South Dakota Wyoming
Connecticut Iowa Mississippi North Carolina Tennessee
Delaware Kansas Missouri North Dakota Texas
District of Columbia Kentucky Montana Ohio Utah

BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.

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