How to Register/Close your Corporation 
Corporations are required to have a Federal Employer Identification Number (FEIN). If your corporation has gross receipts, compensating or withholding tax to report, you are also required to obtain a CRS identification number. You are also required to register your corporation with the Public Regulation Commission (PRC).

 

Other Registration Requirements

In addition to registering with the Taxation and Revenue Department (TRD), you may need to consult various regulatory agencies, professional licensing boards, or local authorities. Please see the list of other agencies on pages 5  and 6 of FYI-102, Information for New Businesses.

 

Closing Your Corporation

To close a corporation with an active CRS ID, you must complete and submit a form ACD-31075 Business Tax Registration Update. Instructions on completing this form are also available   You should change the business registration status from “Active” to “Closed” and provide an effective date for the status change. You must file a final corporate income tax return with TRD when your annual income tax return is due.

If you are dissolving a corporation or withdrawing from doing business in New Mexico, you should request a Corporate Certificate of No Tax Due and contact the PRC.

Purchasers or Lessees

If you are a purchaser or lessee and therefore a successor in business of a business, license, or permit, you may also request a Certificate of No Tax Due to ensure that you are not liable for any taxes due to TRD by the seller or lessor. A Request for Tax Clearance or Letter of Good Standing can be downloaded by completing form ACD-31096 Tax Clearance Request.
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E-File for accurate returns and faster refunds.
Federal automatic extensions also extend New Mexico income tax returns.
E-File and E-Pay and extend your income tax due date.
Get your refund faster when you E-File.
Low-income residents may qualify for income tax credits.
You may qualify for the Working Family Income Tax Credit.
You may qualify for the Earned Income Tax credits.
Estimated tax payments may be required if you withhold too little.
Manage your account online using Taxpayer Access Point.
Business closed? Update your CRS account online.
Gross receipts tax rates are subject to change in January and July.
NTTCs may be required to support tax-deductible sales.
Changing your address? Update your tax records online.
View payments and returns using Taxpayer Access Point.
Keep up with recent tax changes. See the instructions.
Keep accurate tax records for up to 10 years.
Double-check your figures. Errors will delay your return.
Get your money faster using refund express direct deposit.
Pay online by electronic check or credit card.
Avoid delays, submit a complete return.
Tax Fraud in New Mexico, call 1-800-457-6789.
Check the status of your refund, visit Taxpayer Access Point.
Pay your property taxes to your county treasurer.
Delinquent property taxes? See your local county treasurer’s office.
Find out who is managing your county government.
Property tax auctions are often held at the county treasurer’s office.
April property tax valuation determines your November tax bill.
Property taxes pay for schools, police, and hospitals.
Property was sold at auction? We may have your money.
Stop penalty and interest by paying your principal tax quickly.
Make sure you use correct tax ID numbers.
Refund express? Double-check your bank account and routing numbers.
Include your phone number and e-mail address when filing.
Secure your tax records from identity theft.
Generally, both spouses are responsible for liability on a joint return.
Sign and date your return.
Avoid preparers who base their fee on a percentage of the refund.
Tax fraud is the responsibility of the taxpayer
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