Close my business 
Closing your business is easy. Notify the Taxation and Revenue Department (TRD) of your close-of-business date by completing form ACD-31075, Business Tax Registration Update. For instructions on completing this form, click ACD-31075, Instructions and note particularly Box 5. Be sure all your taxes are paid.

To avoid non-filing penalties, submit a CRS-1 form for every reporting period up to the closing date for the business. You must file the form even if there are no gross receipts to report and no tax is due.

If you are closing your business and want to be sure you do not have any unpaid taxes or non-filed CRS-1 forms, you may request that TRD give you a Letter of Good Standing.

A successor to your business may submit to TRD a form  ACD-31096, Tax Clearance Request  to receive a Certificate of No Tax Due or to determine if the former business owner has a tax liability. For additional information contact your local district office. 

If you are dissolving or withdrawing a corporation from the State of New Mexico, you must request a Corporate Certificate of No Tax Due from the New Mexico Taxation and Revenue Department. You may also contact the Corporation Bureau of the New Mexico Public Regulation Commission (PRC) for information regarding any further requirements administered by that agency. You may call the PRC at (505) 827-4500 or visit its web site at www.nmprc.state.nm.us.     

An owner of a liquor license who wants to transfer, assign, lease, or sell it to another entity must obtain a Liquor License Clearance (Letter of No Objection) from the New Mexico Taxation and Revenue Department. You may contact the Alcohol and Gaming Division of the New Mexico Regulation and Licensing Department (RLD) by calling (505) 476-4875 or visiting the RLD web site at www.rld.state.nm.us.
  • Message from the Secretary
    Thank you again for making the 2012 tax-filing season a success. Largely because of your efforts, we were able to process nearly $260 million in personal income tax refunds in a timely and efficient fashion with very few errors. Read More     ​

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.
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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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