Managed Audits 

Under the Tax Administration Act qualifying taxpayers can participate in managed audits under approved conditions. A managed audit is governed by a signed agreement between you and the Secretary.

Managed Audits are variations on traditional field audits that the Department conducts.

For information about managed audits see FYI-404: Managed Audits for Taxpayers including who qualifies and how to apply.

Managed Audits Hotline: 505-841-6216

Frequently Asked Questions

Q. What is a Managed Audit?

Answer:
A managed audit is a variation on the traditional field audit. It’s an opportunity to come forward voluntarily and declare unreported or underreported income and pay back taxes owed without incurring penalty. In addition, interest is not assessed as long as the liability is paid in full within 180 days of assessment.

Q. Who qualifies for a managed audit?

Answer:
Anyone qualifies who has not filed a tax return, or who needs to report additional tax and has not received an audit engagement letter from the Taxation and Revenue Department (TRD). You may be disqualified for a managed audit if you:
- have an outstanding balance in the tax program you are applying for;- have received more than two non-filer notices from TRD, or
- are in the process of declaring bankruptcy or under current investigation for a tax-related criminal act.

Q. What tax types are eligible for a managed audit?

Answer:
Most of the state taxes and fees administered by TRD under the Tax Administration Act are eligible. These programs include, but are not limited to, personal income, gross receipts, withholding tax, liquor excise, corporate income and franchise tax, workers’ compensation fee, oil and gas production, weight distance, tobacco products, and compensating tax.If you are interested in a program and have a question about whether it is included, please click the Contact Us button.

Q. How many times can I request a managed audit?

Answer:
You can request only one managed audit per tax program.

Q. How do I apply for the amnesty program?

Answer:
Fill out and submit a managed audit application. Applications can be mailed or faxed, or you can come into a district office  and pick one up. You can inquire about managed audits by calling the Managed Audit Hotline phone number at (505) 841-6216. We can provide more information or you can request an application.
  • 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.
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
Visit Website