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As an employer must I submit an annual report of New Mexico withholding tax paid and reported during the tax year?

No, but you may choose to complete and submit to the Taxation and Revenue Department (TRD) Form RPD-41072, Annual Summary of Withholding Tax for CRS-1 Filers. That form reconciles the total amounts withheld on the annual statement of withholding information returns given to withholdees (Federal forms W-2, W-2g, 1099-R) with the total tax withheld and paid to New Mexico on Form RPD-41072, Annual Summary of Withholding Tax for CRS-1 Filers.

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