1. All NM Taxes
  2. Frequently Asked Questions
  3. What is a Managed Audit?

What is a Managed Audit?

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.