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  1. All NM Taxes
  2. Frequently Asked Questions
  3. What must I do if I owe compensating tax for a transaction which occurred during a prior reporting period?

What must I do if I owe compensating tax for a transaction which occurred during a prior reporting period?

Amend the CRS-1 Form for that period. Send the amended CRS-1 Form to the Department with the additional tax due. Amended CRS-1 Forms should be sent to the same address as monthly CRS-1 Forms.