09/27/2013 13-27 The Taxpayer is a sole proprietorship engaged in business only in 2006. The Taxpayer worked in 2006 as an independent contractor providing physical therapy services. The Taxpayer’s services were resold in the ordinary course of business by the...
09/24/2013 13-26 The Taxpayers filed and paid their personal income taxes for the 2009 and 2010 tax years. They did not file a claim for refund or credit for either of these years, but were issued refunds by the department for each of the two years. In December 2011,...
09/23/2013 13-25 For 2012, the Taxpayer was above the threshold amount set by Section 9-11-6.4 NMSA 1978, and was thereby required to file its withholding tax electronically. The Taxpayer paid its withholding tax on time and filed a paper withholding tax return....
09/18/2013 13-24 The Taxpayer suffered significant financial losses as a victim of the Madoff investment funds fraudulent scheme. As a result, accountants advised the Taxpayer to do a loss carry-back for previous personal income tax years. Due to the loss...
09/12/2013 13-23 On June 26, 2012, following an audit, the Department assessed the Taxpayer for gross receipts tax, penalty and interest for the tax period ending on December 31, 2009. The Taxpayer filed a formal protest to the assessment. The Taxpayer produced a...
08/16/2013 13-22 The Taxpayer provides geotechnical engineering and testing services in New Mexico. The Department assessed the Taxpayer for gross receipts tax and interest for the tax periods January 31, 2000 through October 31, 2005. The Taxpayer was also assessed...
08/13/2013 13-21 In May 2013, the Department sent six assessments to the Taxpayers for personal income tax, penalty and interest. The taxable years covered in the assessments were the years ending December 31, 2008 through December 31, 2011. The Taxpayers filed a...
08/06/2013 13-20 The Taxpayer prepared and signed an application for an Alternative Energy Product Manufacturer’s Tax Credit on July 24, 2011. The Taxpayer did not mail that application to the Department until December 21 2011. The Department received the application...
07/31/2013 13-19 In 2006, the Taxpayer worked as an employee in the film and ski industries, as well as an independent contractor in the film industry. Under its tape match program with the IRS, the Department found a discrepancy between the Taxpayer’s reported 2006...
07/25/2013 13-18 In 2007, the Taxpayers made $6000 in estimated payments for personal income tax. When they filed their 2007 New Mexico Personal Income Tax return, they listed only $3000 in estimated payment. The Taxpayers’ error resulted in an overpayment of their...