01/24/2011 11-02 The Taxpayer is a parent corporation for three subsidiary corporations. On or about September 15, 2000, each of the subsidiaries filed separate New Mexico corporate income tax returns for the 1999 tax year. The IRS later audited the Taxpayer, who...
01/07/2011 11-01 The Taxpayer moved to New Mexico in 2006 having earned income in both New Mexico and Nebraska. For the 2006 tax year, the Taxpayer filed a federal personal income return, indicating gross receipts on a Schedule C, filed a Nebraska return, but was a...
12/21/2010 10-21 The Taxpayer is a limited liability that owns and operates a resort in New Mexico. From 2000 until March 2008, the Taxpayer has always filed a paid its monthly gross receipts taxes on time. For a 4-year period, beginning in 2004, the Taxpayer...
12/16/2010 10-20 The Taxpayer is an integrated petroleum company whose main operation in New Mexico is the sale of natural gas. The Department conducted audits of the Taxpayer for tax years 2004, 2005 and 2006. During the audit period the Taxpayer operated...
12/06/2010 10-19 In 2006 Taxpayers had an ownership interest in a New Mexico company from which they were paid consulting fees reporting the income on their Federal income but not on their state tax return. Upon being notified of the discrepancy through a limited...
10/20/2010 10-18 The Taxpayer was engaged in business as a counselor in New Mexico in 2005 and 2006. The Taxpayer failed to file gross receipts tax with the Department for those years, which the Department determined through the Combined Reporting System. On March...
10/14/2010 10-15 The Taxpayers were residents of New Mexico in 2001. They filed their joint Personal Income Tax (PIT) return by mail on October 15, 2002. The Department determined that the Taxpayers were non-filers for the 2001 and 2003 tax years. On June 13, 2008,...
09/30/2010 10-13 The Taxpayer is a Colorado based company that builds and renovates cooling towers for power plants. During the audit period, June 2003 through May, 2008, the Taxpayer was working on projects in New Mexico for the Public Service Company of New Mexico....
09/27/2010 10-12 During the period in question, the Taxpayer was the sole proprietor and owner of a bed and breakfast outside of the city limits of Artesia, New Mexico. The Taxpayer’s primary customers were federal law enforcement agents on assignment as instructors...
09/13/2010 10-11 The Taxpayer filed a timely CRS report and made payment for the December 2003 reporting period. The Department misapplied the payment to another account and lost the report. The Taxpayer was notified of the failure to file a report for that period....