06/06/2000 00-15 In 1997, the Department notified the Taxpayer of discrepancies between business income reported on his 1994 federal income tax return and amounts reported to the Department for gross receipts tax purposes. Taxpayer was unable to explain the...
05/16/2000 00-14 Taxpayer operated a pharmacy in New Mexico during the period 1994-1997. On several occasions, Taxpayer called the Department to inquire if all sales to government agencies were exempt and was consistently told that receipts from sales of tangible...
05/10/2000 00-13 Taxpayer is engaged in selling Native American jewelry, pottery and paintings. In 1993 the Taxpayer entered into a joint venture with a Colorado business to purchase and sell Native American jewelry throughout the west. In November 1995, the...
04/17/2000 00-12 Taxpayers owned a business that was closed in May 1990. At that time, the Taxpayers were behind in reporting and paying gross receipts taxes. Because the Taxpayers did not notify the Department they had stopped doing business, the Department issued a...
03/30/2000 00-11 A claim for refund was filed by a successor to a business which operated under a liquor license. The Department had issued a provisional assessment, estimating the gross receipts tax liability of the business for periods for which returns had not been...
03/20/2000 00-10 In 1996, taxpayer moved to New Mexico from Illinois and became a New Mexico resident. In 1998, taxpayer received a payment under the terms of a phantom stock agreement. The payment represented deferred compensation for work taxpayer performed for his...
03/15/2000 00-09 Taxpayer had receipts from a contract with the New Mexico State Library to coordinate the production of a manual for the statewide reading program. Under the contract the Taxpayer was to purchase materials and services necessary to produce the manual....
03/03/2000 00-08 Taxpayer provides plumbing services to general contractors. Beginning in 1993, Taxpayer reported and paid gross receipts tax on its receipts. In 1996, Taxpayer's president learned the company would be entitled to a deduction if it obtained NTTCs from...
03/01/2000 00-07 Taxpayer provides hoof-trimming services to local dairies. After reviewing written information provided by the Department, Taxpayer concluded that his receipts from these services were exempt from gross receipts tax under Section 7-9-19, which...
02/22/2000 00-06 Taxpayers received compensation for managing a small, family owned business owned by Mr. Garoutte's mother-in-law. Taxpayers did not receive an hourly wage or salary, but drew down small amounts as they were needed or the business could afford to pay,...