26-04 The Taxpayers filed a formal protest after the Department denied their request for a refund of gross receipts taxes. Taxpayers own or control numerous telecommunications tower sites in New Mexico. Wireless carriers installed antennas and related...
26-03 The Department denied the Taxpayer's claim for a credit on their 2021 personal income tax (PIT) return for taxes paid to another state by a resident individual because of the notation that the Taxpayer had already used the PIT-B to allocate and apportion the...
26-02 The Department issued a corporate income tax return adjustment notice based on prior year returns, adjusting the net operating loss (NOL) deductions claimed on the taxpayer’s 2021 amended return. The Department determined that the NOLs reported for closed tax...
26-01 The Department assessed the Taxpayer for tax, penalty and interest for unfiled tax returns for personal income tax for tax years 2016 through 2021. Penalty was abated by the Department, only tax and interest remained at issue. The Taxpayer disputed the amount of...
25-08 The Department assessed the Taxpayer gross receipts tax for periods from 2015 through 2020. The Taxpayer contended the gross receipts associated with the protest were for administrative and risk-management services provided to independent contractors that were...
25-07 The Department assessed penalty and interest for late filing and paying of the Taxpayers’ 2021 personal income tax (PIT) return. The Taxpayer filed the 2021 PIT return, due in 2022, in July 2023 but did not make payment. The Department sent notice of assessment...
25-06 The Department denied a gross receipts tax refund claim for December 2016 to December 2017 and a second claim covering periods January 2018 to June 2019. The Taxpayer claimed its monthly subscription fees from New Mexico customers were exempt under Section...
25-05 The Taxpayer was assessed an underpayment penalty for the estimated personal income tax required by Section 7-2-12.2 NMSA 1978 for the 2023 income taxes. The Taxpayer is a small business owner whose income is irregular and sporadic. The Taxpayer specified that...
25-04 The Department assessed personal income tax, penalty, interest, and underpayment penalty for the tax year ending December 31, 2022. The taxpayer submitted payment of the tax and interest but protested the penalty imposition claiming non-negligence as the...
25-03 On November 21, 2022, the Taxpayer requested a refund for motor vehicle excise taxes paid. On December 8, 2022, the Department denied the application for refund. On February 3, 2023, the taxpayer protested the denial of the refund. The Taxpayer argued they...