{"id":5759,"date":"2011-08-01T16:19:58","date_gmt":"2011-08-01T22:19:58","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/?p=5759"},"modified":"2026-04-11T13:32:45","modified_gmt":"2026-04-11T19:32:45","slug":"paragon-acquisitions-inc","status":"publish","type":"post","link":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2011\/08\/01\/paragon-acquisitions-inc\/","title":{"rendered":"Paragon Acquisitions Inc."},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.7.0&#8243; _module_preset=&#8221;default&#8221;][et_pb_row _builder_version=&#8221;4.7.0&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.7.0&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.7.0&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<div class=\"blogDateTitleContainer\">\n<div class=\"blogDateTitle\">08\/01\/2011<\/div>\n<\/div>\n<div class=\"blogItem\">\n<p><a href=\"https:\/\/realfile.tax.newmexico.gov\/11-15_paragon_acquisition_inc.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">11-15<\/a><\/p>\n<p>The Taxpayer was engaged in business in New Mexico for the tax periods from January 2004 through October 2009. \u00a0The Taxpayer filed gross receipts tax returns for the tax periods, but either reported and deducted the entire amount, or filed zero gross receipts. \u00a0Both methods of reporting resulted in claims of zero gross receipts tax liability for this entire period of time. \u00a0The Department determined that the Taxpayer has understated its gross receipts tax liability by more than 25% for the applicable tax periods and assessed the Taxpayer for gross receipts tax and interest for the period in question. \u00a0No penalty was assessed. \u00a0The Taxpayer filed a written protest to the assessment. \u00a0The Taxpayer was not present for the hearing. \u00a0In its protest, the Taxpayer did not dispute that it was providing services and that receipts from the services were taxable. \u00a0Additionally, Section 7-1-67 NMSA 1978 states that interest \u201cshall be paid\u201d on taxes not paid on or before their due date. \u00a0Interest is mandatory and was properly added in this situation. \u00a0The Taxpayer stated that it had contacted Department employees in 2004 and determined that its receipts were not taxable. \u00a0In 2004, the Taxpayer filed an application for refund for the December 2003 and January 2004 tax periods. \u00a0The Taxpayer filed amended returns showing its receipts as deductible and was issued a refund. \u00a0The Taxpayer argued that this refund constituted a ruling by the Department, and that it had relied upon this when filing for later periods. \u00a0However, rulings must be written statements of the Department secretary that interpret the statutes to which they relate. \u00a0Neither a refund notice, or the letter accompanying the refund, constitute a ruling. \u00a0The Taxpayer&#8217;s protest was denied. \u00a0<\/p>\n<\/div>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.6.6&#8243; _module_preset=&#8221;default&#8221;]<\/p>\n<p><a href=\"\/all-nm-taxes\/tax-decisions-orders\/\">Back to Tax Decisions &amp; Orders<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>08\/01\/2011 11-15 The Taxpayer was engaged in business in New Mexico for the tax periods from January 2004 through October 2009. \u00a0The Taxpayer filed gross receipts tax returns for the tax periods, but either reported and deducted the entire amount, or filed zero gross receipts. \u00a0Both methods of reporting resulted in claims of zero gross [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:divi\/placeholder \/-->","_et_gb_content_width":"960","footnotes":""},"categories":[43],"tags":[],"class_list":["post-5759","post","type-post","status-publish","format-standard","hentry","category-tax-decisions-orders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Paragon Acquisitions Inc. : All NM Taxes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2011\/08\/01\/paragon-acquisitions-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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