{"id":7197,"date":"2001-08-22T15:29:15","date_gmt":"2001-08-22T21:29:15","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/?p=7197"},"modified":"2026-04-11T13:35:26","modified_gmt":"2026-04-11T19:35:26","slug":"james-and-terri-holt","status":"publish","type":"post","link":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2001\/08\/22\/james-and-terri-holt\/","title":{"rendered":"James and Terri Holt"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;3.22&#8243;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][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\/22\/2001<\/div>\n<\/div>\n<div class=\"blogItem\">\n<p><a href=\"\/businesses\/wp-content\/uploads\/sites\/9\/2020\/11\/01-18__james_and_terri_holt.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">01-18<\/a><\/p>\n<p>In February 2000, the Taxpayers filed their 1999 personal income tax returns reporting zero federal adjusted gross income on their federal income tax return and reporting zero New Mexico taxable income and zero New Mexico tax due on their state return. The Taxpayers\u2019 1999 W-2 forms showed they had earned income from their employers and that federal and state tax had been withheld. \u00a0The Taxpayers requested a refund of the tax withheld. \u00a0In April 2000, the Department notified the Taxpayers that the Department had recalculated their 1999 New Mexico personal income tax and determined that they were not entitled to a refund, but owed additional tax. The Taxpayers protested the Department\u2019s denial of the claim for refund making the following arguments: 1) the wages the Taxpayers earned were not subject to New Mexico income tax because wages are not \u201cincome\u201d for purposes of reporting federal income tax; 2) the State of New Mexico did not have authority to recalculate the federal adjusted gross income reported on the Taxpayers&#8217; federal tax return, and 3) \u00a0the Taxpayers&#8217; refund should be granted because the Department failed to set a prompt hearing on their protest as required by Section 7-1-24 NMSA 1978. Held: The Taxpayers&#8217; 1999 wages were subject to New Mexico income tax; the Department&#8217;s investigative authority includes the authority to recalculate federal adjusted gross income for purposes of determining New Mexico income; and the Department\u2019s delay in setting a hearing does not provide a basis for granting the Taxpayers\u2019 refund. \u00a0Protest denied.<\/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\/22\/2001 01-18 In February 2000, the Taxpayers filed their 1999 personal income tax returns reporting zero federal adjusted gross income on their federal income tax return and reporting zero New Mexico taxable income and zero New Mexico tax due on their state return. The Taxpayers\u2019 1999 W-2 forms showed they had earned income from their [&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":"","_et_gb_content_width":"","footnotes":""},"categories":[43],"tags":[],"class_list":["post-7197","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>James and Terri Holt : 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\/2001\/08\/22\/james-and-terri-holt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"James and Terri Holt : All NM Taxes\" \/>\n<meta property=\"og:description\" content=\"08\/22\/2001 01-18 In February 2000, the Taxpayers filed their 1999 personal income tax returns reporting zero federal adjusted gross income on their federal income tax return and reporting zero New Mexico taxable income and zero New Mexico tax due on their state return. 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