Tax Relieft for COVID-19: Extension of Time to File
New Mexico Taxes
March 20, 2020
Due to the COVID-19 pandemic and statewide public health emergency, the New Mexico Taxation and Revenue Department has announced that New Mexico taxpayers qualify for an extended return and payment deadline of July 15, 2020. The Taxation and Revenue Department will not impose a late-filing and late-payment penalty assoicated with the extended return filing and payments. Although the TRD will not impose penalty if a taxpayer complies with the extensions set forth, interest is imposed from the original statutory date tax is due because TRD has no authority to waive interest pursuant to Section 7-1-13 NMSA 1978.
New Filing and Payment Deadlines
• New Mexico Personal income tax returns and payments due between April 15, 2020 and July 15, 2020
• New Mexico corporate income tax returns and payments due between April 15, 2020 and July 15, 2020
• Withholding tax returns and payments due between March 25, 2020 and July 25, 2020 may be submitted without penalty no later than July 25, 2020.
To Learn more about the Tax Relief for COVID-19 please view the document below provided by the New Mexico Taxation and Revenue Department.