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NEW MEXICO P.O. Box 25128 TRY website l Taxation and Revenue Department Santa Fe, New Mexico 87504-5128 l 505-827-0700 http://www.tax.newmexico.gov/ For Reporting Gross Receipts, Withholding and Compensating
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What is nm crs form?
The NM CRS form is the New Mexico Combined Reporting System form. It is a form used by businesses to report their income and apportionment factors for tax purposes in the state of New Mexico.
Who is required to file nm crs form?
All corporations, partnerships, and other entities that have nexus with New Mexico and meet certain revenue thresholds are required to file the NM CRS form.
How to fill out nm crs form?
To fill out the NM CRS form, businesses need to provide information about their income, apportionment factors, and any adjustments or deductions. The form must be completed accurately and in accordance with the instructions provided by the New Mexico Taxation and Revenue Department.
What is the purpose of nm crs form?
The purpose of the NM CRS form is to determine the amount of tax owed by businesses operating in New Mexico. It allows the state to calculate the income tax liability based on the business's income and apportionment factors.
What information must be reported on nm crs form?
The NM CRS form requires businesses to report their total income, apportionment factors such as sales, property, and payroll, any adjustments or deductions, and other relevant financial information.
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