Get the free RPD-41359

This document is used to report the withholding tax by pass-through entities for New Mexico state income tax purposes, including details about the entity and its owners as well as the tax amounts

How to fill out rpd-41359

How to fill out RPD-41359

1. Start by gathering all necessary personal and financial information required for RPD-41359.
2. Begin filling out the form by entering your full name in the designated section.
3. Provide your address, ensuring that it matches the records on file.
4. Complete the contact information section, including your phone number and email address.
5. Fill in any details related to your financial situation, such as income sources and amounts.
6. Review the form for accuracy, ensuring that all information is clear and legible.
7. Sign and date the form at the bottom, affirming the accuracy of the information provided.
8. Submit the completed form to the appropriate agency or department.

Who needs RPD-41359?

1. Individuals applying for specific benefits or financial assistance programs.
2. Businesses looking to report financial information to regulatory bodies.
3. Anyone required to provide detailed personal or financial data for legal purposes.

People Also Ask about

Who is tax exempt in New Mexico?

New Mexico considers you a tax-exempt organization if the federal government has first granted the status to you under Section 501(c) of the Internal Revenue Code with a classification as an educational or social entity. Your gross receipts may be exempt from gross receipts tax under Section 7-9-29 NMSA 1978.

What does it mean to be not subject to withholding?

If an employee qualifies for exemption from withholding, the employee can use Form W-4 to tell the employer not to deduct any federal income tax from wages. This applies only to income tax, not to Social Security or Medicare tax.

What do I do with a schedule K-1 form 1065?

The partnership uses Schedule K-1 to report your share of the partnership's income, deductions, credits, etc. Keep it for your records. Don't file it with your tax return unless you're specifically required to do so.

Do I need to file a New Mexico tax return?

If you are a New Mexico resident, you must file if you meet any of the following conditions: You file a federal return; You want to claim a refund of any New Mexico state income tax withheld from your pay, or. You want to claim any New Mexico rebates or credits.

What is the New Mexico non-resident withholding tax?

The State of New Mexico requires pass-through entities (which may be a state law partnership or a limited liability company taxed as a partnership) to withhold tax at 5.9% on earnings of non-resident partners or members if the owner's distributive share of net income is over $100 in a year.

Who isn't required to file a tax return?

Tax Year 2022 Filing Thresholds by Filing Status Filing StatusTaxpayer age at the end of 2022A taxpayer must file a return if their gross income was at least: single under 65 $12,950 single 65 or older $14,700 head of household under 65 $19,400 head of household 65 or older $21,1506 more rows

Does New Mexico require an annual report?

Nope! New Mexico LLCs are not required to file annual or biennial reports.

Who needs to file a New Mexico tax return?

Every person who is a New Mexico resident or has income from New Mexico sources. Every person who is required to file a federal income tax return.

For pdfFiller’s FAQs

What is RPD-41359?

RPD-41359 is a form used for reporting specific financial information, usually related to tax obligations or regulatory requirements.

Who is required to file RPD-41359?

Entities or individuals who meet certain financial thresholds or regulatory conditions as defined by the relevant authorities are required to file RPD-41359.

How to fill out RPD-41359?

To fill out RPD-41359, one must provide accurate financial data, sign the form, and submit it according to the instructions provided by the governing authority.

What is the purpose of RPD-41359?

The purpose of RPD-41359 is to collect crucial financial data to ensure compliance with tax laws and regulations.

What information must be reported on RPD-41359?

RPD-41359 typically requires reporting of financial metrics such as income, expenses, deductions, and any other relevant financial data as stipulated by the filing instructions.