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State of New Mexico Taxation and Revenue Department CRS1 LONG FORM PAGE 1 COMBINED REPORT SYSTEM Mail to: NM Taxation and Revenue Department, P.O. Box 25128, Santa Fe, NM 875045128 NEW MEXICO CRS
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What is combined report system?
The combined report system is a method of reporting financial information for multiple entities together as a group rather than individually.
Who is required to file combined report system?
Entities that are part of a combined group, as defined by tax regulations, are required to file a combined report system.
How to fill out combined report system?
To fill out the combined report system, all relevant financial information for each entity in the combined group must be collected and consolidated into a single report.
What is the purpose of combined report system?
The purpose of the combined report system is to provide a more accurate representation of the financial situation of a group of entities that are under common control.
What information must be reported on combined report system?
The combined report system typically requires information such as income, expenses, assets, and liabilities for each entity in the combined group.
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