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My husband use to live in NM and now lives in texas. Last month we received a letter from the state saying they were putting a lien on our house for a $13000 unpaid tax debt from 2013. My husband said he didn't even file taxes that year but the state claims he did and also claims he made a... View More
answered on Apr 16, 2024
It sounds like you are in a challenging situation with the New Mexico tax authorities. Here are a few key points and suggestions:
1. Statute of limitations: Generally, states have a limited time period to assess and collect taxes, known as the statute of limitations. For New Mexico, the... View More
To provide them means giving them access to thousands of clients contact information.
answered on Mar 13, 2024
In general, businesses are required to maintain records and provide information to state tax authorities to verify tax compliance, including the collection of sales tax on out-of-state sales. However, there are a few important considerations:
1. Verify the request: Ensure that the request... View More
Is there a smarter way to handle this? I know the bank will report this deposit to the IRS and I don't want it to intrigue the IRS or trigger and audit, but splitting this up into several checks would be considered "structuring" and that's illegal. What if my uncle sent the... View More
answered on Feb 22, 2024
Receiving a $25,000 check as a gift from your uncle shouldn't inherently cause problems with the IRS, especially since you're self-employed. The IRS allows individuals to give a gift of up to $16,000 per recipient per year without needing to report the gift. Since the amount exceeds this... View More
Gross wage theft, unpaid overtime, retaliation, eviction, disposal of personal belongings, 2 years plus of employment, and rent was deducted from pay check. While on call 24/7, they did not pay taxes and more.
answered on Dec 25, 2023
In New Mexico, if you're dealing with unpaid overtime, wage theft, and other employment-related issues, there are several steps you can take. First, consider filing a wage claim with the New Mexico Department of Workforce Solutions. This department handles wage disputes and can investigate... View More
Third party name on taxes and my step father Also worked at the same company preparer works for and preparer worked for x husband's company meanwhile I am a W2 workers but somehow they changed my income 73,000
answered on Dec 25, 2023
If you suspect preparer fraud in your business tax filings, it's important to address this issue promptly and thoroughly. First, review your tax returns carefully to understand the discrepancies, especially if your income was inaccurately reported.
For addressing preparer fraud, you... View More
A truck driver is exempt for hauling feed for live stock under this code. Will the the truck driver be exempt when hauling to and from the auction?
answered on Dec 1, 2023
The specific Agricultural Deductions code you're referring to seems to be designed to provide tax benefits for activities directly related to agriculture, such as the buying and selling of livestock. In the context of auctioneers, this would typically cover transactions involving livestock.... View More
They should have known the limitation of their own rules and statutes,
answered on Oct 13, 2024
It sounds like you're facing a challenging situation with the waiver you signed after the statute of limitations had expired. When a state requires you to sign such a waiver, it's important to understand your rights and whether the timing affects its validity.
The 14th Amendment... View More
I hope you're doing well. I’m considering dissolving my LLC, which is based in New Mexico. The LLC has not generated any income, except for a personal transaction of $3 via Wise.
I appreciate your insight and guidance on this matter.
answered on Sep 30, 2024
Dissolving your LLC in New Mexico is a straightforward process, but you should ensure all financial obligations are addressed before doing so. The $3 Wise transfer you mentioned sounds like a personal transaction, and if the LLC didn’t generate any income, it's unlikely to have significant... View More
It will be 57000
answered on Jul 26, 2024
If your son is receiving an inheritance of $57,000 from his grandmother and you open a joint account with him, the inheritance itself is not subject to federal income tax. Generally, inheritances are not considered taxable income for federal tax purposes.
However, placing the inheritance... View More
Apparently he didn't have any kids people that he would have left it to as far as I've been told it's been vacant for a very long time and nobody's really done anything except for them putting a sign that says substandable with black letters on the board that says no rest not... View More
answered on May 22, 2023
Hire a NM attorney to search the title, then check on tax payments. An heirship determination will have to be made. If no tax sale or foreclosure is imminent, then try to purchase a Deed from all tenants in common heirs. Property may not be worth the trouble.
Need to move a mobile home but there is a gross receipts tax lien does it affect the mobile home in state of new mexico
answered on May 7, 2023
Yes, a state tax lien can affect the moving of a mobile home in the state of New Mexico. The lien gives the state the right to seize and sell the mobile home in order to satisfy the outstanding tax debt. It is important to resolve the tax lien before attempting to move the mobile home to avoid any... View More
state it said I suppose to get $374.00 back from state but State sent letter they kept $374.00 for 2014 gross recipe taxes HOW DO FIND OUT what's going on with that H&R BLOCK said they made no mistakes on 2014 tax return
answered on Mar 4, 2023
If you received a letter from the state indicating that they kept $374.00 of your refund for 2014 gross receipt taxes, it is possible that there was an outstanding tax liability or other issue related to your 2014 tax return. Here are some steps you can take to investigate further:
Review... View More
answered on Mar 4, 2023
Under tax law, you may be able to claim foster children as dependents on your taxes if they meet certain criteria, including the length of time they were in your care. To claim a foster child as a dependent, the child must have lived with you for more than half the tax year and meet other... View More
I want to file for bankruptcy. I think i was a victim of a scam. I have not filed my taxes for 2020 and 2021 and know that I owe $140K for 2020 and will owe for 2021 and 2022. I wont be able to pay those in my lifetime. I took out loans and a lot of my retirement funds in 2020 and 2021 with a scam.... View More
answered on Jul 11, 2022
You should go see a good bankruptcy lawyer because you sound like a candidate for relief. On a board like this individualized advice is impossible.
When you go to the lawyer be prepared to complete a questionnaire that will list all your assets and all debts. Your best tax relief can come... View More
A non-citizen (no green cards either) couple have 4 children born in US and parents have SSNs because both spouses had temporary work authorizations during their stay in the US. How can the couple claim their child tax credit when they are not in the US any more? A US based income or permanent... View More
answered on May 4, 2021
This is more of a question for a Certified Public Accountant than an Immigration attorney. Best wishes!
answered on Feb 4, 2020
I'm sorry to hear about that. You've got a pretty complicated issue you may be better off going directly to an attorney and having a private consult with them. I'm not sure you're going to get useful answers to your situation in a forum such as this.
answered on Dec 28, 2019
NM Gross Receipts Tax is a unique tax in that anyone who sells a good or service in New Mexico owes it. It’s similar to a “sales tax” but is only levied on the seller and not the buyer. While there are a few exceptions, unless you qualify for one of them and timely file an NTTC, you are... View More
This is for assessing property taxes.
answered on Dec 28, 2019
I’m not entirely sure what you’re asking. The “homestead exemption” in New Mexico offers protection when debts are being collected from an individual...creditors are unable to force someone from their home to pay a debt (up to $60,000 is protected from creditors in these situations, see... View More
I am an artist in NM. In 2013 & 2014 I sold work through a gallery. They collected gross receipts tax from buyers & paid taxes on the full amount of each sale. I reported the income I received from sales on federal & state returns. Recently I was audited by NM Tax. & Rev. They... View More
answered on Dec 27, 2019
Based on the information you provided, you are actually in a somewhat complicated situation. You’re going to need to “get moving” soon, because there’s a 60-day within which you need to apply for a retroactive exemption to the NTTC. This pamphlet should get you started:... View More
My son is enrolled in the school district's post high school special needs transition program. This program requires transporting him to different job sites throughout the week. The school district does not provide transportation to the program sites. Transportation is provide by the city... View More
answered on Aug 24, 2019
Yes, transportation expenses for the beneficiary that are required as part of the educational program are considered qualified expenses. Make sure you retain receipts and the information regarding the necessity of the transportation in case of audit.
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