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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

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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

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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

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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

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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

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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

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answered on Oct 31, 2025

You may still have options to challenge or review the levy, even though the claim dates back to 2013. In New Mexico, the Taxation & Revenue Department must follow specific procedures before issuing a levy, including providing notice of assessment and giving you a chance to dispute the claim. If... View More

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answered on Oct 17, 2025

It’s understandable to feel uncertain when there’s no written agreement but everyone has contributed equally and participated in the business. In New Mexico, when partners operate without a written partnership or LLC operating agreement, state law generally treats all partners as having equal... View More

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answered on Jun 30, 2025

If the county assessor fails to disclose the method used to determine market value, that may constitute a failure of discovery under New Mexico’s property tax protest procedures. The hearing officer has broad discretion to exclude evidence that was not properly disclosed or that prejudices your... View More

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answered on Jun 30, 2025

Before filing anything, you’ll need to determine whether the federal government can even be sued in this context. The IRS is protected under sovereign immunity, and exceptions—like under the Federal Tort Claims Act or the Administrative Procedure Act—are limited. Your claim must fit squarely... View More

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answered on Apr 2, 2025

Hire a NM attorney to construct those gifts. They involve many different laws and may require a trust or a gift to minor act, etc. The expense required may not justify this.

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answered on Jan 16, 2025

Unfortunately, F-1 visa students are generally not eligible for Advance Premium Tax Credits (APTC) through the Health Insurance Marketplace, as these credits are limited to U.S. citizens and specific categories of lawfully present immigrants.

Since you received APTC while being ineligible,... View More

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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

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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

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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

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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.

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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

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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

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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

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