New Mexico: 1099 State Filing Requirements
4.3k views | Last modified 1/5/2024 12:44:57 AM EST | Added by TaxBandits Team

The New Mexico Taxation and Revenue Department mandate the filing of the 1099 Forms 

• If there is any state tax withholding, you must file 1099 Forms directly with the state.
• If there is no state tax withholding, the IRS will automatically forward your federal 1099 forms to the state agency since New Mexico is part of the CF/SF program.

TaxBandits supports the e-filing of Form 1099 with both the Federal and State of New Mexico. 

Note: The state does not require a Reconciliation form to be submitted when e-filing form 1099.

What to be filed

Form 1099 - (1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-B, 1099-R, 1099-G, 1099-K, 1099 OID & W-2G)

Form RPD-41072- This reconciliation form must be completed and kept in your records. 

Due Date

The due date to file 1099-MISC with New Mexico is February 15. The due date to file other 1099s with New Mexico is January 31. The deadline to file Form RPD-41072 is February 28.

Penalty

The negligence penalty for late filing or late payment applies if you file late and owe tax, or if you do not pay your tax when due. The penalty is 2% of the tax due for each month or part of a month the return is not filed or the tax is not paid, to a maximum of 20%.

For more information about New Mexico 1099 Reporting Requirements, click here.