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Albuquerque New Mexico online Form 2555: What You Should Know

New Mexico Taxation Form Tax Notice 1099-B All New Mexico residents are required to file a 1099-B by June 30 each year. This notice tells us when and how to file the form that reports your income for the year. · Online Tax Preparer License — New Mexico To file your New Mexico forms online go to to see the necessary forms and fees. Form 2555 — New Mexico The forms and instructions for filing this and other types of forms are available at . IRS Tax Tips A New Mexico resident earning more than 75,000 (a married couple earning at least 150,000 or a couple filing jointly earning 199,000) is taxed at the Federal Level, the New Mexico State Level and the Albuquerque County Level. To see if you are a Federal Taxpayer, go to and click on the Federal Taxpayer section. The maximum filing penalty for a New Mexico Tax Return is 10,000.   A New Mexico resident who has a federal tax liability, but is not required to report the New Mexico income or information on Tax return may claim an exemption for that amount. The amount of the exemption depends on the number of dependents for whom you are filing the return. See the form 2555 for the New Mexico tax year, Form 2555.pdf, for more details on the form 2555, including the exemptions and the credit or payment due to the resident for that amount.

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