New Mexico business compliance calendar: annual report, taxes, employer filings

New Mexico business compliance calendar

What New Mexico asks of a company or a nonprofit registered or doing business there, beyond the federal filings every organization owes. Pick your entity type for the full calendar with dates.

Registration and franchise filings

Entity	Filing	Fee	If missed
Corporations	Biennial corporate report, by the 15th day of the 4th month after the fiscal year ends (April 15 for a calendar year), every second year, with the New Mexico Secretary of State	$25	$200 late penalty
LLCs	No annual report
Partnerships	No annual report
Nonprofits	Annual report, by the 15th day of the 5th month after the fiscal year ends (May 15 for a calendar year), with the New Mexico Secretary of State	$10	$200 late penalty

Taxes and employers

Corporate income tax: Yes. C corporations file a New Mexico return by the 15th day of the fourth month after the year ends, with the New Mexico Taxation and Revenue Department.
Personal income tax: Yes. S corporations and partnerships file a New Mexico information return, and employers withhold state income tax.
Employers: Register for unemployment insurance and file wage reports every quarter. Reconcile income tax withholding after year end.
Sources: New Mexico Secretary of State, New Mexico Taxation and Revenue Department

All New Mexico rules in the pack

New Mexico biennial corporate reportby the 15th day of the 4th month after the fiscal year ends (April 15 for a calendar year), every second year
New Mexico nonprofit annual reportby the 15th day of the 5th month after the fiscal year ends (May 15 for a calendar year)
New Mexico charitable organization annual reportby the last day of the 6th month after the fiscal year ends (the last day of June for a calendar year)
New Mexico corporate income tax returnby the 15th day of the 4th month after the fiscal year ends (April 15 for a calendar year)
New Mexico corporate estimated tax paymenton the 15th day of the 4th, 6th, 9th, 12th months of the fiscal year (April 15, June 15, September 15, December 15 for a calendar year)
New Mexico pass through entity returnby the 15th day of the 3rd month after the fiscal year ends (March 15 for a calendar year)
New Mexico personal income tax return with business incomeby April 15 each year
New Mexico unemployment insurance wage reportby the last day of the 1st month after each quarter
New Mexico annual withholding reconciliationby January 31 each year
New Mexico sales tax returnby the 20th day of the 1st month after each quarter

Your company's compliance calendar

Three answers to start. Refine it after.

What kind of organization is it?

An LLC's tax treatment decides which federal return it files. Choose the line that matches yours. Nonprofits are covered too.

State of formation

Employees

Count everyone on payroll. An S corporation's working owners are employees: they are paid a salary.

Where is it based? The state of the office, or of most of the people

A company based outside its state of formation is registered in both and files in both.

More about the company: other states, payroll, dates, abroad

Company name

Date registered in each other state

Optional. Some states key their report to the day you registered there rather than your date of formation; without it, the formation date stands in and the calendar says so.

Who runs payroll?

Fiscal year ends in

Date of formation

New Mexico keys its report to this date. Add it and the calendar places it.

Annual revenue

Some taxes start at a revenue threshold.

We pay independent contractors We offer a retirement plan (401(k), SIMPLE, SEP)

Outside the United States We hold a bank or financial account outside the US A person or company outside the US owns 25% or more of it We own 10% or more of a company outside the US We pay people or companies outside the US

Each adds the FinCEN or IRS form that comes with it: the FBAR, Form 5472, Form 5471, Forms 1042 and 1042-S.

No account needed. Nothing is stored until you save it.