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Tax & accounting services in New Mexico

BATS helps individuals and businesses across New Mexico with tax preparation, tax planning, IRS problems, bookkeeping and payroll, with advisors who know New Mexico rules.

New Mexico tax overview

What to know about taxes in New Mexico

New Mexico taxes personal income, and state returns are filed with the New Mexico Taxation and Revenue Department. Planning has to account for both federal and New Mexico rules.

Whether you are filing a personal return, running a growing company or answering a letter from the IRS or the state, we pair you with an advisor who works through New Mexico returns every season.

New Mexico at a glance

State tax agency
New Mexico Taxation and Revenue Department
Income tax on wages
Yes
Local income taxes
Not common
Cities with pages
4

Rates and thresholds change every year. Ask your advisor for the figures that apply to you.

Services in New Mexico

Every BATS service is available in New Mexico

Tax Preparation & Filing

Accurate federal, state and local returns for individuals, businesses, trusts and nonprofits.

Questions

New Mexico tax FAQs

10 answers about taxes in New Mexico.

Do you prepare New Mexico state tax returns?

Yes. We prepare resident, part-year and nonresident New Mexico returns and file them with the New Mexico Taxation and Revenue Department, together with your federal return.

When are New Mexico individual returns due?

Many states follow the federal April 15 deadline, but some set their own dates. We track the New Mexico Taxation and Revenue Department deadlines for you and file extensions when they are needed.

Does New Mexico have a sales tax?

Yes. New Mexico charges sales tax, and local rates can add to the state rate. We help New Mexico businesses register, collect the right rate and file returns with the New Mexico Taxation and Revenue Department.

What payroll registrations does a New Mexico employer need?

Employers generally register with New Mexico for unemployment insurance and state income tax withholding, plus any other state payroll programs that apply. We handle the registrations and the ongoing filings.

Do I need to make New Mexico estimated tax payments?

If you have income without enough withholding, such as self-employment or investment income, New Mexico generally expects estimated payments during the year, with its own thresholds and due dates. We calculate federal and state payments together.

How are LLCs and corporations taxed in New Mexico?

New Mexico applies its own rules to LLCs, S corporations and C corporations, and in some cases charges franchise, gross receipts or minimum taxes regardless of profit. We review how your entity is treated in New Mexico before you form it or make an election.

I moved into or out of New Mexico. What do I file?

Usually a part-year return for each state you lived in during the year, with credits so the same income is not taxed twice. Our multi-state filing service handles this.

Can you represent me with the New Mexico Taxation and Revenue Department?

Yes. In addition to IRS matters, we respond to notices and audits from the New Mexico Taxation and Revenue Department when you authorize us to.

Can a New Mexico business work with BATS remotely?

Yes. We work with New Mexico businesses through video meetings, secure document upload and cloud accounting software, so there is no need to visit an office.

Which New Mexico cities do you serve?

We have dedicated pages for Albuquerque, Las Cruces, Santa Fe, Rio Rancho, and we work with clients anywhere in New Mexico.

Tax help for New Mexico

Book a consultation and get a clear plan for your taxes and books, wherever you are in the U.S.

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