How to File and Pay Sales Tax in New Mexico
Quick Answer: This blog gives instructions for how to file and pay sales tax in New Mexico with the Combined Reporting System Return (CRS), a return commonly used by out-of-state sellers. Once a return is submitted, a payment can be made electronically.
Do You Need to File a New Mexico Sales Tax Return?
Once you have an active sales tax permit in New Mexico, you will need to begin filing sales tax returns. Not sure if you need a permit in New Mexico? No problem. Check out our blog, Do You Need to Get a Sales Tax Permit in New Mexico?
Also, If you would rather ask someone else to handle your New Mexico filings, our team at TaxValet can handle that for you with our Done-for-You Sales Tax Service. We specialize in eliminating the stress and hassle of sales tax.
How to Sign-in and File a Return on New Mexico’s Website
Of special importance, please note that the New Mexico website will time you out after 30 minutes of inactivity and will NOT save your work. So do make sure you have all your information in front of you before you start.
Step 1: The first step in filing your New Mexico sales tax return is to log into https://tap.state.nm.us/TAP/_/
If you do not have a username and password you need to click on “Sign up now” and then follow the instructions for signing up.
Step 2: You should now be on your homepage. Click on the account that you want to file returns for.
Step 3: Click on “File Return” for the period you want to file. In this example, I would click near the date of 09/30/2019. You will need either a Federal Identification Number (FEIN), social security number, individual taxpayer identification number (ITIN) or your CRS account number to continue filing. Once you have filled out the necessary information on this page, click “Next”.
Step 4: Answer yes or no to the listed questions per your situation.
Step 5: If you answer yes to “Do you have gross receipts to report?”, then another screen pops up for you to put your figures into.
In this example, you would choose “88-888 – Out-of-state business”. You may have different locations depending on your situation. Please note, if you have marketplace sales they will go into the “Total Deductions” line.
Once complete, click “OK”. You should do this for any of the other questions as well.
Step 6: You now should have your sales tax figure in front of you. If you agree with the total, check the pink box and click “Submit”. Please note that once you click “Submit” you will not be able to make changes.
Hooray! You have now filed your return.
Also, make sure to save the confirmation number that comes up on the screen after submitting your return. We also recommend saving a copy of your return for your records.
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How to Pay New Mexico’s Sales Tax
Now that you have filed your sales tax return, it is time to make your payment. To get started, click “make an e-payment” at the bottom of the screen.
You have two choices for payment. You can either pay with a credit card (a 2.4% extra fee will be assessed) or with an e-check (free).
In this example, I am choosing to make a sales tax payment using e-check. To complete the process, fill out your banking information and the date you want to pay. Then click “Submit”.
Things to Consider After Filing a Sales Tax Return in New Mexico
If you forgot to print or save a copy of your sales tax return, you still can! Login again and choose “Select Sales and Use Tax.” On the bottom left-hand side of the page you can “View, Print and Save Filed Returns.”
How to Get Help Filing a New Mexico Sales Tax Return
Lastly, here is the contact information for the state if case you end up stuck or have questions along the way. You can contact the state of New Mexico directly by phone at (866) 285-2996.
If instead, you are looking for a team of experts to handle your sales tax returns for you each month, you should check out our Done-for-You Sales Tax Service. Feel free to contact us if you’re interested in becoming a client!
Disclaimer: Our attorney wanted you to know that no financial, tax, legal advice or opinion is given through this post. All information provided is general in nature and may not apply to your specific situation and is intended for informational and educational purposes only. Information is provided “as is” and without warranty.