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Printable Form 872 Las Cruces New Mexico: What You Should Know

This is consistent with regulations that address people who do not have an exit permit as a condition for entry. New Mexico Tax Rates: 2018-19 Personal Income Tax Rate 7,170.25 1.45% 8,050.00 1.45% 8,950.00 2.10% 9,310.00 2.10% 10,950.00 2.10% Business Income Tax Rate 0 1.10% 2.40% 3.60% 4.60% 5.40% Source: Taxation and Revenue New Mexico Form 882/N: New Mexico Personal Property Tax Return New Mexico residents who make 25,000 or less annually and have the right to elect New Mexico property tax exemption from the New Mexico Personal Property Tax must file Form 882/N. New Mexico residents on qualifying fixed assets may choose not to be subject to state and local taxes on property. The only property exemptions are provided for in the income tax laws of Puerto Rico, the Virgin Islands and Guam, and certain island possessions. Form 880: Personal Income Tax Return New Mexico residents who make 100,000 or less annually are required to file an annual Form 880. The Form 880 is intended to assist residents who are required to report and/or remit tax annually and who cannot obtain Form I-871. The Form 880 will determine if the taxpayers qualify for a tax exemption under the provisions of chapter 62. Individual Income Tax Return Required. The Form 880 is required for all residents who make over 25,000 annually. The form is available in New Mexico. New Mexico residents should prepare Form 880-EZ. Form 82: New Mexico Personal Property Tax Return Required. The Form 82 is required for residents who make 100,000 or less annually. The form is available in New Mexico. Form 873: New Mexico Estate Tax Return Required. Residents who make over 100,000 annually should file an Estate Tax Return to claim an exemption from New Mexico Estate Tax if they make or have a right to sell a qualified or depreciable property. Individual Income Tax Return Required. The Estate Tax Return is required for all residents who make over 100,000 annual. The form is available in New Mexico. New Mexico residents should prepare and file an Estate Tax Return using Form 463, Estate Tax Return.

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