File Your New Mexico Business Taxes with Ease
X.TAX provides expert Business tax solutions for filing all your NM business tax forms, 100% accuracy, Audit Protect and Assist Filing.
Simplify Your New Mexico Tax Filing
Stay compliant and maximize tax benefits for your NM business.
New Mexico offers a favorable business tax environment with a 5.9% corporate income tax rate. The state provides various tax credits and incentives, such as the Rural Jobs Tax Credit and the Manufacturer’s Investment Tax Credit. This supportive landscape fosters economic growth and innovation, making New Mexico an attractive hub for businesses.
New Mexico Business Tax Forms
Know NM Business Tax Forms, which required for your business to stay compliant with New Mexico regulations and avoid penalties.
Corporations
- Form 1120 (C Corporation Income Tax Return)
- Form 1120S (S Corporation Income Tax Return)
- Form CIT-1: Corporate Income and Franchise Tax Return
- Form CIT-2: Corporate Income and Franchise Tax Payment Voucher
Partnerships
- Form 1065 (Partnership Income Tax Return)
- Form PTE: New Mexico Pass-Through Entities Tax Return
LLCs
-
Multi-member LLCs typically file:
Form 1065 (Partnership Income Tax Return)
Estate and Trust Tax Forms
- Form RPD-41096 (Fiduciary Income Tax Return)
- Form FID-1: New Mexico Fiduciary Income Tax Return
Filing New Mexico Taxes Made Simple
Fast, secure, and reliable tax filing with X.TAX.
Create an Account
Set up your profile securely.
Upload Your Information
Enter your income, expenses, and tax forms.
Review for Errors
Use smart tools to verify accuracy.
Submit to the State
File with one click and track your submission.
Stay Ahead of New Mexico Tax Deadlines
Never miss an important filing date with X.TAX reminders.
| Business Type | Forms | Due Date |
|---|---|---|
| Corporations | Form 1120 | April 15, 2025 |
| Form 1120S | March 15, 2025 | |
| Form 5 | April 15, 2025 | |
| Partnerships | Form 1065 | March 15, 2025 |
| Form 3 | March 15, 2025 | |
| Form 1CNP | April 15, 2025 | |
| LLCs and Sole Proprietors | Form 1 | April 15, 2025 |
| Form Corp-ES | Quarterly payments due on April 15, June 15, September 15, and January 15 | |
| Form PW-1 | April 15, 2025 | |
| Estates and Trusts | All necessary forms for Wisconsin estate and trust filings are typically | April 15, 2025 |
New Mexico Tax Exemptions for Businesses
Reduce your tax burden with these NM Biz exemptions.
Sales and Use Tax Exemptions
Income Tax Exemptions
Property Tax Exemptions
X.TAX- Your NM Biz Tax Filing Solution
Filing your New Mexico business taxes has never been easier.
Audit Protect
- Detect and address audit triggers early using Data Signals.
- Manage audits efficiently with full support from X.TAX.
RiskScore
- Track your IRS account status in real time.
- Receive alerts about potential filing issues or unresolved balances.
AItomatic Filings
- Let CPAs handle your filings for $250.
- Includes audit protection for a full year.
QuickBooks Integration
- Import financial data directly for faster, error-free filings.
What New Mexico Businesses Say About X.TAX
Real stories from satisfied X.TAX users.
New Mexico Tax Filing FAQs
Get answers to your most pressing tax questions.
Why choose X.TAX for NM business taxes?
X.TAX makes filing effortless with tools for accuracy, compliance, and expert support.
What forms does my business need?
Our platform identifies the forms required for corporations, partnerships, and estates.
Can I file an extension with X.TAX?
Yes, we help file extensions like Form S-Corp-EXT for corporations and partnerships.
Are there exemptions my business can claim?
Yes, New Mexico offers sales and income tax exemptions for manufacturing, data centers, and more.
How secure is my data with X.TAX?
We use advanced encryption to keep your information safe.
Does X.TAX support amendments?
Absolutely. We support amended returns like Form CIT-3 for corporations.
Can X.TAX handle late filings?
Yes, our tools and CPAs help minimize penalties for late filings.
