CRS and Tax Reporting
To file a Combined Reporting System (CRS) in New Mexico, first determine which jurisdictions you must file in. Obtain necessary forms and information to fill out for each jurisdiction. Complete forms, then submit to appropriate authorities. You must complete an application form to file an International Fuel Tax Agreement (IFTA) in New Mexico. Submit by mail or in person for $3.50 per decal set. You will receive credentials within 1-2 weeks.
Businesses file a single tax return through the Combined Reporting System to report in multiple jurisdictions. No fee to register or obtain a CRS ID number. Return forms to any tax office or register online to instantly receive a number. Mailed forms take 1-2 weeks to process. You can pay gross receipts tax online when e-filing your return. For no additional charge, pay by electronic check.
NM Business Tax ID Number
To receive your CRS ID Number, register your new business online with the NM Tax and Revenue Department. You will receive a NM Business Tax ID Number and filing frequency. After registering, you will obtain numbers for the required tax accounts.
Most new NM businesses file and pay sales tax monthly. Depending on tax collected, you may file quarterly instead. Non-Taxable Transaction Certificates do not expire. Sellers keep certificates on file, not filed with the state. Sellers are not required to accept certificates.
NM recognizes federal personal tax extension forms, granting automatic state extensions. File NM taxes electronically through preparers or using approved software.
Contact Information and Additional Procedures
To contact the IRS, call 1-800-829-4933.
Find printed NM tax forms at District Offices.
All NM business owners need a CRS number, regardless of business structure. It is a first step when starting a business.
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