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New Mexico Annual Statement of Withholding of Oil and Gas Proceeds
Form RPD-41285 (Obsolete) is obsolete, and is no longer supported by the New Mexico Department of Revenue.
Extracted from PDF file 2019-new-mexico-form-rpd-41285.pdf, last modified September 2014Annual Statement of Withholding of Oil and Gas Proceeds
RPD-41285 Rev. 09/02/2014 New Mexico Taxation and Revenue Department Annual Statement of Withholding of Oil and Gas Proceeds Tax Year Remitter’s federal identification number Remitter’s (payer’s) name, street address, city, state, ZIP code, and phone number Remitter’s CRS identification number (optional) Mark box if address outside the U.S. Remittee’s (recipient’s) name, street address, city, state, and ZIP code Mark one box Remittee’s federal identification number Mark one box FEIN SSN FEIN SSN Gross oil and gas proceeds New Mexico state tax withheld Mark box if address outside the U.S. Remittees (recipients) must attach this form to their New Mexico state income tax return to claim the amount of tax withheld against personal income or corporate income tax due. RPD-41285 Rev. 09/02/2014 New Mexico Taxation and Revenue Department Annual Statement of Withholding of Oil and Gas Proceeds Tax Year Remitter’s federal identification number Remitter’s (payer’s) name, street address, city, state, ZIP code, and phone number Remitter’s CRS identification number (optional) Mark box if address outside the U.S. Remittee’s (recipient’s) name, street address, city, state, and ZIP code Remittee’s federal identification number Mark one box Mark one box FEIN SSN FEIN SSN Gross oil and gas proceeds New Mexico state tax withheld Mark box if address outside the U.S. Remittees (recipients) must attach this form to their New Mexico state income tax return to claim the amount of tax withheld against personal income or corporate income tax due. RPD-41285 Rev. 09/02/2014 New Mexico Taxation and Revenue Department Annual Statement of Withholding of Oil and Gas Proceeds Tax Year Remitter’s federal identification number Remitter’s (payer’s) name, street address, city, state, ZIP code, and phone number Remitter’s CRS identification number (optional) Mark box if address outside the U.S. Remittee’s (recipient’s) name, street address, city, state, and ZIP code Remittee’s federal identification number Mark one box Mark one box Gross oil and gas proceeds New Mexico state tax withheld Mark box if address outside the U.S. Remittees (recipients) must attach this form to their New Mexico state income tax return to claim the amount of tax withheld against personal income or corporate income tax due. FEIN SSN FEIN SSN RPD-41285 Rev. 09/02/2014 New Mexico Taxation and Revenue Department Annual Statement of Withholding of Oil and Gas Proceeds Instructions page 1 of 2 Who Must File. Remitters (payers) of oil and gas proceeds from oil and gas production from a well located in New Mexico, who are subject to withholding tax from payments to remittees (recipients), according to the Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act (Sections 7-3A-1 through 7-3A-9 NMSA 1978), are required to annually submit RPD-41285, Annual Statement of Withholding of Oil and Gas Proceeds, Form 1099-MISC, or pro forma Form 1099-MISC (the remitter may use any of these three forms) to: • New Mexico Taxation and Revenue Department • Remittees Remittees must attach the forms received from the remitters to their New Mexico state income tax returns when claiming the amount of New Mexico income and tax withheld against their personal income or corporate income tax due. IMPORTANT: If the remitter did not pay oil and gas proceeds for a calendar year, no filings are required for that year. Requirement to Compare Tax Records. The Department is required to compare a remitter’s tax information with a remittee’s records. If the Department determines that a remittee is not paying the proper tax on oil and gas proceeds, the Department may request the remitter to show reasonable cause for not withholding the proper tax. If the Department determines that a non-resident remittee is not paying New Mexico income tax on oil and gas proceeds, the Department may notify the remitter that the remitter must withhold tax from future oil and gas proceeds paid to the remittee. If the remitter did not withhold tax because the remitter and remittee entered into an agreement pusuant to Section 7-3A-3(G) NMSA 1978, the agreement must be revoked and the remitter is held responsible for withholding the required amount of future tax from the remittee. INSTRUCTIONS FOR REMITTERS This section is for remitters. If you are a remittee, see page 2, Instructions for Remittees. IMPORTANT: You are required to provide sufficient information to allow remittees to comply with the provisions of the Income Tax Act and the Corporate Income and Franchise Tax Act with respect to the remittee’s share of the gross oil and gas proceeds from a well located in New Mexico. What to File. To report the New Mexico gross oil and tax proceeds and the state tax withheld for each remittee to whom you paid proceeds from a New Mexico well, you are required to file one of these forms (any of these forms is acceptable): • New Mexico Form RPD-41285 • Form 1099-MISC • A pro forma Form 1099-MISC NOTE: If the oil and gas proceeds you paid is a combination of oil and gas proceeds from oil and gas production in multiple states, separately state the oil and gas proceeds derived from New Mexico oil and gas production and the amount of New Mexico tax withheld. Due Date to Send Forms to Remittees. Send the forms (RPD‑41285, Form 1099-MISC, or pro forma Form 1099‑MISC) to remittees by February 15 of the year following the year for which you withheld New Mexico state tax. If February 15 falls on a Saturday, Sunday, or a state or national legal holiday, the return is timely if the postmark bears the date of the next business day. Requirement to File Electronically. If you have more than 50 remittees, you are required to electronically file RPD‑41285, 1099-MISC, or pro forma 1099-MISC. You can file through the Combined Federal/State Filing Program or through the Department website. How To File With the State. Submit RPD-41285, Form 1099‑MISC, or pro forma Form 1099-MISC in one of the following ways: • Submit RPD-41285, Form 1099-MISC, or pro forma Form 1099-MISC electronically using the Department website. • If you have 50 or fewer remittees, or if you have been granted an exemption to electronically file RPD-41285, you may submit paper forms to New Mexico Taxation and Revenue Department, P.O. Box 25127, Santa Fe, New Mexico 87504-5127. • With IRS approval, submit Form 1099-MISC electronically through the Combined Federal/State Filing Program. You must include state records that bear forwarding codes to New Mexico. Filing on the Department Website. You can complete and file the New Mexico oil and gas proceeds of remittees and the New Mexico state tax you withheld in two ways: • Use a web file application on the Department website to file the information. • First prepare the report offline, using a format specified by the Department, and then upload it with Bulk Filing on the Department website. NOTE: In June 2014, the online filing location changes from https://efile.state.nm.us to https://tap.state.nm.us. For Help. For tips about e-filing, go to the Department website at www.tax.newmexico.gov and at the top of the page click Forms & Publications. Next click Business Taxes, click Other NM Business Taxes, click Oil and Gas Proceeds Withholding Tax, and then click Oil and Gas Proceeds Annual Detail Report E-File Tips. RPD-41285 Rev. 09/02/2014 New Mexico Taxation and Revenue Department Annual Statement of Withholding of Oil and Gas Proceeds Instructions page 2 of 2 How to Complete RPD-41285 Column 1 Year and Contact Information 1. Enter the tax year. 2. Enter your name, address, and phone number. If the address is outside the U.S., mark the box. 3. Enter the remittee’s name and address. If the address is outside the U.S., mark the box. Column 2 Identification Numbers, Proceeds, and State Tax Withheld 1. Enter your federal indentification number using hyphens. If the number is a federal employer identification number (FEIN), enter it in XX-XXXXXXX format and mark the FEIN box. If the number is a social security number, enter it in XXX-XX-XXXX format and mark the SSN box. 2. Enter your Combined Reporting System (CRS) identification number using hyphens in XX‑XXXXXX-XXX format. If you are not required to have a CRS number, leave this field blank. 3. Enter the remittee’s federal identification number using hyphens. If the number is an FEIN, enter it in XX-XXXXXXX format and mark the FEIN box. If the number is a social security number, enter it in XXX-XX-XXXX format and mark the SSN box. 4. Enter the remittee’s gross oil and gas proceeds from wells located in New Mexico. 5. Enter the New Mexico state tax withheld. Send Each Remittee a Copy. After completing RPD-41285 (or Form 1099-MISC or pro forma Form 1099-MISC) for all remittees, send each remittee a copy of the form by February 15 or the next business day, if February 15 falls on a Saturday, Sunday, or a state or national legal holiday. For More Information. See the instructions for RPD-41374, 2013 Annual Report of Non-Resident Remittees Holding an Agreement to Pay Tax on Oil and Gas Proceeds, and FYI‑330, Income and Withholding Returns and Electronic Filing. For Help. To get help with this form and corporate income taxes, in Santa Fe call (505) 827-0825, call toll free (866) 809-2335 and select option 4, or send email to [email protected]. INSTRUCTIONS FOR REMITTEES This section is for remittees. If you are a remitter, see page 1, Instructions for Remitters. How to File. Attach RPD-41285, Form 1099-MISC, or pro forma Form 1099-MISC to your New Mexico income tax return to claim the amount of tax withheld against your personal or corporate income tax due. Due Date to File with the State. You are required to file the RPD -41285, Form 1099-MISC, or pro forma Form 1099‑MISC that you received from the remitter with your New Mexico income tax return. The due date is the same date your New Mexico income tax return is due. IMPORTANT: Unless you are listed as the remittee or the recipient of the income, do not attach these forms to your income tax return. When filing your return, you cannot use an income and withholding statement that is issued to someone else.
Form RPD-41285 (Obsolete)
More about the New Mexico Form RPD-41285 (Obsolete) Other
Obsolete
We last updated the Annual Statement of Withholding of Oil and Gas Proceeds in April 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the New Mexico Taxation and Revenue Department. You can print other New Mexico tax forms here.
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| Form Code | Form Name |
|---|---|
| Form RPD-41317 | Solar Market Development Income Tax Credit Claim F |
| Form RPD-41083 | Affidavit to Obtain Refund of NM Tax due a Deceased Taxpayer |
| Form RPD-41285 (Obsolete) | Annual Statement of Withholding of Oil and Gas Proceeds |
| Form ACD-31102 | Tax Information Authorization |
| Form RPD-41272 | Calculation of Estimated PIT Underpayment Penalty Form |
View all 81 New Mexico Income Tax Forms
Form Sources:
New Mexico usually releases forms for the current tax year between January and April. We last updated New Mexico Form RPD-41285 (Obsolete) from the Taxation and Revenue Department in April 2021.
Historical Past-Year Versions of New Mexico Form RPD-41285 (Obsolete)
We have a total of nine past-year versions of Form RPD-41285 (Obsolete) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form RPD-41285 (Obsolete)
RPD-41285
2013 Form RPD-41285 (Obsolete)
RPD-41285
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