Depositing and Reporting Withheld Taxes: New Mexico
Federal law and guidance on this subject should be reviewed together with this section.
Author: Vicki M. Lambert, The Payroll Advisor
Summary
This guide provides compliance guidance for HR and payroll professionals in New Mexico regarding income tax deposit thresholds, forms and due dates; electronic deposit requirements; annual reconciliation forms; Form W-2 filing requirements; and penalties for late filing or payment of taxes.
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