E-File Your New Mexico 1099 Forms With Ease

For New Mexico state tax filing, the following 1099 forms are required:

• Form 1099-NEC – Nonemployee Compensation
• Form 1099-MISC – Miscellaneous Information
• Form 1099-B – Proceeds from Broker and Barter Exchange Transactions
• Form 1099-DIV – Dividends and Distributions
• Form 1099-G – Certain Government Payments
• Form 1099-INT – Interest Income
• Form 1099-K – Payment Card and Third-Party Network Transactions
• Form 1099-OID – Original Issue Discount
• Form 1099-R – Distributions from Pensions, Annuities, etc.
• Form W-2G – Certain Gambling Winnings

These forms are required for reporting various types of income and withholding for New Mexico state taxes.

No, there is no additional form required specifically for New Mexico state filing beyond the standard forms for withholding, such as Form W-2 or 1099 for income reporting.

The deadline for filing 1099 forms with New Mexico, if they include state income tax withholding, is January 31, 2025. Forms without withholding are also due by this date. If the deadline falls on a weekend or holiday, it is extended to the next business day.

In New Mexico, a negligence penalty applies if you file Form 1099 late or fail to pay the tax due on time. The penalty is 2% of the tax due for each month, or part of a month, the return is delayed or the tax remains unpaid, with a maximum penalty of 20%..