An Overview of New Mexico State Business Income Tax Extension Forms

- Updated Feb 27, 2021 - 8.00 AM by Admin, ExpressExtension

Does New Mexico support tax extension for business tax returns?

Q

Yes. The state of New Mexico requires businesses to file a Federal Form 7004 rather than requesting a separate state tax extension.

State Tax extension Form can be filed only if the federal tax extension
Form 7004
was rejected.

What Form does the state of New Mexico require to apply for
an extension?

Q

The businesses operating (as Corporation or Partnership) in New Mexico need to file Form RPD-41096 with the state to obtain a 6-month extension of time to file their business income tax return with the state.

  • Form RPD-41096 - Application for extension of time for filing state income tax return.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

When is the deadline to file Form RPD-41096 with the state of
New Mexico?

Q
New Mexico Corporation Income & Franchise Tax Extension

New Mexico State General Corporation tax return (Business Operating as C Corporation & Partnership) Form CIT-1 is due by the 15th day of the 3rd month following the end of the corporation reporting period.

For corporations operating on a calendar year, this deadline is on
March 15, 2021.

To file an extension for Form CIT-1, apply for an extension using Form RPD-41096 on or before the same date the business tax return is due. (Not required when you have approved
federal extension)

Form RPD-41096 grants an automatic 6-month extension of time to file the Form CIT-1.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

New Mexico S-Corporation Tax Extension

New Mexico State S-Corporation tax return Form S-Corp-1 is due by the 15th day of the 3rd month following the end of the corporation reporting period.

For S-Corporations operating on a calendar year, this deadline is on
March 15, 2021.

To file an extension for New Mexico Form S-Corp-1, apply for an extension using Form RPD-41096 on or before the same date the business tax return is due. (Not required when you have approved federal extension)

Form RPD-41096 grants an automatic 6-month extension of time to file
Form S-Corp-1.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

How do I pay my balance due along with the extension Form?

Q

An extension of time to file only, it is not an extension of time to pay. Your New Mexico tax liability must be paid by the original due date to avoid penalties and interest. Corporations can use Form CIT-EXT to make a New Mexico extension payment. S corporations should use Form S-CORP-EXT to pay tax with their extension request.

To make an extension payment electronically, go to New Mexico
Online Services:

http://www.tax.newmexico.gov/Online-Services/default.aspx

Where do I mail the extension Form RPD-41096 & Payment Voucher?

Q

Mail NM Extension Form RPD-41096 to the following address:

New Mexico Taxation and Revenue Department,
P.O. Box 630,
Santa Fe, NM 87504-0630.

Mail NM Payment Voucher Form CIT-EXT with payment to the
following address:

New Mexico Taxation and Revenue Department,
P.O. Box 25127,
Santa Fe, NM 87504-5127.

Mail NM Payment Voucher Form S-CORP-EXT with payment to the
following address:

New Mexico Taxation and Revenue Department,
P.O. Box 25127,
Santa Fe, NM 87504-5127.