{ "batch": "728-new-mexico-creator-tax-treatment", "articles": [ { "id": "learn_r728_new_mexico_creator_tax_treatment_728_new_mexico_creator_tax_treatment_anchor_ch7", "category": "Business", "title": "[Unverified - being checked] New Mexico Statutes Annotated 1978: Chapter 7 - Taxation (anchor)", "summary": "[Unverified - being checked] The official NMSA 1978 site (NMOneSource.com, New Mexico Compilation Commission) publishes Chapter 7 NMSA 1978 under the title 'Chapter 7 - Taxation'; its text is the chapter PDF linked from this index page.", "body": "The official NMSA 1978 site (NMOneSource.com, New Mexico Compilation Commission) publishes Chapter 7 NMSA 1978 under the title 'Chapter 7 - Taxation'; its text is the chapter PDF linked from this index page.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“Chapter 7 - Taxation - NMOneSource.com”\n\nNote: Anchor record: official statute site (Compilation Commission). The statute text itself is only published there as a chapter PDF.", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/item/4340/index.do", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "Chapter 7 - Taxation - NMOneSource.com", "volatility": "low", "from_batch": "728-new-mexico-creator-tax-treatment", "subject": "New Mexico Statutes Annotated 1978", "topic": "Chapter 7 - Taxation (anchor)", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" }, "verification": { "status": "unverified", "label": "Unverified - being checked", "reasons": [ "legal_fetch_over_cap" ], "checked_utc": "20261021-123916Z" } }, { "id": "learn_r728_new_mexico_creator_tax_treatment_728_new_mexico_creator_tax_treatment_s723", "category": "Business", "title": "NMSA 1978, 7-2-3: Imposition of income tax on residents and on non-residents earning in New Mexico", "summary": "NMSA 7-2-3: a tax is imposed at the rates in the Income Tax Act on the net income of every resident individual and of every non-resident individual employed or engaged in the transaction of business in, into or from the state.", "body": "NMSA 7-2-3: a tax is imposed at the rates in the Income Tax Act on the net income of every resident individual and of every non-resident individual employed or engaged in the transaction of business in, into or from the state.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“A tax is imposed at the rates specified in the Income Tax Act upon the net income of every resident individual and upon the net income of every nonresident individual employed or engaged in the transaction of business in, into or from this state”", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/4340/1/document.do", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "A tax is imposed at the rates specified in the Income Tax Act upon the net income of every resident individual and upon the net income of every nonresident individual employed or engaged in the transaction of business in, into or from this state", "volatility": "low", "from_batch": "728-new-mexico-creator-tax-treatment", "subject": "NMSA 1978, 7-2-3", "topic": "Imposition of income tax on residents and on non-residents earning in New Mexico", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r728_new_mexico_creator_tax_treatment_728_new_mexico_creator_tax_treatment_s727", "category": "Business", "title": "NMSA 1978, 7-2-7: Joint filers and head of household: rate bands up to 5.9%", "summary": "NMSA 7-2-7(A): for tax years beginning on or after 1 January 2025, married joint filers, heads of household and surviving spouses pay 1.5% up to $8,000, with bands of 3.2%, 4.3%, 4.7%, 4.9% and a top band of 5.9% over $315,000 of taxable income.", "body": "NMSA 7-2-7(A): for tax years beginning on or after 1 January 2025, married joint filers, heads of household and surviving spouses pay 1.5% up to $8,000, with bands of 3.2%, 4.3%, 4.7%, 4.9% and a top band of 5.9% over $315,000 of taxable income.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“A. For married individuals filing joint returns, heads of household and surviving spouses: For taxable income: The tax shall be: Not over $8,000 1.5% of taxable income Over $8,000 but not over $25,000 $120 plus 3.2% of excess over $8,000”\n\nNote: Quote is the first two bands; the other bands of subsection A are in the same text (top band: $14,624 plus 5.9% of excess over $315,000). Single filers: see batch 374.", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/4340/1/document.do", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "A. For married individuals filing joint returns, heads of household and surviving spouses: For taxable income: The tax shall be: Not over $8,000 1.5% of taxable income Over $8,000 but not over $25,000 $120 plus 3.2% of excess over $8,000", "volatility": "medium", "from_batch": "728-new-mexico-creator-tax-treatment", "subject": "NMSA 1978, 7-2-7", "topic": "Joint filers and head of household: rate bands up to 5.9%", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r728_new_mexico_creator_tax_treatment_728_new_mexico_creator_tax_treatment_s7212", "category": "Business", "title": "NMSA 1978, 7-2-12: Return due on or before the federal due date", "summary": "NMSA 7-2-12: a New Mexico filer must file the return and pay the tax on or before the due date of the federal income tax return for the taxable year.", "body": "NMSA 7-2-12: a New Mexico filer must file the return and pay the tax on or before the due date of the federal income tax return for the taxable year.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“shall, on or before the due date of the resident's or individual's federal income tax return for the taxable year, file the return and pay the tax imposed for that year.”", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/4340/1/document.do", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "shall, on or before the due date of the resident's or individual's federal income tax return for the taxable year, file the return and pay the tax imposed for that year.", "volatility": "low", "from_batch": "728-new-mexico-creator-tax-treatment", "subject": "NMSA 1978, 7-2-12", "topic": "Return due on or before the federal due date", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r728_new_mexico_creator_tax_treatment_728_new_mexico_creator_tax_treatment_s72122", "category": "Business", "title": "NMSA 1978, 7-2-12.2: Estimated tax: required annual payment", "summary": "NMSA 7-2-12.2(B): the required annual payment is the lesser of 90% of the tax shown on the return or 100% of the prior year's tax if the prior year was a twelve-month year with a New Mexico return.", "body": "NMSA 7-2-12.2(B): the required annual payment is the lesser of 90% of the tax shown on the return or 100% of the prior year's tax if the prior year was a twelve-month year with a New Mexico return.\n\nWhat New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com) actually says:\n\n“(1) \"required annual payment\" means the lesser of: (a) ninety percent of the tax shown on the return of the taxable year or, if no return is filed, ninety percent of the tax for the taxable year; or (b) one hundred percent of the tax shown on the return for the preceding taxable year”", "source_type": "official", "source_link": "https://nmonesource.com/nmos/nmsa/en/4340/1/document.do", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Compilation Commission (NMSA 1978 on NMOneSource.com)", "evidence_quote": "(1) \"required annual payment\" means the lesser of: (a) ninety percent of the tax shown on the return of the taxable year or, if no return is filed, ninety percent of the tax for the taxable year; or (b) one hundred percent of the tax shown on the return for the preceding taxable year", "volatility": "medium", "from_batch": "728-new-mexico-creator-tax-treatment", "subject": "NMSA 1978, 7-2-12.2", "topic": "Estimated tax: required annual payment", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r728_new_mexico_creator_tax_treatment_728_new_mexico_creator_tax_treatment_estself", "category": "Business", "title": "New Mexico Taxation and Revenue Department: Self-employed use quarterly estimated payments (PIT-ES)", "summary": "The withholding requirement for self-employed, retired or investment-income individuals can be met with quarterly estimated payments; the underpayment penalty is computed if the shortfall exceeds $1,000.", "body": "The withholding requirement for self-employed, retired or investment-income individuals can be met with quarterly estimated payments; the underpayment penalty is computed if the shortfall exceeds $1,000.\n\nWhat New Mexico Taxation and Revenue Department actually says:\n\n“If the difference between the tax shown on the return and the total of estimated tax payments and withholding tax paid is more than $1,000 the Taxation and Revenue Department determines whether the required annual payment was made and computes an underpayment penalty.”", "source_type": "official", "source_link": "https://www.tax.newmexico.gov/individuals/estimated-payments/", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Taxation and Revenue Department", "evidence_quote": "If the difference between the tax shown on the return and the total of estimated tax payments and withholding tax paid is more than $1,000 the Taxation and Revenue Department determines whether the required annual payment was made and computes an underpayment penalty.", "volatility": "medium", "from_batch": "728-new-mexico-creator-tax-treatment", "subject": "New Mexico Taxation and Revenue Department", "topic": "Self-employed use quarterly estimated payments (PIT-ES)", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r728_new_mexico_creator_tax_treatment_728_new_mexico_creator_tax_treatment_icgrt", "category": "Business", "title": "New Mexico Taxation and Revenue Department: Self-employed creators owe gross receipts tax on receipts", "summary": "In New Mexico, pay received by independent contractors is subject to gross receipts tax unless an exemption or deduction applies; the Department accepts the IRS determination of contractor or employee status.", "body": "In New Mexico, pay received by independent contractors is subject to gross receipts tax unless an exemption or deduction applies; the Department accepts the IRS determination of contractor or employee status.\n\nWhat New Mexico Taxation and Revenue Department actually says:\n\n“We accept the determination of the Internal Revenue Service regarding your status as an independent contractor or an employee.”", "source_type": "official", "source_link": "https://www.tax.newmexico.gov/businesses/independent-contractors-vs-employees/", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Taxation and Revenue Department", "evidence_quote": "We accept the determination of the Internal Revenue Service regarding your status as an independent contractor or an employee.", "volatility": "medium", "from_batch": "728-new-mexico-creator-tax-treatment", "subject": "New Mexico Taxation and Revenue Department", "topic": "Self-employed creators owe gross receipts tax on receipts", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r728_new_mexico_creator_tax_treatment_728_new_mexico_creator_tax_treatment_form1099", "category": "Business", "title": "PIT-1 filers keep 1099s and W-2s to support income", "summary": "A New Mexico return is supported by the financial documents sent by income sources, for example W-2s and 1099s.", "body": "A New Mexico return is supported by the financial documents sent by income sources, for example W-2s and 1099s.\n\nWhat New Mexico Taxation and Revenue Department actually says:\n\n“You will need the financial documents sent to you from your income sources, for example W-2’s, 1099’s etc. to support your income and any withholding.”\n\nNote: Nothing on this page, or in the Income Tax Act sections read, requires a New Mexico-specific copy of a 1099-K or 1099-NEC from a platform.", "source_type": "official", "source_link": "https://www.tax.newmexico.gov/individuals/personal-income-tax-information-overview/", "last_verified": "2026-10-18", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "New Mexico Taxation and Revenue Department", "evidence_quote": "You will need the financial documents sent to you from your income sources, for example W-2’s, 1099’s etc. to support your income and any withholding.", "volatility": "medium", "from_batch": "728-new-mexico-creator-tax-treatment", "subject": "New Mexico Taxation and Revenue Department", "topic": "PIT-1 filers keep 1099s and W-2s to support income", "applies_to_country": "US", "applies_to_scope": "NM", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us-nm" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } } ] }