Businesses navigating the regulatory landscape in New Mexico may find themselves needing to update their business tax registration information due to various changes—be it ownership transitions, address modifications, or changes in business activities. The ACD 31075 form, revised in December 2014, facilitates these updates across a wide range of tax programs including Gross Receipts, Compensating, Withholding, and Workers Compensation Fee, among others. Completion of this form requires careful attention, where only the sections necessitating changes should be filled. Significantly, it incorporates details such as the New Mexico Taxation and Revenue Department Identification Number (NM TRD ID#), Federal Employer Identification Number (FEIN), and specifics on the business's name, addresses, and contact information. It also allows for alterations in business activities, the status of liquor licenses, contractor's licenses, and other specialized registrations. Additionally, it is essential for adjustments in filing status for periodic tax obligations. Businesses must understand the importance of providing complete and accurate information to avoid potential issues with tax qualifications or compliance. Whether it's a change in ownership needing a new NM TRD ID#, a shift in the business start date, or a modification of the tax filing schedule, this form is pivotal for ensuring that the state's records accurately reflect the current status of a business. Moreover, the form details the process for requesting a letter of no objection in case of selling or transferring a liquor license, essential for maintaining legality in business operations. Accurate completion and timely submission of the ACD 31075 form not only keep a business in good standing but also prevent complications related to taxation and regulatory compliance.
| Question | Answer |
|---|---|
| Form Name | Acd 31075 Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | new mexico acd 31075, nm acd instruction, nm business update, form acd fill |
ACD - 31075
Rev. 12/14
This business tax registration update is to be used for the following tax programs: Gross Receipts, Compensating, Withholding, Workers Compensation Fee, Gasoline, Special Fuels, Cigarette, Tobacco Products, Severance, Resource, Water Producers and Gaming Activities. All attachments must contain the business name and New
Mexico Taxation and Revenue Department Identification Number (NM TRD ID#). Should you need assistance completing this update, please contact the department at one of the offices listed below.
COMPLETE ONLY THE AREAS TO BE UPDATED OR CHANGED – If the ownership of a proprietorship has changed, a new NM TRD ID# is required (i.e. A proprietorship has now become a corporation; a different family member is now taking ownership of the family business, etc). If the owner- ship of a partnership has changed (i.e. a partner is no longer involved or you wish to add a partner) a new NM TRD ID# is required.
CURRENT INFORMATION
1.Provide the New Mexico Taxation and Revenue Department Identification Number (NM TRD ID#)
2.Provide the Federal Employer Identification Number (FEIN) if applicable. If the FEIN has changed as a result of an ownership change, a new NM TRD ID# is required.
3.Provide the current business name and name the business is Doing Business As (DBA) (as it appears on Taxation and Revenue Department records before the change is made).
NEW INFORMATION
4.Enter the name you are DOING BUSINESS AS if applicable.
5.Change the business registration status to ACTIVE or CLOSED. Circle one. Provide an effective date for the status change.
6.Change the Business Start Date if the date originally indicated is incorrect and no business activity has occurred.
7.Change as needed the Business Name, DBA, Business Phone Number and Extension, Other Phone Number, Mailing Address, Business Location Address and add any other physical locations. (Attach additional pages if necessary). Complete ONLY items that have changes.
8.Check Yes or No. Every employer, including employers of some agricultural workers, who withhold a portion of an employee’s wages for payment of federal income tax, must withhold NM income tax..
9.Check the box to Add or Delete the Workers’ Compensation Fee status. Provide an effective date when you become (or plan to become) a covered employer or are no longer subject to the fee. For more information contact the Workers’ Compensation Administration at (505)
10.Seasonal Businesses only – When the business is engaged in business activity outside the Business Season, the entity is no longer a Seasonal Business. Indicate the new Business Season for a seasonal business only.
11.Request to change the CRS filing Status to Monthly, Quarterly, or
a)Monthly – due by the 25th of the following month if combined taxes due average more than $200 per month or if you wish to file monthly regardless of the amount due. Monthly periods are from the 1st of each month to the last day of each month.
b)Quarterly- due by the 25th of the month following the end of the quarter if combined taxes due for the quarter are less than $600 or an average of less than $200 per month in the quarter. Quarters are January 1st - March 31st; April 1st – June 30th ; July 1st – September 30th ; October 1st – December 31st.
c)Semiannual due by the 25th of the month following the end of the
12.Add or Delete the business activity in which the business is engaged. More than one business activity can be selected. Please describe all business activities that are "added". If you are unsure as to your entity's business classification, please contact one of offices listed below.
13.Briefly describe the nature of the type(s) of business in which you will be engaging. The lack of information may affect the type of NTTC for which you qualify.
14.Add or Delete the Federal Employer Identification Number (FEIN), issued by the Internal Revenue Service. If the FEIN has changed as a result of an owner ship change, a new NM TRD ID# is required.
15.Liquor License Type/Number. - Add, Delete or Change the Liquor License Type/No. issued by the Alcohol and Gaming Division of the Regulation and Licensing
Department.
16.Secretary of State Business Number. – Add, Delete or Change the Business Number issued by the Secretary of State.
17.RLD Contractor's License Number. – Add, Delete, or Change the License Number issued by the Construction Industries Division of the Regulation and Licensing
Department.
18.Special Tax Registration information – Add or Delete an activity, which qualifies for Special Tax purposes. A Special Tax Registration form must be com pleted when adding an activity. Taxpayers selling, leasing, or transferring a liquor license should request a letter of no objection from the Taxation & Revenue
Department.
19.Check this box if you are closing a business. Proprietorships may want to request a Letter of Good Standing from the Department to verify that there are no outstanding liabilities or
20.You may update an owner’s or partner’s address, telephone number, or
21.The registration update should be signed by an Owner, Partner, Corporate Officer, Association Member, Shareholder, or authorized representative.
Taxation & Revenue Department Manuel Lujan Sr. Building 1200 South St. Francis Dr.
PO Box 5374
Santa Fe, NM
Return this form and all attachments to one of the offices listed below.
Taxation & Revenue Department |
Taxation & Revenue Department |
2540 El Paseo, Bldg #2 |
400 N. Pennsylvania Ste.200 |
PO Box 607 |
PO Box 1557 |
Las Cruces, NM |
Roswell, NM |
(575) |
(575) |
Taxation & Revenue Department |
Taxation & Revenue Department |
5301 Central NE |
3501 E. Main St., Suite N |
PO Box 8485 |
PO Box 479 |
Albuquerque, NM |
Farmington, NM |
(505) |
(505) |