Rpd 41072 Form PDF Details

Are you overwhelmed by trying to understand the complexities of RPD 41072 Forms in 2021? This comprehensive blog post includes everything you need to know about the RPD form. From understanding its purpose and when it's applicable, to completing it accurately and securely, we will cover all aspects of this important but often confusing bureaucratic process. Keep reading for information that can help you make sure your RPD Form experience is as stream-lined and worry-free as possible.

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RPD-41072 Rev. 08/16/2021

New Mexico Taxation and Revenue Department

ANNUAL SUMMARY OF WITHHOLDING TAX

Who Must Complete This Form: Employers, payers and gambling establishment operators who withhold a portion of New Mexico income tax from salaries or wages, from pension or annuity income, or from gambling winnings, may use Form RPD-41072, Annual Summary of Withholding Tax, to reconcile the total amounts shown as withheld on annual statement of withholding information returns furnished to withholdees (Federal Forms W-2, W-2G or 1099R) with the total tax withheld and paid to New Mexico on the CRS-1, Wage Withholding, and/or Non-wage Withholding Tax returns. Do not include tax withheld from oil and gas proceeds or tax withheld by pass-through entities required to withhold from a non-resident owner's share of net income. Remitters of oil and gas proceeds should refer to Form RPD-41283, Annual Summary of Oil and Gas Proceeds Withholding Tax.

Form RPD-41072 should be completed on or before the last day of January of the year following the calendar year in which the tax was withheld. If you file a wage and contribution report, ES903, to the New Mexico Workforce Solutions Department,

or New Mexico Form TRD-31109 to the New Mexico Taxation and Revenue Department (TRD), this form is not required to be submitted to TRD. Retain Form RPD-41072 in your records. Mail the form to New Mexico Taxation and Revenue Depart- ment, P.O. Box 25128, Santa Fe, NM 87504-5128. For assistance call (505) 476-3683.

PART I. Business Information

PLEASE TYPE OR PRINT

NAME

STREET / BOX

CITY, STATE, ZIP

NMBTIN

REPORTING YEAR

 

 

FILING FREQUENCY (Check one)

Monthly

Quarterly

Semiannually

PART II. Schedule of New Mexico Income Tax Withheld and Reported (See instructions.)

MONTH

AMOUNT

MONTH

AMOUNT

MONTH

AMOUNT

1.January

 

5.May

 

9.

September

 

 

 

 

 

 

 

 

2.February

 

6.June

 

10.

October

 

 

 

 

 

 

 

3.March

 

7.July

 

11. November

 

 

 

 

 

 

 

 

4.April

 

8.August

 

12.

December

 

 

 

 

 

 

 

 

TOTAL

(all columns)

PART III. Qualifying Information (See instructions.)

1.

Enter the number of annual statements of withholding submitted. (Federal Forms W-2, W-2G or 1099R)

 

2.

Total New Mexico income tax withheld for the taxable year (as shown on Federal Forms

 

$

 

W-2, W-2G or 1099R)

3.

Total New Mexico income tax withheld and reported during the reporting year

$

 

 

 

4.

Difference. Subtract line 3 from line 2. (See "Other Attachments" in instructions)

$

 

 

 

PART IV. Taxpayer Declaration

I declare that I have examined this return and accompanying documents, and to the best of my knowledge and belief, they are true, correct and complete.

Signature:

Title:

Date:

RPD-41072 Rev. 08/16/2021

New Mexico Taxation and Revenue Department

ANNUAL SUMMARY OF WITHHOLDING TAX

Instructions

PART I. Business Information

Complete the information about your company and the re- porting year (e.g. 2021).

PART II. Schedule of New Mexico Income Tax Withheld and Reported

Enter the New Mexico income tax withheld and reported to the Taxation and Revenue Department on Forms CRS-1, Combined Reporting System Tax Return, TRD-41409, Non- wage Withholding Tax Return and/or TRD-41414, Wage Withholding Tax Return for each month during the reporting year. The reporting month is the month in which the taxes

were withheld and not the month the tax was due. Enter the sum of all "AMOUNT" columns in the box marked "TOTAL".

Note: Form CRS-1 is effective for filing periods June 30, 2021 and prior filing periods. Effective filing periods July 1,

2021 onging withholding tax is reported using TRD-41409 and TRD-41414.

PART III. Qualifying Information

Reconcile the New Mexico income tax withheld and reported on Form TRD-41409 or TRD-41414 to the New Mexico income tax withheld and reported on Federal Forms W-2, W-2G and 1099R.

LINE 1. Enter the number of annual statements of with- holding submitted.

Enterthe number ofannualstatements ofwithholding submit- ted. (Federal Forms W-2, W-2G or 1099R)

LINE 2. Total New Mexico income tax withheld for the taxable year

Enter the total New Mexico income tax withheld for the tax- able year as shown on Federal Forms W-2, W-2G or 1099R.

LINE 3. Total New Mexico income tax withheld and re- ported during the reporting year

Enter the total New Mexico income tax withheld and reported on TRD-41409 or TRD-41414 during the reporting year.

LINE 4. Difference

Subtract line 3 from line 2 and enter the difference.

PART IV. Taxpayer Declaration

Sign and date the form. If applicable, prepare attachments and submit it to the Taxation and Revenue Department.

Other Attachments

Federal Forms W-2, W-2G and 1099R. Attach a copy of all Federal Forms W-2, W-2G and 1099R to this report, that have not been provided to the Taxation and Revenue Department (TRD) by another means.

If you have or will be submitting the information returns to TRD through electronic or magnetic media (see Publication FYI-330, Information Returns and Magnetic Media Filing), you do not need to submit this form or submit Federal Forms W-2, W-2G or 1099R forms to TRD.

If you file a wage and contribution report, ES903, to the New Mexico Workforce Solutions Department, or New Mexico

Form TRD-31109 to the Taxation and Revenue Department, you do not need to submit this form or submit Federal Forms W-2, W-2G or 1099R forms to TRD.

If You Discover a Discrepancy

If you have underreported withholding on your CRS- 1,TRD-41409, and/or TRD-41414 returns, you must submit

amended returns for the period(s) in which underreporting occurred and remit the difference.

Ifyouhaveoverpaidwithholdingonyourreturns,youmustsub- mit Form RPD-41071, Application for Refund, and amended

returns for the period(s) in which overpayments occurred. No refund will be paid on the basis of this report alone.

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