Rpd 41285 Form – Fill Out and Use This PDF

The RPD-41285 form, issued by the New Mexico Taxation and Revenue Department, is an essential document for the Annual Statement of Withholding of Oil and Gas Proceeds. It is mandated for remitters—those paying oil and gas proceeds—to submit this form annually, detailing the gross oil and gas proceeds and the New Mexico state tax withheld for each remittee. To ensure compliance and proper tax filing, recipients are required to attach this form to their New Mexico state income tax return, thereby claiming the amount of tax withheld against personal income or corporate income tax due. Ensure accurate and timely submission of your RPD-41285 by clicking the button below.

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Rpd 41285 Form PDF Details

The RPD-41285 form serves as a crucial document within the New Mexico Taxation and Revenue Department, specifically designed for the annual reporting of withholding on oil and gas proceeds. This form is essential for both remitters, who are the payers of oil and gas proceeds, and remittees, the recipients of these proceeds. It outlines the necessity for remitters to report any oil and gas proceeds paid out, along with any New Mexico state tax withheld from those payments. The form specifies various sections for remitters to fill out, including their identification numbers, contact information, and the details of the oil and gas proceeds. Remittees, on the other hand, are required to attach this form to their New Mexico state income tax return to claim the tax withheld against their income. The form not only facilitates a structured way to report and track taxation on oil and gas proceeds but also ensures compliance with the Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act. Additionally, it contains instructions for electronic filing, the due dates for submission, and the conditions under which this form should be used, encompassing the obligations of both parties involved in the transaction of oil and gas proceeds.

Question	Answer
Form Name	Rpd 41285 Form
Form Length	3 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	45 sec
Other names	remitters, prd 41285, nm form rpd 41285, nm rpd 41285

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RPD-41285 Rev. 09/21/2021

New Mexico Taxation and Revenue Department

Annual Statement of Withholding of Oil and Gas Proceeds

Tax Year	Remitter’s federal identification number
	Mark one	FEIN
	box	SSN

Remitter’s (payer’s) name, street address, city,	Remitter’s NMBTIN (optional)
state, ZIP code, and phone number

Mark box if address	Remittee’s federal identification number
Mark box if address	Mark one	FEIN
outside the U.S.	box	SSN

Remittee’s (recipient’s) name, street address, city,	Gross oil and gas proceeds
state, and ZIP code

	New Mexico state tax withheld
Mark box if address
outside the U.S.

Remittees (recipients) must attach this form to their New Mexico state income tax return to claim

the amount of tax withheld against personal income or corporate income tax due.

RPD-41285 Rev. 09/21/2021

New Mexico Taxation and Revenue Department

Annual Statement of Withholding of Oil and Gas Proceeds

Tax Year	Remitter’s federal identification number
	Mark one	FEIN
	box	SSN

Remitter’s (payer’s) name, street address, city,	Remitter’s NMBTIN (optional)
state, ZIP code, and phone number

Mark box if address	Remittee’s federal identification number
Mark box if address	Mark one	FEIN
outside the U.S.	box	SSN

Remittee’s (recipient’s) name, street address, city,	Gross oil and gas proceeds
state, and ZIP code

	New Mexico state tax withheld
Mark box if address
outside the U.S.

Remittees (recipients) must attach this form to their New Mexico state income tax return to claim

the amount of tax withheld against personal income or corporate income tax due.

RPD-41285 Rev. 09/21/2021

New Mexico Taxation and Revenue Department

Annual Statement of Withholding of Oil and Gas Proceeds

Tax Year	Remitter’s federal identification number
	Mark one	FEIN
	box	SSN

Remitter’s (payer’s) name, street address, city,	Remitter’s NMBTIN (optional)
state, ZIP code, and phone number

Mark box if address	Remittee’s federal identification number
Mark box if address	Mark one	FEIN
outside the U.S.	box	SSN

Remittee’s (recipient’s) name, street address, city,	Gross oil and gas proceeds
state, and ZIP code

	New Mexico state tax withheld
Mark box if address
outside the U.S.

Remittees (recipients) must attach this form to their New Mexico state income tax return to claim

the amount of tax withheld against personal income or corporate income tax due.

RPD-41285 Rev. 09/21/2021

New Mexico Taxation and Revenue Department

Annual Statement of Withholding of Oil and Gas Proceeds

Instructions

page 1 of 2

Who Must File. Remitters (payers) of oil and gas proceeds

from oil and gas production from a well located in New Mexico, who are subject to withholding tax from payments to remit-

tees (recipients), according to the Oil and Gas Proceeds and

Pass-Through Entity Withholding Tax Act (Sections 7-3A-1 through 7-3A-9 NMSA 1978), are required to annually submit

RPD-41285, Annual Statement of Withholding of Oil and Gas Proceeds, Form 1099-MISC, or pro forma Form 1099-MISC (the remitter may use any of these three forms) to:

•New Mexico Taxation and Revenue Department

•Remittees

Remittees must attach the forms received from the remitters to their New Mexico state income tax returns when claiming the amount of New Mexico income and tax withheld against their personal income or corporate income tax due.

IMPORTANT: If the remitter did not pay oil and gas proceeds for a calendar year, no filings are required for that year.

Requirement to Compare Tax Records. The Department is required to compare a remitter’s tax information with a remit- tee’s records. If the Department determines that a remittee is not paying the proper tax on oil and gas proceeds, the

Department may request the remitter to show reasonable

cause for not withholding the proper tax.

If the Department determines that a non-resident remittee is not paying New Mexico income tax on oil and gas proceeds, the Department may notify the remitter that the remitter must

withhold tax from future oil and gas proceeds paid to the remit- tee. If the remitter did not withhold tax because the remitter

and remittee entered into an agreement pursuant to Section

7-3A-3(G) NMSA 1978, the agreement must be revoked and the remitter is held responsible for withholding the required

amount of future tax from the remittee.

INSTRUCTIONS FOR REMITTERS

This section is for remitters. If you are a remittee, see page 2, Instructions for Remittees.

IMPORTANT: You are required to provide sufficient informa- tion to allow remittees to comply with the provisions of the Income Tax Act and the Corporate Income and Franchise Tax Act with respect to the remittee’s share of the gross oil and gas proceeds from a well located in New Mexico.

What to File. To report the New Mexico gross oil and tax pro- ceeds and the state tax withheld for each remittee to whom

you paid proceeds from a New Mexico well, you are required to file one of these forms (any of these forms is acceptable):

•New Mexico Form RPD-41285

•Form 1099-MISC

•A pro forma Form 1099-MISC

NOTE: If the oil and gas proceeds you paid is a combination

of oil and gas proceeds from oil and gas production in multiple states, separately state the oil and gas proceeds derived from New Mexico oil and gas production and the amount of New Mexico tax withheld.

Due Date to Send Forms to Remittees. Send the forms

(RPD-41285,Form1099-MISC,orproformaForm1099-MISC) to remittees by February 15 of the year following the year for which you withheld New Mexico state tax. If February 15 falls

on a Saturday, Sunday, or a state or national legal holiday, the return is timely if the postmark bears the date of the next business day.

RequirementtoFileElectronically.If you have more than 50 remittees, you are required to electronically file RPD-41285, 1099-MISC, or pro forma 1099-MISC. You can file through the Combined Federal/State Filing Program or through the Department website.

How To File With the State. Submit RPD-41285, Form

1099-MISC, or pro forma Form 1099-MISC in one of the fol- lowing ways:

•Submit RPD-41285, Form 1099-MISC, or pro forma Form

1099-MISC electronically using the Department website.

•If you have 50 or fewer remittees, or if you have been granted an exemption to electronically file RPD-41285, you may submit paper forms to New Mexico Taxation and

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

•WithIRSapproval,submit Form 1099-MISCelectronically through the Combined Federal/State Filing Program. You must include state records that bear forwarding codes to New Mexico.

Filing on the Department Website. You can complete and file the New Mexico oil and gas proceeds of remittees and the

New Mexico state tax you withheld in two ways:

•Use a web file application on the Department website to file the information.

•First prepare the report offline, using a format specified by

the Department, and then upload it with Bulk Filing on the

Department website.

NOTE: In June 2014, the online filing location changes from https://efile.state.nm.us to https://tap.state.nm.us.

For Help. For tips about e-filing, go to the Department website at www.tax.newmexico.gov and at the top of the

page click Forms & Publications. Next click Business Taxes, clickOther NM Business Taxes, click Oil and Gas Proceeds Withholding Tax, and then click Oil and Gas Proceeds Annual Detail Report E-File Tips.

RPD-41285 Rev. 09/21/2021

New Mexico Taxation and Revenue Department

Annual Statement of Withholding of Oil and Gas Proceeds

Instructions

page 2 of 2

How to Complete RPD-41285

Column 1

Year and Contact Information

1.Enter the tax year.

2.Enter your name, address, and phone number. If the address is outside the U.S., mark the box.

3.Enter the remittee’s name and address. If the address is outside the U.S., mark the box.

Column 2

Identification Numbers, Proceeds, and State Tax Withheld

1.Enter your federal identification number using hyphens. If the number is a federal employer identification number

(FEIN), enter it in XX-XXXXXXX format and mark the FEIN box. If the number is a social security number, enter it in XXX-XX-XXXX format and mark the SSN box.

2.Enter your New Mexico Business Tax Identification Number (NMBTIN) previously known as the Combined Reporting System (CRS) identification number using hyphens in

XX-XXXXXX-XXX format. If you are not required to have a NMBTIN number, leave this field blank.

3.Enter the remittee’s federal identification number using hyphens. If the number is an FEIN, enter it in XX-XXXXXXX format and mark the FEIN box. If the number is a social security number, enter it in XXX-XX-XXXX format and mark the SSN box.

4.Enter the remittee’s gross oil and gas proceeds from wells located in New Mexico.

5.Enter the New Mexico state tax withheld.

Send Each Remittee a Copy. After completing RPD-41285

(or Form 1099-MISC or pro forma Form 1099-MISC) for all remittees, send each remittee a copy of the form by February 15 or the next business day, if February 15 falls

on a Saturday, Sunday, or a state or national legal holiday.

For More Information. See the instructions for RPD-41374, 2013 Annual Report of Non-Resident Remittees Holding an Agreement to Pay Tax on Oil and Gas Proceeds, and FYI-330, Income and Withholding Returns and Electronic Filing.

For Help. To get help with this form and corporate income taxes, in Santa Fe call (505) 827-0825, call toll free (866) 809- 2335 and select option 4, or send email to cit.taxreturnhelp@ state.nm.us.

INSTRUCTIONS FOR REMITTEES

This section is for remittees. If you are a remitter, see page 1, Instructions for Remitters.

How to File. Attach RPD-41285, Form 1099-MISC, or pro forma Form 1099-MISC to your New Mexico income tax return to claim the amount of tax withheld against your personal or corporate income tax due.

Due Date to File with the State. You are required to file the

RPD-41285,Form 1099-MISC, orproformaForm 1099-MISC that you received from the remitter with your New Mexico income tax return. The due date is the same date your New Mexico income tax return is due.

IMPORTANT: Unless you are listed as the remittee or the re-

cipient of the income, do not attach these forms to your income tax return. When filing your return, you cannot use an income

and withholding statement that is issued to someone else.

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Pay close attention when completing this pdf. Ensure that all necessary fields are filled in accurately.

1. It is recommended to fill out the rpd 41285 properly, thus be attentive when filling in the parts comprising these fields:

2. Soon after filling out this part, go to the next step and fill out all required particulars in these blank fields - Remittees recipients name street, Gross oil and gas proceeds, New Mexico state tax withheld, Mark box if address outside the US, Remittees recipients must attach, the amount of tax withheld against, RPD Rev, Tax Year, New Mexico Taxation and Revenue, Annual Statement of Withholding of, Remitters federal identification, Mark one box, FEIN SSN, Remitters payers name street, and Remitters NMBTIN optional.

Remitters payers name street, New Mexico Taxation and Revenue, and Mark one box of 1978

When it comes to Remitters payers name street and New Mexico Taxation and Revenue, be sure you get them right in this current part. Those two could be the key ones in the file.

3. This stage is going to be hassle-free - fill out every one of the fields in Remittees recipients name street, New Mexico state tax withheld, Mark box if address outside the US, Remittees recipients must attach, and the amount of tax withheld against in order to complete this process.

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