New Mexico Issues Withholding Tax Extensions Due to COVID-19

Paul Ogawa
April 22, 2020

New Mexico Taxation & Revenue recently published a bulletin describing withholding tax relief due to the COVID-19 pandemic. For withholding taxes due to be reported and paid between March 25, 2020 and July 25, 2020, taxpayers may report or pay without penalty no later than July 25, 2020. This includes those withholding payments and reports submitted using the combined reporting system (CRS).

Please note that Taxation & Revenue does not have the authority to waive interest on payments due, so payments made after their due date but within the deferment period will continue to accrue interest until paid.

To review this bulletin in its entirety, please click here to download the PDF.

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Paul Ogawa

Paul Ogawa is a Senior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.
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