The New Mexico Taxation and Revenue Department recently updated Publication FYI-104, New Mexico Withholding Tax. This publication outlines general information for employers and businesses responsible for calculating, withholding, and remitting withholding tax reports and payments to the New Mexico Taxation and Revenue Department.
The most recent update maintained the language within the publication, and the only updates were to the withholding tables within the publication. This update was made due to certain changes in the federal tax law, and are effective for tax year 2018.
To review this publication in its entirety, please click here and navigate to the Publications folder of the website page tree.
About the Author
Paul Ogawa is a Junior 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.More Content by Paul Ogawa