Taxpayers in Lincoln and Doña Ana Counties impacted by recent flooding have been granted an extension for filing business tax returns. The Taxation and Revenue Department (TRD) announced that affected businesses can now submit their returns, originally due on July 25 and August 25, by October 27 without incurring penalties. However, state law prevents the waiver of interest.
To qualify for this extension, taxpayers must inform TRD via letter or email, providing necessary documentation to prove they are affected. This notification can occur before filing or after receiving a notice for late payment penalties and interest.
Further details regarding eligibility and requirements are outlined in Bulletin 100.47, accessible in the publications folder on the Forms & Publications webpage. Additionally, taxpayers may complete Form RPD-41096 to request an extension of time to file. More information is available on the department's webpage.
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