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in the news • State and Tax News Alert - New Mexico Tax Amnesty - June 2010
A Tax Amnesty period was approved in New Mexico's legislative session earlier this year that will operate in conjunction with the state's Managed Audit program. The Managed Audit program has been available for some years now, but has had restrictions on which taxpayers are eligible to participate.
• How Health Care Reform Will Affect Your Tax Bill - April 2010
On March 23, 2010, President Obama signed the Patient Protection and Affordable Care Act, representing a sweeping overhaul of the U.S. health care system. The act expands individuals' access to health coverage and includes tax provisions affecting individuals and businesses. We have provided you with an overview of the 2,400-page act and its major tax-related provisions.
• 2010 Standard Mileage Rates - January 2010
The IRS has issued the 2010 standard mileage rates for deductible business, medical, moving, or charitable transportation expenses paid or incurred on or after January 1, 2010, and for mileage allowances and reimbursements paid on or after January 1, 2010.
• New Mexico Gross Receipt Tax Rate Changes - January 2010
New Mexico Taxation and Revenue Department announces new Gross Receipts Tax Rates effective January 1 through June 30, 2010.
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