It is not necessary to file a New Mexico Extension of time to file unless you need more time than the Federal Automatic Extension allows. If you have obtained a Federal Automatic Extension, you do not need to submit an Application for Extension of Time to File. Extension payment vouchers are available for personal income tax, corporate income and franchise tax, fiduciary income tax and pass-through entity information returns.
For income taxes use an extension payment voucher. If you expect to owe tax when you file your return, the best policy is to make a payment. If tax is due, interest accrues from the original due date of the tax. The Secretary determines whether extensions are granted.Īn extension of time to file your return does NOT extend the time to pay. We do not grant longer periods unless you demonstrate sufficient need for additional time. Initial extensions are typically granted for a period of 60 days. If youre filing taxes in Maine or Massachusetts, where the 18th is a state holiday, you can file taxes on April 19, 2022. Extensions also are not granted because of an excessive workload. Your business tax-filing deadline for the 2021 tax year is probably April 18, 2022. Inability to pay the tax is not sufficient reason for issuance of an extension.
The application must establish that your business is unable to file the return by the due date because of circumstances beyond your control. We grant reasonable extensions of time for filing a business return if you file the extension application on time. tion must file a final return or apply for an extension of time to file a final return on or before the 15th day after the date that the corporation ceases to be sub-ject to the GCT or BCT.
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