2016 NM Non Resident Tax Forms: Essential Guidelines & Information

Are You a Non-Resident in New Mexico? Here’s What You Need to Know About Your 2016 Tax Forms

Have you recently moved to New Mexico and are now a non-resident? If so, you might be wondering about your tax obligations and how to file your 2016 tax forms. Don’t worry; we’ve got you covered. In this article, we’ll guide you through the process of filing your New Mexico non-resident tax forms for the year 2016.

Understanding Non-Resident Tax Forms

First, let’s clarify what non-resident tax forms are. If you are not a resident of New Mexico but earned income in the state, you are required to file a non-resident tax return. This applies to individuals, partnerships, estates, and trusts. Now, let’s dive into the details.

Eligibility for Non-Resident Tax Forms

Are you eligible to file a non-resident tax return in New Mexico? Here are some key points to consider:

Not a resident of New Mexico for the entire year
Earned income in New Mexico
Received unemployment compensation from New Mexico
Received retirement income from a New Mexico source

Required Forms and Documentation

When filing your non-resident tax return, you will need the following forms and documentation:

New Mexico Tax Form 200NR (Non-Resident Income Tax Return)
New Mexico Tax Form 200NR-EZ (Non-Resident Income Tax Return – Short Form)
W-2 forms from employers in New Mexico
1099 forms for any income received from New Mexico sources
New Mexico residency certificate, if applicable

How to File Your Non-Resident Tax Return

Now that you have all the necessary forms and documentation, it’s time to file your non-resident tax return. Here are the steps to follow:

Complete Form 200NR or 200NR-EZ, depending on your situation.
Calculate your New Mexico taxable income by subtracting your New Mexico deductions from your total income.
Calculate your New Mexico tax liability by applying the appropriate tax rate to your taxable income.
Include any credits you may be eligible for, such as the New Mexico non-resident credit.
Pay any tax due or request a refund, if applicable.
Submit your completed forms and payment to the New Mexico Taxation and Revenue Department.

Key Takeaways

Here’s a summary of the key points covered in this article:

Non-residents who earned income in New Mexico must file a non-resident tax return.
Required forms include Form 200NR and 200NR-EZ, along with W-2 and 1099 forms.
Follow the steps outlined to file your non-resident tax return accurately and on time.

By understanding your tax obligations and following the proper procedures, you can ensure a smooth tax filing process. If you have any questions or need further assistance, don’t hesitate to contact the New Mexico Taxation and Revenue Department.