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The New Mexico Society of CPAs (“the Society”) recognized and honored Westly Wellborn, CPA, CGMA as the Society’s “Outstanding Member in Public Practice.” At their 22nd Annual Pride in the Profession Awards ceremony. This statewide honor is awarded only once per year. Ms. Wellborn is proud to [...]

There are many reasons people request a tax extension. From incomplete tax documentation to unexpected life events, our reasons may vary, but the need to file remains the same. Usually, the IRS does not need to know the reason you need an extension, but it is best to talk to your accountant to [...]

The New Mexico Taxation and Revenue Department issued a warning to New Mexicans about phone scammers posing as tax agents. The Taxation and Revenue Department received recent reports of aggressive phone calls made by criminals impersonating Taxation and Revenue Employees or Internal Revenue [...]

Be prepared to wait a few extra weeks to receive your New Mexico tax refund this year, as the state is taking extra precautions to protect taxpayers from fraud. The Taxation & Revenue Cabinet Secretary, Demesia Padilla, told lawmakers that the state taxation and revenue information has not [...]

Traditionally, Tax Day is April 15th unless that date falls on a Saturday or a Sunday, in which case the due date for federal income tax returns gets pushed ahead to the next business day. This year, however, Emancipation Day falls on a Saturday and will be observed on the preceding Friday, [...]

If not, this is the year to move forward with renewable energy sources. The Renewable Energy Tax Credit allows a taxpayer to claim a credit of up to 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the [...]