New Mexico Form 433-B 2025

New Mexico Form 433-B: What You Should Know

This federal form consists of the gross income listed on the Federal Form 1040. For more information on Personal Income Tax, please click here. Form 903 (Individuals) — Federal Tax Withholding New Mexico residents who are filing a New Mexico Individual Income Tax Return must include Form 903 with all of their tax returns. Federal withholding will be due as shown on Form 903. For more information, click here. Form 846 — New Mexico Sales and Use Tax Return New Mexico residents whose business income is derived from sales of property or personal property, or that derives income which is subject to the state tax, are required to file a form in lieu of F1 to report sales of property or personal property in New Mexico. The Form 846 is filed by the business entity and not by an individual. For more information, click here. Form 902-A — Individual Income Tax Returns All New Mexico residents and businesses must file a form in lieu of Form 902 if they do not have an employer-employee relationship with a New Mexico employer. For individuals, Form 902 A is to be used to report only income from wages and compensation for personal services. For more information, click here. Form 903 — Personal Income Tax Return New Mexico residents and businesses must file a form in lieu of Form 903 if they do not have an employer-employee relationship with a New Mexico employer, even if they are not required to include income from wages and compensation in the Federal Form 1040. For individuals, Form 903 is to be used to report only income from wages and compensation, which is not subject to the New Mexico income tax. For more information, click here.

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