New Mexico Tax Department Announces TAP Update Allows More Income, Sales, Excise Tax Account Changes

The New Mexico Taxation and Revenue Department (TRD) Dec. 7 issued information regarding the Taxpayer Access Point (TAP) for individual income, corporate income, trust income, sales and use, property, and excise tax purposes. The TAP has added new tools for taxpayers to keep their accounts up to date. Taxpayers can now use TAP to update their organization’s officers, their addresses and their “Doing Business As” designations. It is no longer necessary to file paper forms to make the changes. The TRD provides steps for taxpayers to update their tax accounts. Taxpayers also can grant third parties, such as accountants and ...