Best Tax Lawyers Santa Fe, NM

Santa Fe, NM Tax FAQs

• Where does the Tax Court hold trial sessions closest to Santa Fe, New Mexico?

  The nearest place of trial for Santa Fe tax matters is located in Albuquerque, NM. Please check your trial notice for the exact address.

• Where is the low-income taxpayer clinic that is closest to Santa Fe, New Mexico?

  The New Mexico Legal Aid Low Income Taxpayer Clinic is the closest low-income taxpayer clinic to Rio Rancho. The clinic is at 505 Marquette Ave. NW Albuquerque, NM, 87102 (87125-5486). You can call the clinic at 1-833-LGL-HELP (1-833-545-4357) or 1-866-416-1922.

• How does tax evasion differ from tax avoidance, and what are the penalties if you get convicted of tax evasion in Santa Fe?

  Tax evasion is the willful underpayment or non-payment of taxes you owe to the government. On the other hand, tax avoidance is deliberately minimizing your tax liability to keep more of your income. Tax evasion carries heavy penalties due to its felony status. Getting convicted in Santa Fe can result in a fine of up to $100,000 and a prison sentence of up to five years.

• Can a tax attorney help with problems related to unfiled tax returns in Santa Fe?

  If you need more time to file your tax return, your Santa Fe tax attorney can help you request a filing extension. A tax lawyer can pursue a penalty abatement to reduce the penalties and negotiate a payment plan for the outstanding tax delinquencies if you owe significant fines and interest due to failing to file or filing your tax return late. Speak with a local tax attorney to find out other solutions to your tax problems.

• Can you anonymously make a report on someone whom you think is involved in tax fraud in Santa Fe?

  Yes. You can report tax fraud in Santa Fe and the people involved in it to the New Mexico Taxation & Revenue Department without giving your details. Call the state’s 24-hour tax fraud hotline at 1-866-457-6789 to make the report. You can also email tax.fraud@tax.nm.gov or fill out a Fraud Information Report Form and mail it anonymously to New Mexico Taxation and Revenue Department Tax Fraud Investigations Division P.O. Box 8487 Albuquerque, NM 87198.

• What steps should you take if you want to appeal the Santa Fe IRS’ decision on your taxes?

  Once the IRS has issued a decision on your taxes or your Offer in Compromise request, you will receive a letter stating your right to appeal. You need to respond within 30 days. Work with a Santa Fe tax attorney on your response. In addition, don’t go directly to the Office of Appeals to contest the IRS’ decision. Not following the process guidelines and missing needed information can have your appeal denied.

• Do you have to pay an excise tax for a car you bought in Santa Fe but got titled in your home state?

  You don't need to pay motor vehicle excise tax in Santa Fe for the car if you are a non-resident and the car is titled in another state. The same applies if you are purchasing vehicles to sell or lease them. However, if you bought a car in another state and brought it to New Mexico, where you are a resident, there may be applicable taxes.