Form 202N Sales to Ten or Fewer Purchasers Notice of Claim of Exemption - New Mexico

What Is Form 202N?

This is a legal form that was released by the New Mexico Regulation & Licensing Department - a government authority operating within New Mexico. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 202N?
A: Form 202N is a Notice of Claim of Exemption in New Mexico for sales to ten or fewer purchasers.

Q: Who uses Form 202N?
A: This form is used by sellers in New Mexico who are claiming an exemption for sales made to ten or fewer purchasers.

Q: What is the purpose of Form 202N?
A: The purpose of Form 202N is to notify the New Mexico Taxation and Revenue Department that the seller is claiming an exemption for sales made to ten or fewer purchasers.

Q: Do I need to fill out Form 202N?
A: You need to fill out Form 202N if you are a seller in New Mexico and you are claiming an exemption for sales made to ten or fewer purchasers.

Q: Are there any fees associated with Form 202N?
A: No, there are no fees associated with Form 202N.

Q: When do I need to submit Form 202N?
A: You need to submit Form 202N to the New Mexico Taxation and Revenue Department before or at the time of making the exempt sales to ten or fewer purchasers.