Application for Tax Clearance for Dissolution or Withdrawal - New Mexico

Application for Tax Clearance for Dissolution or Withdrawal is a legal document that was released by the New Mexico Secretary of State - a government authority operating within New Mexico.

FAQ

Q: What is Tax Clearance?
A: Tax Clearance is a process where a business ensures that all of its tax obligations have been met before dissolving or withdrawing from the state of New Mexico.

Q: Who needs to apply for Tax Clearance?
A: Any business entity that wishes to dissolve or withdraw from New Mexico needs to apply for Tax Clearance.

Q: What is the purpose of applying for Tax Clearance?
A: The purpose of applying for Tax Clearance is to confirm that the business has paid all taxes owed to the state before it ceases operations.

Q: How can I apply for Tax Clearance?
A: You can apply for Tax Clearance by submitting Form ACD-31015 through the Taxpayer Access Point (TAP) system or by mail.

Q: What information is required to apply for Tax Clearance?
A: You will need to provide your business information, including the FEIN or SSN, as well as information about your tax liabilities and any outstanding tax returns.

Q: Are there any fees for applying for Tax Clearance?
A: There are no fees for applying for Tax Clearance in New Mexico.

Q: How long does it take to receive Tax Clearance?
A: The processing time for Tax Clearance applications is usually around 7-10 business days.

Q: What happens if I don't apply for Tax Clearance?
A: If you don't apply for Tax Clearance and still dissolve or withdraw from New Mexico, you may face penalties and legal consequences.

Q: Can I withdraw my Tax Clearance application?
A: Yes, you can withdraw your Tax Clearance application by contacting the New Mexico Taxation and Revenue Department.