Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is there a composite return for nonresidents where S corporations can file and pay the corporate tax without filing an individual return?

0
Posted

Is there a composite return for nonresidents where S corporations can file and pay the corporate tax without filing an individual return?

0

Yes, S corporations can file a Form PTE, Income and Information Return for Pass-Through Entities for New Mexico and pay the tax on behalf of nonresident shareholders provided that this is the only income they have from a New Mexico source.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.