2010 IRS Tax Forums

To register go to: http://www.irstaxforum.com , click on “Register,” then “Register as an Attendee,” and enter your contact information. In the drop-down box that says “Conference Role,” select “Partner Association.” After selecting NAEA and filling in your member number, the next screen will ask for your “Access Code” (NAEATEN) and an exclusive NAEA discount will be applied. The discount is only valid for early bird registration.

The cost of enrollment for those who pre-register is $206 per person, a savings of $129 off the late or on-site registration price of $335. Pre-registration ends two weeks prior to the start of each forum. http://www.irs.gov/newsroom/article/0,,id=223454,00.html

New Mexico 2010 Tax Amnesty

The New Mexico legislature authorized the Department of Taxation and Revenue to offer a tax amnesty of no more than 180 days in fiscal years 2010 and 2011 and to provide for a waiver of penalties and interest for participating taxpayers. The 2010 Tax Amnesty period began June 7, 2010 and terminates September 30, 2010. Tax Year 2009 is excluded arom amnesty. Important details available at: http://www.taxamnesty.newmexico.gov/index.html

Check out the NEW!! REDESIGNED!! New Mexico Taxation & Revenue main website at:

Weight Distance Tax E-filing

It’s the end of the road for paper returns. Time to e-file your weight distance tax. We encourage you to take advantage of electronic filing whenever possible. Electronic filing is safe and secure. Access online filing at https://efile.state.nm.us/uls2/Logon.aspx

for Weight Distance taxes to file over the Internet 24 hours a day, seven days a week, and to pay Weight Distance taxes by credit card, electronic check and automated clearing house. Whether you are filing a single return or bulk filing, you can do it online. If you have two or more trucks, you are required to file your weight distance tax online starting October 31, 2010 . If you have only one truck, you aren’t required, but you are encouraged to file online. Another benefit of electronic filing is that you may pay taxes over the Internet with Visa, MasterCard, Discover or American Express cards. A convenience fee calculated on the amount of the transaction covers the costs that the companies bill the state when you use a credit card. There is no charge for payment by electronic check. An electronic check authorizes us to debit a checking account for the precise amount on the date you specify. You may also obtain a weight distance permit at https://efile.state.nm.us/uls2/Logon.aspx . If you need assistance, please call (888) 683-2821, or watch our How-To E-File Your Weight Distance Tax online video.

E-Filing Mandate  

Many tax return preparers required to use IRS e-file beginning in 2011. Congress recently approved a federal e-file mandate for tax return preparers, based on recommendations from the IRS, the Treasury Inspector General for Tax Administration and the Electronic Tax Administration Advisory Council. The requirement will be phased in over two years. As a result of the new rules, preparers will be required to start using IRS e-file beginning:

* January 1, 2011 - for those who anticipate preparing 100 or more federal individual or trust tax returns during the year; or

* January 1, 2012 - for those who anticipate preparing 1 0 or more federal individual or trust tax returns during the year. You must be an authorized e-file provider to use IRS e-file. The authorization process can take 45 days or more, so apply now to make sure you will be ready in January.

Electronic Federal Tax Payment System (EFTPS)

Beginning January 1, 2011, all payments for designated Federal taxes must be made through EFTPS or by phone. Designated Federal taxes include employment taxes, income taxes, Railroad Retirement taxes, Social Security taxes and various other types of non-payroll withholding. Failure to make payments using EFTPS could result in a 10% failure-to-deposit penalty. EFTPS is a free service provided by the Dept. of Treasury,

To find out more about EFTPS or to enroll, call 1-800-555-4477 or visit https://www.eftps.gov/eftps/