Fri. Jan 15th, 2021

TAX AND REVENUE ANNOUNCES FRESH START PROGRAM

New Mexico, (KSMX) A program launched through the New Mexico Taxation and Revenue Department will allow individual taxpayers and small businesses with unreported or underreported taxes to have penalties or interest forgiven. If those individuals or businesses in arrears finalize enrollment in the Fresh Start Program before the end of the year and pay those liabilities within six months, penalties and interest will be dropped. Acting Secretary for Tax and Revenue John Monforte said that the department is proud to launch the program and save taxpayers their hard earned dollars. For those enrolling in the program, if the repayment is not met within the 180 days period, they will be assessed for interest on the remaining amount.

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