Income Tax Extensions Will Not Trigger Interest Charges

This morning, the New Mexico Taxation and Revenue Department (NMTRD) issued a press release stating that income tax extensions will not trigger interest charges. Please note that we do anticipate that NMTRD will release another bulletin, which will expand on this press release. For the latest information, please note that we are constantly updating our website’s Coronavirus/COVID-19 Information and Resources page.

Additionally, please note that the IRS has established a FAQs page, which may answer many questions you have related to tax filing and payment deadline extensions. 

IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions. More specifics about the implementation of these provisions will be shared soon. Highlights of the key actions in the IRS People First Initiative can be read here.