This is my first tax year in NM. Does anyone have a recommendation for a tax preparer? I have non-standard deductions - medical, royalties, mortgage, etc but not really complex.
I've always had good luck just doing mine online using H&R block's web interface. NM's web site for filing state returns was fine the last time I had to do it. As for local preparers, I have used Asa Laws (www.zlscpa.com) for assistance a time or two, and really like him.
;; Gary S.
On Mar 17, 2012, at 11:39 AM, Gary Lee Nelson wrote:
> This is my first tax year in NM. Does anyone have a recommendation for a tax preparer? > I have non-standard deductions - medical, royalties, mortgage, etc but not really complex.
This probably doesn't apply from the sound of your situation, but if you made less than 50k, the IRS will do it for free. This is why H+R Block and the others are offering the same.
On Sat, Mar 17, 2012 at 12:39 PM, Gary Lee Nelson <gnel...@oberlin.edu>wrote:
> This is my first tax year in NM. Does anyone have a recommendation for a > tax preparer? > I have non-standard deductions - medical, royalties, mortgage, etc but not > really complex.
> Gary
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We've been very satisfied with the competence of Sandi Shell at Barraclough (barraclough.com), who has dealt with moderate complexity. She might be overkill if your situation is very simple. However, when you move from one state to another, at least the first year is typically not very simple.
Especially in New Mexico. I spent half a year in New Mexico, and half in Florida. New Mexico came looking for tax money on stocks I cashed out in Florida, because the claim was New Mexico was entitled to it since I spent half the year in both locales. -C
On Sat, Mar 17, 2012 at 7:42 PM, Bruce Sherwood <bruce.sherw...@gmail.com>wrote:
> We've been very satisfied with the competence of Sandi Shell at > Barraclough (barraclough.com), who has dealt with moderate complexity. > She might be overkill if your situation is very simple. However, when > you move from one state to another, at least the first year is > typically not very simple.
> Bruce
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crystalcityacade...@gmail.com> wrote: > Especially in New Mexico. I spent half a year in New Mexico, and half in > Florida. New Mexico came looking for tax money on stocks I cashed out in > Florida, because the claim was New Mexico was entitled to it since I spent > half the year in both locales. > -C
> On Sat, Mar 17, 2012 at 7:42 PM, Bruce Sherwood <bruce.sherw...@gmail.com>wrote:
>> We've been very satisfied with the competence of Sandi Shell at >> Barraclough (barraclough.com), who has dealt with moderate complexity. >> She might be overkill if your situation is very simple. However, when >> you move from one state to another, at least the first year is >> typically not very simple.
>> Bruce
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> -- > You received this message because you are subscribed to the Santa Fe > Complex "discuss" group. > To post to this group, send email to disc...@sfcomplex.org > To unsubscribe from this group, send email to > discuss+unsubscr...@sfcomplex.org > For more options, visit this group at > http://groups.google.com/a/sfcomplex.org/group/discuss
For me the hardest thing to wrap my head around was the "Gross Receipts Tax" which may be unique to New Mexico. Most states have a sales tax on the sale of things. The Gross Receipts Tax is charged on services; this is separate from the state sales tax. For example, if you're an academic you might receive an honorarium or a consulting fee. If the work is done for clients in New Mexico, you owe a tax on this work, but not if the clients are outside New Mexico.
Our accountant insists on having us list all such items on a state form, and then list them again as "exempt" if the clients are outside New Mexico. The way I read the documentation, there should be no need to list the out-of-state incomes at all, but our accountant explains that if the state sees such income on the federal form to which they have access but you don't list them on the state form, they may audit you.
This is my present semi-understanding of what is completely new to someone coming from another state.
<crystalcityacade...@gmail.com> wrote: > Especially in New Mexico. I spent half a year in New Mexico, and half in > Florida. New Mexico came looking for tax money on stocks I cashed out in > Florida, because the claim was New Mexico was entitled to it since I spent > half the year in both locales. > -C
> On Sat, Mar 17, 2012 at 7:42 PM, Bruce Sherwood <bruce.sherw...@gmail.com> > wrote:
>> We've been very satisfied with the competence of Sandi Shell at >> Barraclough (barraclough.com), who has dealt with moderate complexity. >> She might be overkill if your situation is very simple. However, when >> you move from one state to another, at least the first year is >> typically not very simple.
>> Bruce
>> -- >> You received this message because you are subscribed to the Santa Fe >> Complex "discuss" group. >> To post to this group, send email to disc...@sfcomplex.org >> To unsubscribe from this group, send email to >> discuss+unsubscr...@sfcomplex.org >> For more options, visit this group at >> http://groups.google.com/a/sfcomplex.org/group/discuss
> -- > You received this message because you are subscribed to the Santa Fe Complex > "discuss" group. > To post to this group, send email to disc...@sfcomplex.org > To unsubscribe from this group, send email to > discuss+unsubscr...@sfcomplex.org > For more options, visit this group at > http://groups.google.com/a/sfcomplex.org/group/discuss
> This is my first tax year in NM. Does anyone have a recommendation > for a tax preparer? > I have non-standard deductions - medical, royalties, mortgage, etc > but not really complex.
> Gary
> -- > You received this message because you are subscribed to the Santa Fe > Complex "discuss" group. > To post to this group, send email to disc...@sfcomplex.org > To unsubscribe from this group, send email to > discuss+unsubscr...@sfcomplex.org > For more options, visit this group at > http://groups.google.com/a/sfcomplex.org/group/discuss
