What if I work in an office where a pool of preparers completes more than 25 New Mexico personal income tax returns?
The mandate applies to the person who prepares New Mexico personal income tax returns for others for compensation and the person who employs one or more persons to do so. If a person is employed by an office or a branch of an office where all preparers use the same EIN, then all returns filed by the office or the branch count toward the threshold that mandates filing by Department-approved electronic media. New Mexico uses the federal Employer Identification Number (EIN) and the Social Security Number or Preparer Taxpayer Identification Number (PTIN) to identify the tax return preparer to determine the penalty.
