Back

New Mexico(NM) IFTA Fuel Taxes

VT MD RI WA MA CT NJ DE SD WY CO NV OR MT NM FL CA AZ IA KS NY MI AL IL OK OH AR PA SC TX GA IN VA MO TN NC KY NH ID UT LA ND WV WI MS ME NE MN

Who Is Required To Register for New Mexico IFTA?


A qualified motor vehicle is a motor vehicle used, designed, or maintained for transportation of persons or property having:


  • Two axles and a gross vehicle weight or registered gross vehicle weight exceeding 26,000 pounds or 11,797 kilograms; or
  • Having three or more axles regardless of weight; or
  • Is used in combination, when the weight of such combination exceeds 26,000 pounds or 11,797 kilograms gross vehicle or registered gross vehicle weight.

Qualified Motor Vehicles do not include recreational vehicles unless they are used in conjunction with any business endeavor. Recreational vehicles are vehicles such as motor homes, pickup trucks with attached campers and buses when used exclusively for personal pleasure by an individual.

New New Mexico IFTA Fuel Tax Accounts


You will need to complete a New Mexico application form and submit by mail in or in person to the New Mexico Taxation & Revenue Department. Incomplete applications will be returned, which will delay processing. There is a $3.50 fee per set of decals. You should receive your credentials within 1-2 weeks. Same day decals are available when you apply in person.


TSNAmerica can assist you with the application process.

New Mexico IFTA Renewals


Renewal applications must be completed by mail or online. Let TSNAmerica renew your New Mexico IFTA decals today.

Quarterly New Mexico IFTA Returns


A New Mexico quarterly IFTA return must be filed by the due date:


New Mexico Reporting Periods New Mexico IFTA Filing Deadlines
January - March April 30
April - June July 31
July - September October 31
October - December January 31

*If the due date falls on a Saturday, Sunday or legal holiday, the next business day is considered the tax reporting filing due date.

Note: A New Mexico IFTA fuel tax report must be filed even if no fuel was used.

New Mexico IFTA Penalties


A late penalty of $50 or 10% of the net tax liability, whichever is greater, is assessed on returns received after the filing deadline. Interest is computed on all delinquent taxes due to each jurisdiction at a rate of .4167% per month. Even if you have a net refund, interest still applies to each jurisdiction for any underpayment of fuels use tax due and is calculated beginning the day after the due date of the return for each month, or fraction of a month, until paid.


New Mexico IFTA Audits


IFTA New Mexico audits are used to verify compliance and base jurisdictions are required to audit 3% of the IFTA accounts in their state per year. The licensee will be contacted in writing at least 30 days prior to the audit and must make the required records available at the time of the audit. IFTA Audits are never fun, but keeping detailed records that include all required information will take the stress out of the audit process.


Filing New Mexico IFTA fuel tax can be tedious and time consuming. For more details, see www.mvd.newmexico.gov or let TSNAmerica take the paperwork out of your way by using our New Mexico Quarterly IFTA Filing Services! Our quarterly filing packages start at $75. (Contact us for multiple vehicle pricing.)

Back
Tsnamerica

Latest Blog Posts

$625

Basic Authority
Package

  • FMCSA Authority (MC#)
  • US DOT Number
  • BOC-3
  • EIN Number
$895

Premium Authority
Package

  • All services included in
    Basic Authority Package
  • UCR
  • IFTA
  • IRP
  • Form 2290 HVUT
$1195

Complete Authority
Package

  • All services included in
    Premium Authority Package
  • KYU Number
  • NYHUT
  • OR Weight-Mile Tax
  • NM WD
$75

IFTA Packages

  • IFTA Basic: $75 Quarterly.
  • IFTA Premium: $110 Quarterly.
  • IFTA Complete: $150 Quarterly.