Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen NMTPWC - New Mexico Tax Projection (1120)

Show all hidden content

Overview

Use this screen to enter information you expect to be different for the next tax year. This data is used to calculate the New Mexico Tax Projection Worksheet. This worksheet is based on current law and next year’s tax law differences (when known). Enter only the items you expect to be different for the coming year. If you do not expect a difference, leave the field blank to allow the current-year amount to automatically transfer to the next-year column of the New Mexico Tax Projection Worksheet. However, fields that are marked with an asterisk (*) in the NMTPWC Screen will not automatically transfer the current year amount.

Tax and Payments

New Mexico income tax (Force)
The total tax for next year is automatically calculated by applying the current year tax rates to the projected taxable income. Use this field to override this calculated amount, if needed.
2025
 overpayment credited to
2026
 (Force)
Enter the amount of current year overpayment that will be credited to next year. If this field is blank, it defaults to the Credited to next year’s estimated tax amount from the current year return.
2026
 estimated payments (Force)
Enter the total amount of estimated tax payments that are projected for next year. If this field is blank, it defaults to the sum of any payments reported on Form(s) CIT-ES - Corporate Income and Franchise Estimated Tax Payment Voucher, plus any additional amounts paid that are reported under the
Next year estimates already paid
 fields of the NMEst Screen.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close