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RPD-41373
Rev. 07/01/2020 New Mexico Taxation and Revenue Department
Application for Refund of Tax Withheld From Pass-Through Entities
Instructions
Who May Use This Form 1. Enter the refund amount on the PTE return.
A pass-through entity (PTE) may use RPD-41373, Application 2. If you want direct deposit of your refund, complete the
for Refund of Tax Withheld From Pass-Through Entities, to RPD-41373 Request For Direct Deposit section. If the in-
request a refund of tax withheld from its net income according formation is incomplete or incorrect, the Department mails
to the Oil and Gas Proceeds and Pass-Through Entity the refund.
Withholding Tax Act. If tax was withheld from the net income 3. The PTE’s owner or the PTE’s authorized representative
received from another PTE, or if tax was withheld from oil signs RPD-41373.
and gas proceeds received, the PTE may request a refund 4. Attach the completed RPD-41373 to the PTE return and
or pass the tax withheld to its owners. submit them to the Department at the address below.
5. Issue to the PTE forms 1099-MISC, RPD-41359, or RPD-
You may also use RPD-41373 to apply for a refund if you 41285.
overpaid withholding tax from a PTE owner’s allocable net
income on RPD-41367, Pass-Through Entity Withholding To Claim a Refund for Overpayment on a PTW-D or FID-D
Detail (PTW-D) Report;Fiduciary Pass-Through Withholding PTW Detail Report, or a PTW-EXT Voucher
Detail (FID-D) Report; or PTW-EXT, New Mexico Annual If you overpaid the tax to withhold from a PTE owner’s allocable
Withholding of Net Income From a Pass-Through Entity Detail net income on the PTW or FID-D PTW detail report or on
Report Extension Payment Voucher. PTW-EXT, do the following:
1. On RPD-41373, under Basis for Refund, explain the rea-
Direct Deposit son for overpayment with a brief statement of facts. If you
A direct deposit of your refund may not go to a bank account need more space, attach another sheet.
located at a financial institution outside the territorial jurisdiction 2. If you want direct deposit of your refund, complete the
of the United States (U.S.). A financial institution is located RPD-41373 Request For Direct Deposit section. If the
within the territorial jurisdiction of the U.S. if it is located information is incomplete or incorrect, the Department
within the U.S., located on a U.S. military base, or located mails the refund.
in American Samoa, Guam, the Northern Mariana Islands, 3. The PTE’s owner or the PTE’s authorized representative
Puerto Rico, or the U.S. Virgin Islands. signs RPD-41373.
4. Attach the completed RPD-41373 to the PTW or FID-D
To comply with federal banking rules, anyone who wants a PTW detail report and submit them to the Department.
refund directly deposited must answer an additional question
when completing the Request For Direct Deposit section of IMPORTANT: To validate the claim for refund on a PTW-D
this application for a tax refund. The question asks whether or FID-D PTW detail report, the Department may require you
the refund will go to, or through, an account located outside to file both the appropriate income tax return and the detail
the territorial jurisdiction of the U.S. report. The Department compares the information provided
on both forms to verify the validity of the refund claim.
If Yes, RPD-41373 states, “ ... you may not use this refund
delivery option.” Your other options are to use a different bank
account or to leave the Request for Direct Deposit section Form Submission
blank, in which case the Department mails a paper check to You can submit a completed RPD-41373, Application for
the address on the taxpayer’s records. Refund of Tax Withheld From Pass-Through Entities, by
mailing it to the Department using the below address:
If you do not answer the question, the Department also mails
your refund to you as a paper check. Answering the question New Mexico Taxation and Revenue Department
incorrectly may delay your refund, or the National Automated P.O. Box 25127
Clearing House Association (NACHA) or the Office of Foreign Santa Fe, NM 87504-5127
Assets Control (OFAC) may reject or freeze your refund.
To Claim a Refund for Tax Withheld on a PTE Return
If you received a 1099-MISC, RPD-41359, Annual Statement
of Pass-Through Entity Withholding, or RPD-41285, Annual
Statement of Withholding of Oil and Gas Proceeds, showing
income tax withheld on the PTE’s net income or withholding
on New Mexico oil and gas proceeds received, and you want
a refund of the tax withheld, do the following:
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