Form Fid-1 - New Mexico Fiduciary Income Tax Return

2001 FID-1

NEW MEXICO FIDUCIARY INCOME TAX RETURN

Mail original of this return and tax due to the New Mexico Taxation and Revenue Department, P.O. Box 25127, Santa Fe, NM 87504-5127, on or before April 15, 2002. Tax due

must be paid in full. For fiscal year estates and trusts, return must be filed on or before the fifteenth day of the fourth month following the close of the fiscal year. DO NOT SEND CASH.

Name of estate or trust

Name and title of fiduciary

Address of fiduciary (number and street), city, state and zip code

Federal employer identification number of estate or trust (Returns

Date trust or estate created _______________________________

will not be processed without this number.)

If this is a final fiduciary return, give liquidation or distribution

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Calendar year

Fiscal year beginning ____________ / 2001

date __________________________________________________

ending 12-31-01

and ending __________________________

Has an adjustment to your federal taxable income for any

CHECK APPLICABLE BOXES

prior year by the Internal Revenue Service not been reported to

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✶❹

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Amended

Simple Trust

New Mexico?

YES

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If yes, an amended New Mexico return must be submitted.

Estate

Complex Trust

✶ ✶ ✶ ✶ IMPORTANT NOTICE

✶ ✶ ✶ 

The fiduciary of any grantor trust who is required to file federal Form 1041 under the provisions of federal regulation 1.671-4(a) is NOT

required to file a New Mexico Fiduciary Income Tax Return, Form FID-1.

Federal taxable income of fiduciary .................................................................................................................

Additions to federal income (from FID-1, page 2, line 3) ..................................................................................

Subtotal (add lines 1 and 2) ..............................................................................................................................

Deductions from federal income (from FID-1, page 2, line 7) ..........................................................................

New Mexico taxable income (subtract line 4 from line 3) ................................................................................

Tax on amount on line 5 (use the Tax Rate Table on the bottom of FID-1, page 2) .........................................

New Mexico percentage (from FID-B, Schedule 1, line 19) ............................................................................

New Mexico income tax

Multiply line 6 by the percentage on line 7 and enter here. If you do not need to complete Form FID-B enter

amount from line 6 .............................................................................................................................................

Tax on lump-sum distributions (from worksheet on page 8 of instructions) ...................................................

10. Total New Mexico tax (add lines 8 and 9) ........................................................................................................

11. Total non-refundable credits (see instructions) ...............................................................................................

12. NET TAX (subtract line 11 from line 10. Do not enter less than zero) .............................................................

13. Payments (enter the total amount of payments and indicate the source[s]) ...................................................

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Estimated Tax Payments

Withholding

Payment on original return or

(FID-ES)

(attach W-2, 1099 or W-K)

at time of extension request (FID-PV)

14. Tax Due (If line 12 is more than line 13, enter the tax due) .............................................................................

15. Refund due (If line 13 is more than line 12, enter your tax refund) ................................................................

16. Penalty (see instructions) .................................................................................................................................

17. Interest (see instructions) .................................................................................................................................

18. Total amount due (add lines 14, 16 and 17) .....................................................................................................

I declare I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct

and complete. Declaration of preparer (other than taxpayer or an employee of the taxpayer) is based on all information of which preparer has any knowledge.

_____________________________________________________ _________________________________________________ ________________

Signature and title of fiduciary or officer representing fiduciary

Federal EIN or SSN of fiduciary

Date

_________________________________

____________________________ _______________________________________ _______________

Signature of preparer other than fiduciary

CRS identification number or SSN

Address & Telephone Number

Date