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Printable Form 3921 Las Cruces New Mexico: What You Should Know
The online form is for a taxable year beginning on or after Dec 31, 2021. Your employer will not recognize the election to elect this state tax (or any other state tax). You cannot elect this state tax using this new Form 3921; but you could file a Schedule C with Schedule SE. Please don't submit an electronic tax return using this PDF form. Your new taxpayer account number & email address will be required at the end of the filing process in order for us to process the return. Form 3921 is for people, living in New Mexico, who want to elect the new annual state taxes on their incentive stock options. Please make sure you are filing the correct form. This is the official web version of the form, and it is scalable. However, the online version of it, printed from this website, is not. Do not print and file. The online form is for people, living in New Mexico, who want to elect the new annual state taxes on their incentive stock options. It is for new taxpayers with at least one year of income and less than 600,000 in qualified business income. The election is made by electronically filing Form 3921. We strongly recommend that you send your completed Form 3921 to the Department of Taxation and Revenue by mail prior to June 15 of each tax year for all your eligible stock options. You must report all of your eligible stock awards, including invested awards that may not be exercised. The election cannot be made unless any portion of your elective compensation has been received in a nonqualified year. You are limited to a total of 10 such awards and cannot elect more than the number of awards authorized in this code. All the following information (including the form itself) is included on each Form 3921, the PDF that you fill in and print: Note: You must also complete Schedule SE or Schedule SEA (depending on the number of awards) and file it with Form 3921. If an award is not exercised at any point in a calendar year, do not withhold tax on the excess of the incentive value over the fair market value of the award at the end of that calendar year. File with Form 3921 if there is any year in which no awards are outstanding with the same employer, or if a year is divided by two or more.
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