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QSBS Held Through a New Mexico LLC: Section 1202(g), Distributions and the OBBBA Tiers
An Albuquerque LLC sells startup shares in 2029 or 2030. How 1202(g) splits the exclusion among members, why late members get none, and what New Mexico…
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New Mexico LLC Members and Self-Employment Tax: Limited Partner Exception After Soroban
An Artesia oilfield-services owner with a zero on his K-1 self-employment line, and what the Tax Court’s functional test, BBA audits and open years mean for…
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Divorce and IRS Tax Debt in New Mexico: Community Property and Innocent Spouse Relief
A divorce decree cannot move a joint IRS debt. How Section 6015 relief, New Mexico community property rules and federal tax liens shape what a departing…
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351 ETF Conversions and Exchange Funds in New Mexico: Notice 2026-62 and Rev. Rul. 2026-20
A Los Alamos retiree’s tax-free ETF move may be a taxable exchange. What the ruling says, what disclosure could follow, and how the gain reaches New…
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LLC vs. S Corp in New Mexico: Choosing a Business Entity for Tax and Bankruptcy
A Taos outfitter weighs an LLC, an S election or a C corporation: the payroll tax numbers, New Mexico’s entity-level tax, and what a bankruptcy trustee…
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Subchapter V Fraud Claims in New Mexico: How Creditors Keep a § 523(a) Claim Alive
Three circuits say fraud debts survive a Subchapter V cramdown. The Tenth Circuit hasn’t ruled, and a missed deadline or a quiet ballot can still sink…
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Suing a Bankruptcy Trustee in New Mexico: The Barton Doctrine After Prehired
Why a lawsuit against a Chapter 7 trustee usually dies without bankruptcy court permission, how far the protection reaches, and what an insider who moved money…
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Your Biggest Customer Filed Chapter 11: A New Mexico Supplier’s Rights and Deadlines
A Carlsbad distributor is owed $210,000 by a customer in Chapter 11. Which invoices get priority, what reclamation and trade deals are worth, and what can…
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Catholic Charities v. Wisconsin and New Mexico’s Church Unemployment Tax Exemption
FUTA, NMSA 51-1-42 and Catholic Charities Bureau: how New Mexico church charities choose between exempt, reimbursing and contributing status, with Gallup numbers.
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Insights ✶ New Mexico
Tax & Bankruptcy Insights
Plain-English analysis of federal tax defense, tax planning, and bankruptcy developments that matter to New Mexico individuals and business owners. New posts every week from attorney-CPA Phillip Zagotti.