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The IRS Is Rebuilding Its Voluntary Disclosure Practice: What New Mexico Taxpayers Must Sequence First
The IRS says a redesigned Voluntary Disclosure Practice is weeks away. For New Mexicans, a federal disclosure also forces a state decision, and the order you…
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In re Koetters: Curing a Home Mortgage Default in Subchapter V When Chapter 13 Is Out of Reach in New Mexico
A Central Illinois bankruptcy court held that individual Subchapter V debtors can cure a home mortgage default through deferred plan payments. The Albuquerque bankruptcy court said…
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Trump Account Employer Contributions: What the Proposed Regulations Mean for New Mexico Small Businesses, S Corporation Owners, and Their Employees
Trump accounts opened for contributions on July 4, 2026, and the first employer contribution programs are being drafted now. On August 11, 2026, Treasury and the…
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Prevailing Wage and Apprenticeship Rules for New Mexico Clean Energy Contractors: The 2027 Deadline, the Cure Math, and the Tribal Overlay
New Mexico’s clean energy build-out has handed its contractors a tax liability most of them never signed up for. Under the Inflation Reduction Act, a project…
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Feral Cattle, a Bankrupt Rancher, and a Dead Appeal: What the Gila Case Teaches About Mootness in Tenth Circuit Bankruptcy Appeals
Sometime in the 1970s a rancher holding a grazing permit in the Gila National Forest went bankrupt and walked away from his herd. Fifty years later,…
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What the IRS’s Puerto Rico Act 60 Crackdown Teaches New Mexicans Who ‘Moved’ to Texas: Residency Audits at Both Levels
The IRS has spent five years building residency cases against Americans who claimed to have moved to Puerto Rico for its tax incentives, and the campaign…
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Payments Made Under Pressure: How Collection Tactics Cost New Mexico Creditors the Ordinary Course Defense in the Tenth Circuit
German insolvency law has a rule that reads like a warning label: a creditor who extracts payment from a failing debtor through pressure, early payment, or…
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The Overtime Deduction in New Mexico: Why the W-2 Controls, Which State-Law Overtime Doesn’t Count, and Why the State Return Gets Nothing
New Mexico workers put in a lot of overtime. Permian Basin crews in Lea and Eddy counties, hospital staff in Albuquerque, and line workers at the…
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Rebel Creamery’s Chapter 11 Is a Tenth Circuit Case: What New Mexico Judgment Creditors Should Learn From the Van Leeuwen Fight
A New York ice cream company won a $23,785,000 federal judgment on July 16, 2026, and by August 14 its defendant was a Chapter 11 debtor…
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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.