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W-9 or W-8? The Onboarding Question That Decides Whether Your New Mexico Business Eats a 30 Percent Tax
A Santa Fe gallery pays a sculptor in Oaxaca for a commissioned piece. An Albuquerque software firm brings on a developer in Warsaw as a contractor.…
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No State Mandate, Full Federal Credit: Notice 2026-28 and the § 45S Paid Leave Premium Method for New Mexico Employers
New Mexico employers occupy an unusual spot in the paid-leave landscape: the Legislature has repeatedly declined to enact a statewide paid family and medical leave program,…
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One Unsent Demand Letter Kept a Debtor in Subchapter V: In re Alecto and the Eligibility Math for New Mexico Businesses
Last week this blog covered the Senate’s passage of S. 3977, the bill that would restore the $7.5 million Subchapter V debt limit. While Congress debates…
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The 14-Day Bankruptcy Appeal Trap: What Campbell v. Radiance Teaches New Mexico Litigants About the Separate Judgment Rule
Fourteen days. That is how long a losing party has to appeal a bankruptcy court’s ruling, and the deadline is jurisdictional: miss it and no court…
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Your S Election Survives Your Bankruptcy, and So Does Your Leverage: Owoc for New Mexico Owners and Creditors
Most owners of New Mexico S corporations have never asked who controls the S election if the company ends up in bankruptcy. A new federal appellate…
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FinCEN Just Made New Mexico LLCs Private Again: The Permanent End of BOI Reporting and What It Does Not Change
New Mexico built a national reputation on business privacy. The state asks for no annual report from LLCs and no public list of members or managers,…
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DOJ’s New Fraud Division Published Its Target List, and New Mexico Is All Over It: A Business Owner’s Guide to the Five Priorities
🎧 Listen to this article — North Star Tax and Legal Briefing Your browser does not support audio playback. Download the episode. Listen on Podbean ·…
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Successor Liability After Whittaker Clark & Daniels: What the Third Circuit’s Ruling Means for New Mexico Asset Buyers and Creditors
Successor liability after In re Whittaker Clark & Daniels: how New Mexico asset buyers can limit exposure and when creditors keep claims out of a bankruptcy…
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When Banks Answer for Ponzi Schemes: The iCap Ruling and the Full Recovery Map for New Mexico Investors
New Mexico investment fraud recovery: the iCap ruling against Columbia Bank, Ponzi clawback risk, and the Section 165 theft loss deduction safe harbor explained.
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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.