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The SBA Demand Letter New Mexico Borrowers Can’t Ignore: A 30-Day Playbook
SBA has suspended 2,383 New Mexico pandemic-loan borrowers and is starting to send final 30-day demand letters. This guide walks through the suspension rules, Treasury offset…
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New Mexico LLC Owners Took the Money: How Creditors Claw Back Distributions
When a New Mexico LLC pays its owners and then stops paying creditors, the LLC Act gives the creditor no direct claim against the members. Voidable…
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Substantial Presence Test in New Mexico: When Visiting Researchers Become Tax Residents
A J-1 researcher at Los Alamos can file as a nonresident for two years and then become a U.S. tax resident without any change in visa.…
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Obduskey and New Mexico Foreclosures: Where the FDCPA and Chapter 13 Still Reach
Obduskey shields businesses that only carry out nonjudicial foreclosures from most of the FDCPA, but New Mexico requires most home loans to be foreclosed in district…
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Does a 363 Sale Wipe Out New Mexico Tax Successor Liability?
New Mexico law lets the Taxation and Revenue Department collect a seller’s unpaid gross receipts tax from the business buyer. This post explains when a bankruptcy…
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Judicial Estoppel After Keathley: Fixing an Unlisted Lawsuit in a New Mexico Bankruptcy
The Supreme Court’s Keathley decision threw out the knowledge-plus-motive shortcut the Tenth Circuit used to bar debtors from suing on claims they never scheduled. Here is…
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Bitcoin Hard Fork Taxes: What the Rogovy Tax Court Case Means in New Mexico
A Tax Court judge refused to rule before trial that nine Bitcoin hard forks produced no income, and the motion he denied was the taxpayers’ own.…
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A Los Lunas Building, a Manhattan Court, and What Lenders Can Charge in Bankruptcy
A Los Lunas warehouse owner’s Chapter 11 case played out in Manhattan, where Judge Philip Bentley held that the reasonableness test in § 506(b) reaches only…
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Where a New Mexico Taxpayer Fights the IRS: Tax Court, Refund Suit, or Bankruptcy Court
A notice of deficiency starts a 90-day clock that does more than set a filing date. It is when a New Mexico taxpayer picks among the…
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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.