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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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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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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.