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welcome to the tax and rev youtube video series in this edition we will be demonstrating the new taxpayers access point and the filing of grocery seats tax return for periods ending july 31st 2021 and later and the claiming of deductions we hope you enjoy it this video will cover working from the new tap action center demonstration of the new grocery seats tax return filing including reporting gross receipts tax at multiple locations as required by destination based source reporting deductions submitting a return and paying your grocery seats tax with e-check using save bank account details once logged in you will be greeted with the summary screen showing the below business tax accounts as you can see here we currently have grocery seats tax account a wage withholding account these accounts may vary depending on how your account is currently set up meaning you will have more or less accounts displayed as you can see on the right you are able to file a return make a payment request a refund file view or amend all returns as well as manage nttcs and account information the main screen will show all taxpayer accounts including business taxes and any other filing obligations such as corporate income tax workers compensation and others in this example the taxpayer is only going to be filing for grocery seats tax on the top you can see we have a summary action center settings and more tab the summary page will give you a view of all your accounts that are accessible through the login the action center tab is a to-do list of any actions that need completion such as filing returns making payments or reviewing messages next is the settings tab this allows taxpayers to manage access change mail delivery to email rather than mail and add default banking information lastly the more tab this gives you access to view letters sent from the department update the business name and address as well as manage payments and returns as you can see in the action center we currently have two items we're going to go ahead and select the action center and go in now in the action center you can see we have grocery seats tax and wage withholding tax on wage withholding tax we're going to assume that the payroll provider will file this return so we're not going to take any action at this time however if you do not have a payroll provider and you would like to file this return you could go ahead and select file return at this time for this example we're just going to file a return for grocery seats tax so we're going to go ahead and select it now we are now on the instructions page of submitting a return as you can see we are greeted with purpose eligibility and information needed to continue for purpose this section explains that returns can be filed online payments can be made electronically and a separate return must be submitted for a different tax type under a separate account for eligibility this gives you a brief overview of grocery seats tax and if you'd like more information on grocery seeds tax please visit tax.newmexico.gov under the forms and publication lastly is the information needed to continue this is a list of information that the department may need from you to process your return effectively keep in mind that the information varies by account type and by submitting the requested information this will help speed up your return and refund process below is a list of items you may want to provide to the department such as location of sales if applicable deduction information and business credit supporting documentation for more detailed instructions you can click the blue hyperlink here or you can type in the search bar 41413 at this time we're going to go ahead and select next we're now on the registration page this shows us the taxpayer information such as the taxpayer's name id type the business tax id as well as email address phone number and filing frequency this taxpayer is currently set up as a monthly file below is the mailing address this shows you the current mailing address that you have set up within the account this is important to make sure that it's correct in case that you want to receive a refund by check that will ensure that the check makes it to the correct address if you need to update your address you can go ahead and select the blue hyperlink here and this will allow you to update your address at this time we are going to agree that this is all correct and move forward we're now on the grocery seeds tax return and you can see here that we do have import return this section here will allow you to import a return if needed and to upload it in excel format for practitioners you can still upload a bulk file for multiple grt returns the file format has changed so you should look for the new format and instructions on the tap website now below you can see it asks you if you have grocery seats taxed to report in this example we're going to go ahead and select yes once you select yes you'll be greeted with do you have any deductions or special rates to report if you have deductions you want to go ahead and select yes if you don't have any deductions to report you can go ahead and select no we're going to say yes as we're going to show deductions in this example now you can see we can add a location for the grocery seats tax so we're going to go ahead and select that to add our first location under add location the first question that comes up they want to know if the location is outside of new mexico for these examples we're going to go ahead and say no but if you do have a location outside of new mexico you want to go ahead and select yes next is the county our first example we're going to go ahead and select santa fe as our county and our location we're going to go ahead and select santa fe again now we need to enter our grocery seat stacks for this example we're going to enter 15 000 and our deduction code here you can see a list of deductions anything from manufacturing medicare construction and sales or lease of real property there's a long list of deductions here so you might want to find the one that is listed for you if you want more information on deductions you can see our fyi 105 under the forms and publications on our tax.newmexico.gov website for this example we're going to go ahead and select the 7-9-5-2 construction and related services for those in the past that have used this type of deduction this would be our non-taxable transaction certificate type 6. we'll go ahead and select that one next we need to enter our deduction amount in this case we're going to put in fifteen thousand and as you can see here our gross receipts tax due is zero due to our deduction we're going to go ahead and select add to complete that transaction we now entered our first location we need to enter a few more so let's go ahead and add location for this example we're still going to continue with no that we still have a business in new mexico and we're going to select our county again we're going to go and select santa fe one more time and santa fe again now we'll enter our grocery seats amount and our deduction code for this example we're going to select the 7-9-5-1 which is also a type 6 nttc now we're going to enter our deduction amount the 5000. this leaves us a tax due of one thousand two sixty five sixty three let's complete that return now we're going to add another location for this one we're going to select bernalillo and our location as albuquerque let's enter our grocery seats of 25 000 and our deduction code of 7-9-5-2 construction and related services next we'll enter our deduction amount 10 000 leaving us a grocery seats tax due of one thousand one eighty one twenty five let's complete that return we now have three returns currently set up we need to add one more return so let's go ahead and add location select our county in this case we're going to select los alamos and our location let's enter our grocery seats tax amount of two thousand for this return we currently do not have any deductions those deductions will be made later through an amendment we're going to assume that the taxpayer currently does not have any deductions and if you'd like to see that amended return you can see our other videos as you can see here grocery seats tax due is 146.25 so we're going to go ahead and add that return as you can see we currently have three deductions that have been selected for a list of deductions you may qualify for please visit tax.newmexico.gov website and select forms and publications the deductions will be presented under fyi 105. this will allow you to see if you qualify for any of these deductions that we have let's go ahead and select next to move on on completing our return we're now presented with the business credits and it's asking us if we have any to claim for this example we do not so we're going to go ahead and select no we're going to go ahead and select next and now we have the summary page as you can see on the summary page it's going to show us the total gross receipts tax due and any refundable credit claimed below you have the signature to declare if everything was true and correct we're going to go ahead and say yes now we can submit our return by clicking submit and click ok on the confirmation we now have our confirmation page this will show you the period that you just filed for the confirmation number which would be used to get in contact with the department if we need to locate your return also it's going to explain the date submitted the account type the account id as well as the total amount due you can see if you have any more general questions you can call this number or you can contact us through this email listed here keep in mind when contacting the department for assistance you'll want to have your name phone number email address tap log on fein or social security number tax type we can assist you with and detailed description of your issue this will help speed up the process now that we've completed our return we need to make a payment so let's go ahead and select make an e-payment once you select make an e-payment you have two options credit card or e-check we're going to go ahead and select e-check for this example once we've selected e-check we have a few options checking savings and we need to enter in our routing information this time we'll go ahead and enter that in as you can see our bank name now came up and now we need to enter in our account number and confirm that number below here you can save your payment channel for future use we're going to go ahead and select yes this means that every time that you come back in to make another payment all the information will be pre-populated for you see the note below if you have a debit blocker on your checking account allowing only pre-specified businesses to debit your account you must contact your financial institution and the state of new mexico company identification number listed here before your electronic check can be accepted if your bank rejects your electronic payment you'll be subject to penalty and interest now that we verified that there's a few return types that you can select you have an amended return payment assessment payment audit payment and return payment we're going to go ahead and select the return payment we have the period that we're currently filing for and the payment date we're going to go ahead and change this payment date to the due date so ensure that our payment gets posted on the day that it's due we now have the current balance that needs to be paid here's the amount and we just need to confirm that amount now that we've confirmed the amount we can go ahead and select submit now we need to just enter in our code complete the payment once the code is entered you're now on the payment confirmation page just like the return confirmation page this also lets you know the period ending that your payment has been submitted for as well as the confirmation number that is useful if you're getting in contact with the department to locate your payment as you can see here does specify your account type account id the amount paid and the date of the payment also keep in mind if you made an error on this payment it's not too late to make a change while the payment is still pending you can return to your account view the submissions and delete it before making a new e-payment e-check payments are typically processed at 6 30 pm on business days at this point we have filed our return including deductions as well as our payment thank you for viewing the demonstration of the new mexico new taxpayers access point and gross receipts tax return filing process for periods ending july 31st 2021 and later for other tutorials covering the filing of amended gross receipts tax returns for periods july 31st 2021 and later or for filing tap grocery seats tax returns for a period ending june 30 2021 or earlier and many more topics of interest please visit our youtube channel thank you and have a great day