Annual Filing Requirements
The initial or biennial profit corporate report filing fee is $25. For late filings, there is a $200 penalty fee assessed. The initial or annual non-profit corporate report filing fee is $10. For late filings, there is a $10 penalty fee assessed.
Biennial Profit Report - Biennial Profit Corporate Report
Initial Report - First Corporate Report
Annual NP Report - Annual Non-Profit Corporate Report
Initial NP Report - First Non-Profit Corporate Report
A Biennial Profit Corporation Report must be filed every two years on or before the 15th day of the 3rd month following the end of a corporation's fiscal year.
An Annual Non-Profit Corporation Report must be filed on or before the 15th day of the 5th month following the end of a corporation's fiscal year.
The first report for profit or non-profit corporations is due within 30 days of the initial incorporation date.
Corporation Income & Franchise Tax Returns
The income tax rate is 4.8% of net income up to $500,000; between $500,000 and $1,000,000 the rate is $24,000 plus 6.4% of the excess over $500,000; and over $1,000,000 the rate is $56,000 plus 7.6% of the excess over $1,000,000.
A franchise tax payment of $50 is due each year, including short years. S Corporations are not exempt from franchise tax.
Form CIT-1 - 2012 Corporate Income & Franchise Tax Return (instructions)(information cover)
Form CIT PV - NM 2012 Corporate Income Tax Payment Voucher
Form PTE - 2012 S Corp Pass-Through Entity Form (instructions)
Tax Forms - 2012 Corporate Income Tax Forms
Tax filing on a calendar year, the return is due on or before March 15th. Filing on a fiscal-year basis, the tax return is due on or before the 15th day of the third month following the close of the fiscal year.