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Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Use the state tabs in the Shareholder Information window to enter state-specific information for shareholders. State tabs appear only if you have added states to the return.

To update a shareholder's state-specific information, click that shareholder in the Shareholder Information window, and then click the appropriate state tab.

Fields & buttons

New Mexico information group box

If the shareholder is a nonresident, enter a code from the following table or select the code from the drop-down list to indicate the type of nonresident filing to be made by the shareholder. UltraTax CS defaults to calculating withholding on Form RPD-41367 and Form RPD-41359 for the shareholder.

Code Description
1

Withholding (default)

This is the default filing for a nonresident shareholder when a code is not selected from the drop-down list. Select this option to indicate the shareholder is subject to withholding tax on Form RPD-41367. UltraTax CS then completes column 4 using the owner's share of net income shown in column 3. The tax withheld is reported on Form RPD-41359 for the shareholder.
2

Exempt from withholding and Form RPD-41353 required

Select this option to indicate the withholding tax calculated on Form RPD-41367 for this shareholder is paid by the owner under agreement. UltraTax CS will print the nonresident agreement Form RPD-41353.
3

Exempt from withholding and form RPD-41353 on file

Select this option to indicate the withholding tax calculated on Form RPD-41367 for this shareholder is paid by the owner under an existing agreement. Form RPD-41353 will not print for this shareholder.
4

Exempt from withholding for other reason

Select this option to indicate the withholding tax calculated on Form RPD-41367 for this shareholder is not required for a reason other than Form RPD-41353.

If the shareholder requires Form RPD-41353, enter a code from the following table or select the code from the drop-down list to indicate the type of agreement.

Code Description
1

Current year

When this code is entered, UltraTax CS marks the option on Form RPD-41353 indicating an agreement applies to the current year.
2

Indefinite term

When this code is entered, UltraTax CS marks the option on Form RPD-41353 indicating an agreement is indefinite.
3

Through

When this code is entered, UltraTax CS marks the option on Form RPD-41353 indicating an agreement is set through a specific date.

Enter the through date to be used in completing Form RPD-41353 when you have selected this option.

Code Description
1 Residency documentation of file
2 Form RPD-41353 is on file
3 Section 501(c)(3) organization
4 U.S, NM, or agency, instrumentality, or political subdivision
5 Indian nation, tribe, pueblo or agency, instrumentality, or political subdivision
6 Inability to make payment due to non-availability of funds
7 Timely election for federal income tax changing net income of a prior quarter
8 Elected to defer income and insufficient cash to remit withholding
9 Insurance company, reciprocal, or interinsurance exchange
10 Amount to withhold from is less than $100

Mark this checkbox if the shareholder is a resident required to file Form RPD-41354. If this checkbox is marked, UltraTax CS prints Form RPD-41354 for this shareholder.

Enter the shareholder's CRS identification number in this field.

UltraTax CS provides this statement dialog for supplemental information specific to each shareholder. Use this statement dialog for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Section A in Screen NMKSep. UltraTax CS prints the information you enter in this statement dialog in the Supplemental information statement on the Shareholder Worksheet.

Withholding information group box

UltraTax CS calculates Form RPD-41367, Page 2, column 3. To use an amount other than the program-calculated amount for this shareholder, enter an amount in the field.

UltraTax CS calculates Form RPD-41367, Page 2, column 4. To use an amount other than the program-calculated amount for this shareholder, enter an amount in the field.

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