Former NM tax man charged with tax fraud abqjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abqjournal.com Daily Mail and Mail on Sunday newspapers.
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ALBUQUERQUE, N.M. Some taxpayers who qualify for the New Mexico Working Families Tax Credit will also be eligible for the extra $600 Personal Income Tax rebate that recently became law.
The rebates are available to taxpayers who are not dependents, who receive the Working Families Tax Credit and who meet state-designated income levels, according to a news release from the New Mexico Taxation and Revenue Department.
Single filers must have an adjusted gross income of $31,200, while those filing jointly must make less than $39,000.
Taxpayers who have already filed their 2020 New Mexico Personal Income Tax returns and are eligible for the $600 rebate do not need to take further action. The rebate will be mailed to them or delivered by direct deposit if they selected that option when they filed, according to the release.
March 9, 2021
Bayard aims to repay state in lump sum Written by Nickolas Seibel on March 9, 2021
During the virtual Bayard City Council meeting Monday afternoon, councilors discussed whether the approximately $386,000 owed to the state should be paid back in one large sum or payments of $5,000 every month for seven years. The city’s debt was created by a business’s inaccurately reported gross receipts tax payments, resulting in overpayments from the state.
Bayard Clerk-Treasurer Kristina Ortiz informed the council that the state’s Small Cities Assistance Fund provided Bayard with $200,000 last Friday to assist in the payback, but totals are still being determined, and the city still falls short of paying the debt with budgeted funds.
Ledford charged in with embezzlement and tax fraud
Marion Ledford, 66 of Alamogordo, was charged with embezzlement and tax fraud for alleged misuse of money belonging to the Robert W. Hamilton Foundation.
“Taxation and Revenue Department agents stand ready to bring anyone who commits white collar crime in New Mexico to justice,” said New Mexico Taxation and Revenue Department Secretary Stephanie Schardin Clarke.
Ledford was director of the Robert W. Hamilton Foundation which provides scholarships to Otero County high school graduates. According to the U.S. Attorney, Ledford wrote $1,785,300 in checks to himself from the foundation’s accounts and failed to report the additional income on returns from 2011 to 2016, a news release from the New Mexico Department of Taxation and Revenue states.
Private equity raised abqjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abqjournal.com Daily Mail and Mail on Sunday newspapers.