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Are reimbursed expenses taxable gross receipts?
Sometimes clients reimburse my expenses. Should these payments be included along with all my gross receipts when I file my GRT report?
Yes - Except when the expenses are incurred by an agent. For example, when a client reimburses their attorney for a filing fee the attorney paid on behalf of their client.
The rule for this is in N.M. Administration Act Sec. 3.2.1.19(C). The examples there are particularly helpful.
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