The WC-1 form is a crucial document for employers in New Mexico, designed to facilitate the payment of the Workers' Compensation Fee. This form must be filed by every employer covered under the Workers' Compensation Act, ensuring compliance with state regulations. Each quarter, employers report the number of covered employees and remit the appropriate fee, which has recently increased to $4.30 per worker.
The State of New Mexico's WC-1 form is an essential document for employers navigating the landscape of workers' compensation. This form, officially known as the Workers' Compensation Fee Form, plays a crucial role in ensuring compliance with the state's Workers' Compensation Act. Since the calendar quarter ending September 30, 2004, the fee per covered worker has increased from $4 to $4.30, highlighting the importance of staying current with these changes. Every employer, regardless of whether they are mandated or have chosen to opt into the Workers' Compensation system, is required to file this form and pay the associated fee. On the WC-1, employers must report the number of covered employees they had on the last working day of the quarter. If there are no covered employees, they simply enter zero. Timeliness is key; the fee must be submitted by the last day of the month following the close of each quarter. This means that employers need to be organized and proactive about their reporting. After filling out the form, it's necessary to sign, date, and include contact information before mailing it to the Taxation and Revenue Department. Keeping a copy for personal records is also advised. For those who may have questions, assistance is readily available through the provided contact number.
RPD-41054 Rev. 08/2010
STATE OF NEW MEXICO
TAXATION AND REVENUE DEPARTMENT
WC-1 - WORKERS' COMPENSATION FEE FORM
Beginning with calendar quarter ending September 30, 2004, the quarterly workers' compensation fee paid on Form WC-1 increased from $4 to $4.30 per covered worker (employee). Only the employer's share increased.
See the instructions for details.
WHO MUST FILE: Every employer who is covered by the Workers' Compensation Act, whether by requirement or election, must file and pay the New Mexico Workers' Compensation Fee and file Form WC-1. See the instructions for requirements.
*IMPORTANT: On Line 1, enter the number of workers (employees) to whom the Workers' Compensation Fee applies. This is the number of covered employees you employed on the last working day of the calendar quarter. If you have no covered employees, enter zero.
WHEN TO FILE: The Workers' Compensation Fee is due on or before the last day of the month following the close of the report period. A report period is a calendar quarter ending March 31, June 30, September 30 and December 31.
Upon completion of this form, sign, date and enter your phone number and E-mail address on the form. Make the check or money order payable to Taxation and Revenue Department.
Mail the bottom portion of this form with payment to New Mexico Taxation and Revenue Department, P.O. Box 2527, Santa
Fe, NM 87504-2527. Retain the top portion for your records. For assistance call (505) 827-0832.
A.FEIN:
B.CRS:
C.EAN:
NAME:
STREET/BOX:
CITY, STATE, ZIP:
REPORT PERIOD:
Beginning (mm-dd-yy) Ending (mm-dd-yy)
1. *Number of covered
workers at close of
report period
1.
2.
Assessment fee
$
3.
Penalty
4.
Interest
5.
Total due
PLEASE CUT AND INCLUDE THE BOTTOM PORTION WITH YOUR PAYMENT
RETAIN THE UPPER PORTION FOR YOUR RECORDS
WORKERS' COMPENSATION FEE (WC-1)
A.
FEIN:
B.
CRS:
Beginning (mm-dd-yy)
Ending (mm-dd-yy)
C. EAN:
1.*Number of covered workers at close of report period
2.Assessment fee
3.Penalty
4.Interest
5.Total due
2.$
3.$
4.$
5.$
Check if amended
Signature ___________________________________ Phone ______________ Date _____________ E-mail address __________________________
Mail to: Taxation and Revenue Department, P.O. Box 2527, Santa Fe, NM 87504-2527
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