IRS Extends Nonprofit Filing Deadlines in New Mexico and Texas for 2025 Disasters
July 16, 2025 Nonprofits in New Mexico and Texas Gain Tax Relief After 2025 Storms The IRS has announced tax relief for nonprofits affected by severe weather events in 2025, extending filing and payment deadlines to February 2, 2026, for those in disaster areas of New Mexico and Texas. Nonprofits should verify their IRS address […]
New Mexico Audit Threshold Updates
January 1, 2024 Effective January 1, 2024, New Mexico has raised the audit threshold for nonprofits. The new threshold for requiring Audited Financial Statements is set at $750,000 in total revenue. For more information, refer to the New Mexico Auditor’s Report Requirements Update. Questions about the audit threshold updates or how this affects your nonprofit? […]