N.M. Stat. » N.M. Stat. / Chapter 7 / Article 2A
New Mexico Statutes

N.M. Stat. § 7-2A-11 (2026)

Accounting methods.

✓ current as of May 2026
Find cases: SyfertCases citing this section NM-LEGnmonesource.com JustiaChapter on Justia CornellLII Search CasesGoogle Scholar 
   A taxpayer shall use the same accounting methods for reporting income for
corporate income tax purposes as are used in reporting income for federal income tax
purposes.

History: 1978 Comp., § 7-2A-11, enacted by Laws 1981, ch. 37, § 44; 1986, ch. 20, §
49.

                                   ANNOTATIONS

Cross references. — For deduction of accounting services from gross receipts by
corporations, see 7-9-69 NMSA 1978.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local
Taxation §§ 578, 579.

85 C.J.S. Taxation § 1699.
Notes of Decisions
Cited in 2 cases, 1986–1986 · leading case: Mountain States Tel. & Tel. Co. v. New Mexico State Corp., 715 P.2d 1332 (N.M. 1986).
Sort: Relevance Newest Treatment
Mountain States Tel. & Tel. Co. v. New Mexico State Corp., 715 P.2d 1332 (N.M. 1986). · cites it 2× “" NMSA 1978, § 7-2A-11 (Repl.Pamp.1983) (emphasis added); see also NMSA 1978, § 7-1-10 (Repl.”
Rates & Charges of Mountain States Tel. & Tel., 715 P.2d 1332 (N.M. 1986). · cites it 2× “" NMSA 1978, § 7-2A-11 (Repl.Pamp. 1983) (emphasis added); see also NMSA 1978, § 7-1-10 (Repl.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.