How do I apply for a seller's permit?

How to Apply for a Seller's Permit in New Mexico

In New Mexico, a seller's permit is commonly referred to as a CRS (Combined Reporting System) identification number. This permit allows your business to legally collect gross receipts tax on taxable sales.

Steps to Obtain a Seller's Permit (CRS Number)

• Register with the New Mexico Taxation and Revenue Department (TRD): You must apply for a CRS number through the TRD, which manages tax collection and reporting.
• Complete the Combined Reporting System Application: This application collects information about your business, including ownership, location, and types of sales.
• Submit Your Application Online or In-Person: The TRD offers an online portal for faster processing. Alternatively, you can visit a local TRD office.
• Receive Your CRS Number: Once approved, you will be assigned a CRS number to use on all gross receipts tax returns and related filings.

Operational Considerations

• Tax Collection and Reporting: Use your CRS number to collect and remit gross receipts tax regularly according to TRD schedules.
• Recordkeeping: Maintain accurate sales records and tax reports to ensure compliance and facilitate bookkeeping and audits.
• Business Registration: Ensure your business is properly registered with the state before applying for a CRS number.
• Compliance: Stay updated on gross receipts tax rates and filing requirements as they may change over time.

As of 2026, applying for your seller's permit in New Mexico is primarily managed through the TRD's online system, streamlining the process for new and existing businesses.