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The New Mexico Society of CPAs (“the Society”) recognized and honored Westly Wellborn, CPA, CGMA as the Society’s “Outstanding Member in Public Practice.” At their 22nd Annual Pride in the [...]

There are many reasons people request a tax extension. From incomplete tax documentation to unexpected life events, our reasons may vary, but the need to file remains the same. Usually, the IRS [...]

The New Mexico Taxation and Revenue Department issued a warning to New Mexicans about phone scammers posing as tax agents. The Taxation and Revenue Department received recent reports of [...]

Be prepared to wait a few extra weeks to receive your New Mexico tax refund this year, as the state is taking extra precautions to protect taxpayers from fraud. The Taxation & Revenue [...]

Traditionally, Tax Day is April 15th unless that date falls on a Saturday or a Sunday, in which case the due date for federal income tax returns gets pushed ahead to the next business day. This [...]

If not, this is the year to move forward with renewable energy sources. The Renewable Energy Tax Credit allows a taxpayer to claim a credit of up to 30% of qualified expenditures for a system [...]

2016 is shaping up to be a year of change at Wellborn & Company. Along with our new name and updated website, we are venturing into the world of social media. We hope you will join us on [...]

As of March 11, 2014, the IRS updated Publication 1345 to allow electronic signatures on Forms 8878 and 8879, providing that the taxpayer’s identity has been verified in person, or by the use of [...]