Income Tax Resources & Tools
New Mexico Legal Aid’s Low-Income Tax Payer Clinic (LITC)
PDFs:
Carta de la Temporada de Impuestos 2025
Tax Preparer’s Ordinance as passed by City Council.12.5.22
Proposed TreaProposed Treasury Regulations on certain child-based tax benefits: REG-137604-07, 01.19.2017.
https://www.federalregister.gov/documents/2017/01/19/2017-01056/definition-of-dependent
IRS Form 1040, Schedule 8812 and Instructions
https://www.irs.gov/pub/irs-pdf/i1040s8.pdf
IRS Form 8862 and Instructions
https://www.irs.gov/pub/irs-pdf/f8862.pdf and https://www.irs.gov/pub/irs-pdf/i8862.pdf
CLE Sessions & Presentation Materials
Empowering Families/Clients: An Income Tax Perspective – 3 Part Series
Presenter: Grace Allison, Staff Attorney and Former Director, New Mexico Legal Aid Low Income Taxpayer Clinic
Prior to joining NMLA, she served for six years as Adjunct Clinical Professor of Law and Qualified Tax Expert in the Low-Income Taxpayer Clinic at the UNM School of Law. A graduate of The University of Chicago Law School and Wellesley College, Grace has practiced as a tax attorney for more than 44 years, “retiring” in 2011 as Tax Counsel, Tax Strategist and Senior Vice President at the Fortune 500 wealth manager, Northern Trust. She has published numerous articles on tax topics in professional journals over the years, and has served on the boards of four New Mexico nonprofits. She is a past Chair of the Charitable Planning and Organizations Group, Real Property Trust and Estate Section of the American Bar Association and is Treasurer of the Tax Section of the State Bar of New Mexico.
2025 Part 3/3 – Allocating Income Tax Benefits Between Parents in a Split-Up
Thursday, January 30, 2025
Did you know that family court allocations of income tax benefits (e.g. “Mom can claim Susie, Dad can claim Jack”) do not control for income tax purposes? Tune in while Grace Allison explains how to allocate income tax benefits, including tax credits, between parents in a split-up.
2025 Part 2/3 – Empowering Family Law Clients: What is a “Qualifying Child” and Why It Matters
Thursday, January 23, 2025
There is more to child-based income tax benefits than meets the eye! Using examples drawn from practice, and a generous dash of humor, Grace will walk you through a potentially bewildering array of rules and exceptions.
2025 Part 1/3 – Empowering Family Law Clients: Tax Credits & Tax Preparer Misconduct
Thursday, January 9, 2025
Knowledge is power. Build better client relationships by helping your clients learn about the millions of dollars of legitimate child-based tax benefits available to them—if they can avoid rampant income tax preparer misconduct!
2024 Part 1: Helping Low- & Middle-Income Families Get Their Money From the IRS
Thursday, January 25, 2024
New Mexico Legal Aid tax attorney Grace Allison will provide an overview of income tax benefits available to low- and middle-income families from the IRS and the State of New Mexico, and how families can apply for these benefits to boost their available resources. Examples will be provided.
2024 Part 2: Understanding Income Tax Benefits for Low- & Middle-Income Families
Thursday, February 22, 2024
NMLA tax attorney Grace Allison will take a deep dive into income tax benefits, including tax credits, available to low- and middle-income families in New Mexico to boost their available resources, explaining how to determine eligibility.
2024 Part 3: Allocating Income Tax Benefits Between Parents in a Split-Up
Thursday, March 28, 2024
NMLA tax attorney Grace Allison will explain how to allocate income tax benefits, including tax credits, between parents in a split-up. Case studies will be provided to demonstrate the principles.