Magdalena is a village in Socorro County, New Mexico, United States. The population was 913 at the 2000 census. The Lady on the Mountain is a rock formation on Magdalena Peak overlooking Magdalena. Spanish soldiers saw the face of a woman on the west face of the peak. A priest with them was reminded of a similar peak in Spain called "La Sierra de Maria Magdalena", so he called the New Mexico one "La Sierra de Magdalena". The natural pass to the south of the peak became known as Magdalena Gap, and when a town grew up it received the same name. Magdalena has recently been trying to transform itself into an art center and cultural destination. The opening of at least a dozen art galleries, a woolery, the renovation of the Bank West Building and the Magdalena Hall Hotel have all made their mark on this mountain village. Several rock and mineral shops have been around since the mining boom days. The ghost town of Kelly, and 2 important festivals: the Lady Magdalen Art Walk, and the Old Timers Reunion and Rodeo bring tourists to the area. Newly-paved roads, additions to the large school, a public water system, trash disposal service and the opening of a new Mini-Mart and Gas Station have improved the quality of life for its citizens. The Very Large Array is located close to the community.

What is tax law?

Tax law is the codified system of laws that describes taxes on economic transactions. Tax attorneys advise and represent individuals and businesses on all types of tax issues -- including income tax, payroll tax, property tax, and estate and gift taxes. Tax attorneys ensure that their clients are in compliance with federal and state laws and regulations, and represent taxpayers in enforcement proceedings initiated by the Internal Revenue Service (IRS) and/or state taxation agencies.

Answers to tax law issues in New Mexico

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

At the federal level, the primary tax is the income tax. Most know this form of taxation by the completion of the...

The IRS can seize just about anything you own-including your home and pension plans. There is a list of items exempt...

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...

The Tax Relief and Health Care Act of 2006 made significant changes to the Informants Reward Program under the False...