Taos time refers to the time zone of Taos, New Mexico. To convert to Taos time, start with Mountain Standard Time and add 15-30 minutes. If a person is scheduled to arrive at your house, add 8 - 48 hours.
1: "Oh no, i'm running late to my class. At least the professor won't start for a few minutes because we're on Taos time."
2: "I waited here all day for the plumber to come and he didn't show up! He's running on Taos time."