Form CT-1 Employer's Annual Railroad Retirement Tax Return

CT-1

Form

OMB No. 1545-0001

Employer’s Annual Railroad Retirement Tax Return

Department of the Treasury
Internal Revenue Service

Please
type or
print.

Part I

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©

Name

Employer identification number (EIN)

Address (number and street)

RRB number

City, state, and ZIP code

If final return,
check here. ©

Calendar year

Railroad Retirement Taxes. On lines 1–10 below, enter the amount of compensation for each tax. Then,
multiply it by the rate shown and enter the tax.
Compensation

1
2
3
4
5
6
7
8
9
10
11
12

13
14

2007

See the separate instructions.

Rate

Tax

Tier I Employer Tax—Compensation (other than tips and sick
pay) paid in 2007
$
× 6.2% = 1
Tier I Employer Medicare Tax—Compensation (other than tips
and sick pay) paid in 2007
$
× 1.45% = 2
Tier II Employer Tax—Compensation (other than tips) paid in 2007 $
× 12.1% = 3
Tier I Employee Tax—Compensation (other than sick pay) paid
× 6.2% = 4
in 2007
$
Tier I Employee Medicare Tax—Compensation (other than sick
pay) paid in 2007 (for tips, see instructions)
$
× 1.45% = 5
Tier II Employee Tax—Compensation (for tips, see instructions)
paid in 2007
× 3.9% = 6
$
Tier I Employer Tax—Sick pay paid in 2007
× 6.2% = 7
$
Tier I Employer Medicare Tax—Sick pay paid in 2007
× 1.45% = 8
$
Tier I Employee Tax—Sick pay paid in 2007
× 6.2% = 9
$
Tier I Employee Medicare Tax—Sick pay paid in 2007
× 1.45% = 10
$
11
Total tax based on compensation (add lines 1 through 10)
Adjustments to employer and employee railroad retirement taxes based on compensation. See
the instructions for line 12 and attach required statements.
1 Fractions of Cents $
1
= 12
Sick Pay $
Other $
13
Total railroad retirement taxes based on compensation (line 11 adjusted by line 12)
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Total railroad retirement tax deposits (from your records) for the year, including overpayment
14
applied from the prior year
15
15 Balance due (subtract line 14 from line 13). Pay to the “United States Treasury” (see instructions)
Pay using EFTPS or complete Form CT-1(V), Payment Voucher, and enclose with return and payment.
16 Overpayment. If line 14 is more than line 13, enter overpayment here © $
and check if you want it:
Applied to next return or
Refunded.
● All filers: If line 13 is less than $2,500, do not complete Part II or Form 945-A.
● Semiweekly schedule depositors: Complete Form 945-A and see the Part II instructions on page 2.
● Monthly schedule depositors: Complete Part II on page 2.

ThirdParty
Designee

Sign
Here

Do you want to allow another person to discuss this return with the IRS (see the instructions)?
Designee’s
name ©

Phone
©
no.

(

Yes. Complete the following.

No.

Personal identification
©
number (PIN)

)

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete.

Signature

©

Print Your
Name and Title.

For Paperwork Reduction Act Notice, see back of payment voucher.

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Date
Cat. No. 16006S

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Form

CT-1

(2007)

Form CT-1 (2007)

Part II

Page

2

Record of Railroad Retirement Tax Liability

Complete the Monthly Summary of Railroad Retirement Tax
Liability below only if you were a monthly schedule depositor for
the entire year. Enter your Tier I and Tier II tax liability on the
lines provided for each month.
If you were a semiweekly schedule depositor during any part
of the year or you accumulated $100,000 or more on any day
during a deposit period, you must complete Form 945-A, Annual
Record of Federal Tax Liability. Do not complete the monthly
summary below.

On Form 945-A for each payday, enter the sum of your
employee and employer Tier I and Tier II taxes on the
appropriate line.
Your total tax liability for the year (line V below or line M on
Form 945-A) should equal your total taxes for the year (line 13,
Form CT-1). Otherwise, you may be charged a failure-to-deposit
penalty.
Note. See the instructions for the deposit rules for railroad
retirement taxes.

Monthly Summary of Railroad Retirement Tax Liability
Complete if Part I, line 13, is $2,500 or more and you were a monthly schedule depositor.

Date compensation paid:
First month of quarter:
Tier I and Tier II taxes
I First month liability

Third Quarter

Fourth Quarter

April

July

October

February

May

August

November

March

June

September

December

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Third month of quarter:
Tier I and Tier II taxes
III Third month liability

Second Quarter

January

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Second month of quarter:
Tier I and Tier II taxes
II Second month liability

First Quarter

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IV Total for quarter, add
lines I, II, and III.
V Total railroad retirement tax liability for the year. This should equal Part I, line 13

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Form

CT-1

(2007)

Form CT-1 (2007)

Page

3

Form CT-1(V),
Payment Voucher
Purpose of Form
Complete Form CT-1(V), Payment Voucher, if you are
making a payment with Form CT-1, Employer’s Annual
Railroad Retirement Tax Return. We will use the
completed Form CT-1(V) to credit your payment more
promptly and accurately, and to improve our service to
you.
If you have your return prepared by a third party and
a payment is required with that return, provide
Form CT-1(V) to the return preparer.

Making Payments With Form CT-1
To avoid a penalty, make a payment with Form CT-1
only if one of the following applies.
● Your total railroad retirement taxes for the year (line
13 on Form CT-1) are less than $2,500 and you are
paying in full with a timely filed return or
● You are a monthly schedule depositor making a
payment in accordance with the Accuracy of Deposits
Rule. See page 4 of the separate instructions for
details. This amount may be $2,500 or more.
Otherwise, you must deposit the amount at an
authorized financial institution or by electronic funds
transfer. Do not use Form CT-1(V) to make federal tax
deposits. See How To Make Deposits on page 4 of the
separate instructions.

Caution. Use Form CT-1(V) when paying any amount
with Form CT-1. However, if you pay an amount with
Form CT-1 that should have been deposited, you may
be subject to a penalty. See Penalties and Interest on
page 5 of the separate instructions.

Specific Instructions
Box 1—Employer identification number (EIN). Use
the same EIN that you entered on Form CT-1. If you
do not have an EIN, you may apply for one online. Go
to the IRS website at www.irs.gov/businesses/small
and click on the “Employer ID Numbers (EINs)” link.
You may also apply for an EIN by calling
1-800-829-4933, or you can fax or mail Form SS-4,
Application for Employer Identification Number, to the
IRS.
Box 2—Amount paid. Enter the amount paid with
Form CT-1.
Box 3—Name and address. Enter your business
name and address as shown on Form CT-1.
● Enclose your check or money order made payable to
the “United States Treasury.” Be sure to enter your
EIN, “Form CT-1,” and the tax period on your check or
money order. Do not send cash. Do not staple
Form CT-1(V) or your payment to Form CT-1 or to
each other.
● Detach Form CT-1(V) and send it with your payment
and Form CT-1 to the address in the Instructions for
Form CT-1.

Ä Detach Here and Mail With Your Payment and Form CT-1. Ä

Form CT-1(V)
Department of the Treasury
Internal Revenue Service
(77)

1

OMB No. 1545-0001

Payment Voucher
©

Enter your employer identification number (EIN)

2007

Use this voucher when making a payment with Form CT-1.
2

3

Enter the amount of your payment.
Enter your business name.

Enter your address.

Enter your city, state, and ZIP code.

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Dollars

Cents

Form CT-1 (2007)

Paperwork Reduction Act Notice. We ask for the
information on this form to carry out the Internal
Revenue laws of the United States. We need it to
ensure that you are complying with these laws and to
figure and collect the right amount of tax.
You are not required to provide the information
requested on a form that is subject to the Paperwork
Reduction Act unless the form displays a valid OMB
control number. Books or records relating to a form or
its instructions must be retained as long as their
contents may become material in the administration of
any Internal Revenue law. Generally, tax returns and
return information are confidential, as required by
section 6103.

Page

4

The time needed to complete and file Form CT-1 will
vary depending on individual circumstances. The
estimated average time is:
Recordkeeping, Part I, 10 hr., 31 min.; Part II, 4 hr.,
4 min.; Learning about the law or the form, Part I,
2 hr., 1 min.; Preparing, copying, assembling, and
sending the form to the IRS, Part I, 4 hr., 39 min.;
Part II, 4 min.
If you have comments concerning the accuracy of
these time estimates or suggestions for making Form
CT-1 simpler, we would be happy to hear from you.
You can write to the Internal Revenue Service, Tax
Products Coordinating Committee,
SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW,
IR-6526, Washington, DC 20224. Do not send Form
CT-1 to this address. Instead, see Where To File on
page 2 of the Instructions for Form CT-1.