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

Caution: DRAFT—NOT FOR FILING
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Form

CT-1

Employer’s Annual Railroad Retirement Tax Return

Department of the Treasury
Internal Revenue Service

Type
or
Print

Part I

1
2
3
4
5
6
7
8
9
10
11
12
13
14

15
16

▶

OMB No. 1545-0001

2014

Information about Form CT-1 and its separate instructions is at www.irs.gov/ct1.

Name

Employer identification number (EIN)

Address (number and street)

RRB number

If final return,
check here. ▶

DRAFT AS OF
August 7, 2014
DO NOT FILE
City or town, state or province, country, and ZIP or foreign postal code

Railroad Retirement Taxes. On lines 1 through 12 below, enter the amount of compensation paid in 2014
for each tax. Then, multiply it by the rate shown and enter the tax.

Compensation
Rate
Tier 1 Employer Tax—Compensation (other than tips and sick pay) $
× 6.2% =
Tier 1 Employer Medicare Tax—Compensation (other than tips
and sick pay)
. . . . . . . . . . . . . . . .
$
× 1.45% =
Tier 2 Employer Tax—Compensation (other than tips) . . . . $
× 12.6% =
Tier 1 Employee Tax—Compensation (other than sick pay) .
$
× 6.2% =
Tier 1 Employee Medicare Tax—Compensation (other than sick
pay) (for tips, see instructions) . . . . . . . . . . .
$
× 1.45% =
Tier 1 Employee Additional Medicare Tax—Compensation (other
than sick pay) (for tips, see instructions) . . . . . . . .
$
× 0.9% =
Tier 2 Employee Tax—Compensation (for tips, see instructions)
$
× 4.4% =
Tier 1 Employer Tax—Sick pay . . . . . . . . . . .
$
× 6.2% =
Tier 1 Employer Medicare Tax—Sick pay . . . . . . .
$
× 1.45% =
Tier 1 Employee Tax—Sick pay
. . . . . . . . . .
$
× 6.2% =
Tier 1 Employee Medicare Tax—Sick pay . . . . . . .
$
× 1.45% =
Tier 1 Employee Additional Medicare Tax—Sick pay . . . .
$
× 0.9% =
Total tax based on compensation (add lines 1 through 12) . . . . . . . . . . . . . .
Adjustments to employer and employee railroad retirement taxes based on compensation. See the
instructions for line 14 and attach required statements.
Fractions of Cents $
± Other $
=
▶
Total railroad retirement taxes based on compensation (line 13 as adjusted by line 14) . .
Total railroad retirement tax deposits for the year, including overpayment applied from a prior year
and overpayment applied from Form CT-1 X . . . . . . . . . . . . . . . . . .

Tax

1
2
3
4
5

6
7
8
9
10
11
12
13

14
15

16
Balance due. If line 15 is more than line 16, enter the difference and see the instructions . . .
17
Overpayment. If line 16 is more than line 15, enter the difference ▶ $
Check one:
Apply to next return.
• All filers: If line 15 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.
17
18

ThirdParty
Designee

Sign
Here

Yes. Complete the following.

Do you want to allow another person to discuss this return with the IRS (see the instructions)?
Phone
▶
no.

Designee’s
name ▶

Send a refund.

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. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Print Your
Name and Title ▶

Signature ▶

Paid
Preparer
Use Only

Print/Type preparer’s name

Firm’s name

Preparer’s signature

Date ▶
Date

PTIN

Firm's EIN ▶

▶

Phone no.

Firm’s address ▶

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

Check
if
self-employed

Cat. No. 16006S

Form CT-1 (2014)

Page 2

Form CT-1 (2014)

Part II

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 1 and Tier 2 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 1 and Tier 2 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 (Form CT-1, line
15). Otherwise, you may be charged a failure-to-deposit penalty.

DRAFT AS OF
August 7, 2014
DO NOT FILE

Note. See the instructions for the deposit rules for railroad
retirement taxes.

Monthly Summary of Railroad Retirement Tax Liability

Complete if Part I, line 15, is $2,500 or more and you were a monthly schedule depositor.

Date compensation paid:
First month of quarter:

Tier 1 and Tier 2 taxes
I First month liability

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

January

April

July

October

February

May

August

November

March

June

September

December

▶

Second month of quarter:

Tier 1 and Tier 2 taxes
II Second month liability ▶
Third month of quarter:
Tier 1 and Tier 2 taxes
III Third month liability

▶

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 15

.

.

.

.

.

.

▶
Form CT-1 (2014)

Page 3

Form CT-1 (2014)

Form CT-1(V),
Payment Voucher
Purpose of Form

Specific Instructions

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.

Box 1—Employer identification number (EIN). If you do
not have an EIN, you may apply for one online. Go to
IRS.gov and enter “EIN” in the search box. You may also
apply for an EIN by faxing or mailing Form SS-4,
Application for Employer Identification Number, to the
IRS. If you have not received your EIN by the due date of
Form CT-1, write “Applied For” and the date you applied
in this entry space.
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
“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.

DRAFT AS OF
August 7, 2014
DO NOT FILE

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 (Form
CT-1, line 15) 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 the separate instructions for details. This
amount may be $2,500 or more.
Otherwise, you must make deposits by electronic funds
transfer. Do not use Form CT-1(V) to make federal tax
deposits. See Electronic Deposit Requirement in 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 in the
separate instructions.

▼

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

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

▼

Payment Voucher
▶

Enter your employer identification number (EIN)

OMB No. 1545-0001

2014

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

Enter the amount of your payment. ▶
Make your check or money order payable to “United States Treasury.”

3

Enter your business name.
Enter your address.
Enter city or town, state or province, country, and ZIP or foreign postal code.

Dollars

Cents

Page 4

Form CT-1 (2014)

Privacy Act and Paperwork Reduction Act Notice. We
ask for the information on this form to carry out the
Internal Revenue laws of the United States. You are
required to give us this information. We need it to ensure
that you are complying with these laws and to allow us to
figure and collect the right amount of tax. Our authority to
ask for information is found in sections 6001, 6011, and
6012(a) and their regulations. Section 6109 requires you
to provide your identifying number on the return. If you do
not provide the information we ask for, or provide false or
fraudulent information, you may be subject to penalties.
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 and 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. However,
section 6103 allows or requires the IRS to disclose or give
the information shown on your tax return to others as
described in the Code. For example, we may disclose
your tax information to the Department of Justice for civil
and criminal litigation, and to cities, states, the District of

Columbia, and U.S. commonwealths and possessions for
use in administering their tax laws. We may also disclose
this information to other countries under a tax treaty, to
federal and state agencies to enforce federal nontax
criminal laws, or to federal law enforcement and
intelligence agencies to combat terrorism.
The time needed to complete and file Form CT-1 will
vary depending on individual circumstances. The
estimated average time is:
Recordkeeping . . . . . . . . . . 10 hr., 2 min.
Learning about the law or the form . . 1 hr., 45 min.
Preparing, copying, assembling, and
sending the form to the IRS . . . . . 3 hr., 11 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 send us comments from www.irs.gov/formspubs.
Click on More Information and then click on Give us
feedback. Or write to: Internal Revenue Service, Tax
Forms and Publications Division, 1111 Constitution Ave.
NW, IR-6526, Washington, DC 20224. Do not send Form
CT-1 to this address. Instead, see Where To File in the
Instructions for Form CT-1.

DRAFT AS OF
August 7, 2014
DO NOT FILE