Railroad Retirement Tax Act (Form CT-1 and CT-1X)

Forms and Documents

Document Name	Status
Form CT-1X Adjusted Employer's Annual Railroad Retirement Tax Return or Claim for Refund Form	Modified
Form CT-1 Employer's Annual Railroad Retirement Tax Return Form	Modified
1545-0001 Supporting Statement.docx Supporting Statement A	2022-03-07

IC Document Collections

IC ID	Document Title	Status
187434	Adjusted Employer's Annual Railroad Retirement Tax Return or Claim for Refund Form	Modified
16710	Employer's Annual Railroad Retirement Tax Return Form	Modified

ICR Details

OMB Control No: 1545-0001	ICR Reference No: 202202-1545-014
Status: Received in OIRA	Previous ICR Reference No: 202112-1545-012
Agency/Subagency: TREAS/IRS	Agency Tracking No: Ready for Treasury
Title: Railroad Retirement Tax Act (Form CT-1 and CT-1X)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 07/29/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2022
Responses	2,400	2,400
Time Burden (Hours)	62,589	62,589
Cost Burden (Dollars)	0	0

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Abstract: Chapter 22 of the Internal Revenue Code (IRC) contains the rules and requirements of taxes imposed by the Railroad Retirement Tax Act (RRTA). IRC section 3201 imposes a tax on railroad employees' earnings at a rate equal to the social security tax rate, as well as a tax on income commonly known as Tier II tax. IRC section 3221 imposes the equivalent of employer Federal Insurance Contribution Act (FICA) tax and a Tier II tax on the employer. IRC sections 6011, 6071, and 6302, and their associated regulations, provide the requirements for filing returns, the time of filing, and the method of collecting taxes imposed by IRC Chapter 22. Form CT-1 is used by railroad employers to annually report taxes imposed by the Railroad Retirement Tax Act (RRTA) and claim eligible employer tax credits. Form CT-1X is used to correct errors on a previously filed Form CT-1.

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Authorizing Statute(s): US Code: 26 USC 3221 Name of Law: Rate of tax (employer)
   US Code: 26 USC 3201 Name of Law: Rate of tax (employee)
   PL: Pub.L. 117 - 2 9501, 9641, and 9651 Name of Law: American Rescue Plan Act
   US Code: 26 USC 6011 Name of Law: General Requirement Of Return, Statement, Or List
   US Code: 26 USC 6071 Name of Law: Time For Filing Returns And Other Documents
   US Code: 26 USC 6302 Name of Law: Mode Or Time Of Collection
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 2486	01/14/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 45423	07/28/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Adjusted Employer's Annual Railroad Retirement Tax Return or Claim for Refund	CT-1X	Adjusted Employer's Annual Railroad Retirement Tax Return or Claim for Refund
Employer's Annual Railroad Retirement Tax Return	CT-1	Employer's Annual Railroad Retirement Tax Return

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	2,400	2,400	0	0	0	0
Annual Time Burden (Hours)	62,589	62,589	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $121,606

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 07/29/2022

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