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

OMB No. 1545-0001

Department of the Treasury

Internal Revenue Service © See the separate instructions.
2006
Name Employer identification number (EIN)

Address (number and street) RRB number

Please
type or
print.
© City, state, and ZIP code
Calendar year
If final return,
check here. ©

Part I 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 Rate Tax
1 Tier I Employer Tax—Compensation (other than tips and sick
pay) paid in 2006 $ × 6.2% = 1
2 Tier I Employer Medicare Tax—Compensation (other than tips
and sick pay) paid in 2006 $ × 1.45% = 2
3 Tier II Employer Tax—Compensation (other than tips) paid in 2006 $ × 12.6% = 3
4 Tier I Employee Tax—Compensation (other than sick pay) paid
in 2006 $ × 6.2% = 4
5 Tier I Employee Medicare Tax—Compensation (other than sick
pay) paid in 2006 (for tips, see instructions) $ × 1.45% = 5
6 Tier II Employee Tax—Compensation (for tips, see instructions)
paid in 2006 $ × 4.4% = 6
7 Tier I Employer Tax—Sick pay paid in 2006 $ × 6.2% = 7
8 Tier I Employer Medicare Tax—Sick pay paid in 2006 $ × 1.45% = 8
9 Tier I Employee Tax—Sick pay paid in 2006 $ × 6.2% = 9
10 Tier I Employee Medicare Tax—Sick pay paid in 2006 $ × 1.45% = 10
11 Total tax based on compensation (add lines 1 through 10) 11
12 Adjustments to employer and employee railroad retirement taxes based on compensation. See
the instructions for line 12 and attach required statements.
Sick Pay $ 1 Fractions of Cents $ 1 Other $ = 12
13 Total railroad retirement taxes based on compensation (line 11 adjusted by line 12) © 13
14 Total railroad retirement tax deposits (from your records) for the year, including overpayment
applied from the prior year 14
15 Balance due (subtract line 14 from line 13). Pay to the “United States Treasury” (see instructions) 15
Pay using RRBLINK/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.
Do you want to allow another person to discuss this return with the IRS (see the instructions)? Yes. Complete the following. No.
Third-
Party
Designee’s Phone Personal identification
Designee name © no. © ( ) 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.
Sign
Here Print Your
Signature © Name and Title. © Date ©

For Paperwork Reduction Act Notice, see back of payment voucher. Cat. No. 16006S Form CT-1 (2006)
Form CT-1 (2006) Page 2
Part II Record of Railroad Retirement Tax Liability
Complete the Monthly Summary of Railroad Retirement Tax On Form 945-A for each payday, enter the sum of your
Liability below only if you were a monthly schedule depositor for employee and employer Tier I and Tier II taxes on the
the entire year. Enter your Tier I and Tier II tax liability on the appropriate line.
lines provided for each month. Your total tax liability for the year (line V below or line M on
If you were a semiweekly schedule depositor during any part Form 945-A) should equal your total taxes for the year (line 13,
of the year or you accumulated $100,000 or more on any day Form CT-1). Otherwise, you may be charged a failure-to-deposit
during a deposit period, you must complete Form 945-A, Annual penalty.
Record of Federal Tax Liability. Do not complete the monthly Note. See the instructions for the deposit rules for railroad
summary below. 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 Quarter Second Quarter Third Quarter Fourth Quarter
First month of quarter: January April July October

Tier I and Tier II taxes

I First month liability ©

Second month of quarter: February May August November

Tier I and Tier II taxes

II Second month liability ©

Third month of quarter: March June September December

Tier I and Tier II 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 13 ©

Form CT-1 (2006)

Form CT-1 (2006) Page 3

Form CT-1 (V),

Payment Voucher

Purpose of Form Caution. If you pay amounts with Form CT-1 that
should have been deposited, you may be subject to a
Complete Form CT-1(V), Payment Voucher, if you are penalty. See Penalties and Interest on page 4 of the
making a payment with Form CT-1, Employer’s Annual instructions.
Railroad Retirement Tax Return. We will use the
completed Form CT-1(V) to credit your payment more Specific Instructions
promptly and accurately, and to improve our service to
you. Box 1—Employer identification number (EIN). Use
the same EIN that you entered on Form CT-1. If you
If you have your return prepared by a third party and do not have an EIN, you may apply for one online. Go
a payment is required with that return, provide to the IRS website at www.irs.gov/businesses/small
Form CT-1(V) to the return preparer. and click on the “Employer ID Numbers (EINs)” link.
You may also apply for an EIN by calling
Making Payments With Form CT-1 1-800-829-4933, or you can fax or mail Form SS-4,
Make payments with Form CT-1 only if: Application for Employer Identification Number, to the
IRS.
1. Your total railroad retirement taxes for the year
(line 13 on Form CT-1) are less than $2,500 and you Box 2—Amount paid. Enter the amount paid with
are paying in full with a timely filed return or Form CT-1.
2. You are a monthly schedule depositor making a Box 3—Name and address. Enter your business
payment in accordance with the Accuracy of Deposits name and address as shown on Form CT-1.
Rule. See page 4 of the instructions for details. This ● Enclose your check or money order made payable to
amount may be $2,500 or more. the “United States Treasury.” Be sure to enter your
Otherwise, you must deposit the amount at an EIN, “Form CT-1,” and the tax period on your check or
authorized financial institution or by electronic funds money order. Do not send cash. Do not staple
transfer. Do not use Form CT-1(V) to make federal tax Form CT-1(V) or your payment to Form CT-1 or to
deposits. See How To Make Deposits on page 4 of the each other.
instructions. ● 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

OMB No. 1545-0001

Form CT-1(V) Payment Voucher
Department of the Treasury
Internal Revenue Service
© Use this voucher when making a payment with Form CT-1. 2006
1 Enter your employer identification number (EIN) 2 Dollars Cents
Enter the amount of your payment. ©

3 Enter your business name.

Enter your address.

Enter your city, state, and ZIP code.

Form CT-1 (2006) Page 4
Paperwork Reduction Act Notice. We ask for the The time needed to complete and file Form CT-1 will
information on this form to carry out the Internal vary depending on individual circumstances. The
Revenue laws of the United States. We need it to estimated average time is:
ensure that you are complying with these laws and to Recordkeeping, Part I, 10 hr., 31 min.; Part II, 4 hr.,
figure and collect the right amount of tax. 4 min.; Learning about the law or the form, Part I,
You are not required to provide the information 2 hr., 1 min.; Preparing, copying, assembling, and
requested on a form that is subject to the Paperwork sending the form to the IRS, Part I, 4 hr., 39 min.;
Reduction Act unless the form displays a valid OMB Part II, 4 min.
control number. Books or records relating to a form or If you have comments concerning the accuracy of
its instructions must be retained as long as their these time estimates or suggestions for making Form
contents may become material in the administration of CT-1 simpler, we would be happy to hear from you.
any Internal Revenue law. Generally, tax returns and You can write to the Internal Revenue Service, Tax
return information are confidential, as required by Products Coordinating Committee,
section 6103. SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW,
IR-6406, Washington, DC 20224. Do not send Form
CT-1 to this address. Instead, see Where To File on
page 1 of the Instructions for Form CT-1.