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2010

Department of the Treasury

Internal Revenue Service

Instructions for Form CT-1

Employer’s Annual Railroad Retirement Tax Return

Beginning in 2011, all deposits of more than $2,500

Section references are to the Internal Revenue Code unless

must be made electronically. For more information,

otherwise noted.

see Depositing Taxes on page 3.

CAUTION

What’s New

Where can you get telephone help? You can call the IRS

Changes to tax rates and compensation bases. For

toll free at 1-800-829-4933 Monday through Friday from 7

2010 tax rates and compensation bases, see Employer and

a.m. to 10 p.m. your local time (Alaska and Hawaii follow

Employee Taxes — Tax Rates and Compensation Bases on

Pacific time) for answers to your questions about completing

page 2.

Form CT-1, tax deposit rules, or obtaining an employer

Tier I employer tax exemption. Qualified employers are

identification number (EIN).

allowed an exemption for Tier I employer tax on

Additional information.

compensation paid to qualified employees after March 31,

•

Pub. 15 (Circular E), Employer’s Tax Guide, contains

2010, and before January 1, 2011. See the instructions for

information for withholding, depositing, reporting, and paying

line 1 on page 5.

employment taxes.

Tier I employer tax credit. Qualified employers can claim

•

Pub. 15-A, Employer’s Supplemental Tax Guide, contains

a tax credit for Tier I employer tax on compensation paid to

specialized and detailed employment tax information

qualified employees from March 19 through 31. See the

supplementing the basic information provided in

instructions for line 15 on page 6.

Pub. 15 (Circular E).

Federal tax deposits must be made by electronic funds

•

Pub. 15-B, Employer’s Tax Guide to Fringe Benefits,

transfer. Beginning January 1, 2011, you must use

contains information about the employment tax treatment of

electronic funds transfer to make all federal tax deposits

various types of noncash compensation.

(such as deposits of employment tax, excise tax, and

•

Pub. 915, Social Security and Equivalent Railroad

corporate income tax). Forms 8109 and 8109-B, Federal

Retirement Benefits, contains the federal income tax rules

Tax Deposit Coupon, cannot be used after December 31,

for social security benefits and equivalent Tier I railroad

2010. Generally, electronic funds transfers are made using

retirement benefits.

the Electronic Federal Tax Payments System (EFTPS). If

•

The Railroad Retirement Board (RRB) website at

you do not want to use EFTPS, you can arrange for your tax

contains additional employer reporting

professional, financial institution, payroll service, or other

information and instructions.

trusted third party to make deposits on your behalf. Also,

you may arrange for your financial institution to initiate a

You can order forms and publications by calling

same-day tax wire payment on your behalf. EFTPS is a free

1-800-829-3676 or visiting IRS.gov.

service provided by the Department of Treasury. Services

provided by your tax professional, financial institution,

Photographs of Missing Children

payroll service, or other third party may have a fee.

The Internal Revenue Service is a proud partner with the

For more information about EFTPS or to enroll in EFTPS,

National Center for Missing and Exploited Children.

visit the EFTPS website at , or call

Photographs of missing children selected by the Center may

1-800-555-4477. You also can get Pub. 966, The Secure

appear in instructions on pages that would otherwise be

Way to Pay Your Federal Taxes.

blank. You can help bring these children home by looking at

the photographs and calling 1-800-THE-LOST

Reminders

(1-800-843-5678) if you recognize a child.

Correcting a previously filed Form CT-1. If you discover

General Instructions

an error on a previously filed Form CT-1, make the

correction using Form CT-1 X, Adjusted Employer’s Annual

Railroad Retirement Tax Return or Claim for Refund. Do not

Purpose of Form

use line 12 of Form CT-1 to make prior period corrections.

Use Form 843, Claim for Refund and Request for

Use Form CT-1 to report taxes imposed by the Railroad

Abatement, when requesting a refund or abatement of

Retirement Tax Act (RRTA). Use Form 941, Employer’s

assessed interest or penalties. For more information, see

QUARTERLY Federal Tax Return, or, if applicable, Form

section 13 of Pub. 15 (Circular E), Employer’s Tax Guide, or

944, Employer’s ANNUAL Federal Tax Return, to report

visit IRS.gov and enter the keywords “Correcting

federal income taxes withheld from your employees’ wages.

Employment Taxes.”

Who Must File

Electronic payment. Now, more than ever before,

businesses can enjoy the benefits of paying their railroad

File Form CT-1 if you paid one or more employees

retirement taxes electronically. Whether you rely on a tax

compensation subject to tax under RRTA.

professional or handle your own taxes, the IRS offers you

convenient programs to make it easier. Spend less time on

A payer of sick pay (including a third party) must file Form

taxes and more time running your business. Use Electronic

CT-1 if the sick pay is subject to Tier I railroad retirement

Federal Tax Payment System (EFTPS) to your benefit. To

taxes. Include sick pay payments on lines 7a through 10 of

learn more about EFTPS, visit

or call EFTPS

Form CT-1. Follow the reporting procedures for sick pay

Customer Service at 1-800-555-4477.

reporting in section 6 of Pub. 15-A.

Cat. No. 16005H

Instructions For Form Ct-1 - Employer'S Annual Railroad Retirement Tax Return - 2010

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