Instructions For Form Ct-1 (2015) printable pdf download

2015

Department of the Treasury

Internal Revenue Service

Instructions for Form CT-1

Employer's Annual Railroad Retirement Tax Return

Section references are to the Internal Revenue Code unless

1-800-555-4477 or 1-800-733-4829 (TDD). Additional

otherwise noted.

information about EFTPS is also available in Pub. 966.

Future Developments

Outsourcing payroll duties. You are responsible to ensure

that tax returns are filed and deposits and payments are

For the latest information about developments related to

made, even if the you contract with a third party to perform

Form CT-1 and its instructions, such as legislation enacted

these acts. You remain responsible if the third party fails to

after they were published, go to

perform any required action. If you choose to outsource any

What's New

of your payroll and related tax duties (that is, withholding,

reporting, and paying over taxes imposed by the Railroad

Retirement Tax Act, FUTA, and income taxes) to a third-party

Changes to tax rates and compensation bases. For the

2015 tax rates and compensation bases, see Employer and

payer, such as a payroll service provider or reporting agent,

Employee Taxes, later.

visit IRS.gov and enter “outsourcing payroll duties” in the

search box for helpful information on this topic.

Reminders

Paid preparers must sign Form CT-1. Paid preparers

Tier 1 Employee Additional Medicare Tax withholding.

must complete and sign the paid preparer's section of Form

In addition to withholding Tier 1 Employee Medicare tax at

CT-1.

1.45%, you must withhold a 0.9% Tier 1 Employee Additional

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

Medicare Tax from compensation you pay to an employee in

Business and Specialty Tax Line at 1-800-829-4933 or

excess of $200,000 in a calendar year. You are required to

1-800-829-4059 (TDD/TTY for persons who are deaf, hard of

begin withholding Tier 1 Employee Additional Medicare Tax

hearing, or have a speech disability) Monday–Friday from

in the pay period in which you pay compensation in excess of

7:00 a.m.–7:00 p.m. local time (Alaska and Hawaii follow

$200,000 to an employee and continue to withhold it each

Pacific time) for answers to your questions about completing

pay period until the end of the calendar year. Tier 1

Form CT-1 or tax deposit rules.

Employee Additional Medicare Tax is only imposed on the

Additional information.

employee. There is no employer share of Tier 1 Additional

Medicare Tax. All compensation that is subject to Tier 1

Pub. 15 contains information for withholding, depositing,

Medicare tax is subject to Tier 1 Employee Additional

reporting, and paying over employment taxes.

Medicare Tax withholding if paid in excess of the $200,000

Pub. 15-A contains specialized and detailed employment

withholding threshold.

tax information supplementing the basic information provided

in Pub. 15.

Visit IRS.gov and enter “Additional Medicare Tax” in the

Pub. 15-B contains information about the employment tax

search box for more information on Tier 1 Employee

treatment of various types of noncash compensation.

Additional Medicare Tax.

Pub. 915 contains the federal income tax rules for social

Change of address. Use Form 8822-B to notify the IRS of

security benefits and equivalent Tier 1 railroad retirement

an address change.

benefits.

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

The Railroad Retirement Board (RRB) website at

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

contains additional employer reporting

using Form CT-1 X. Form CT-1 X is filed separately from

information and instructions.

Form CT-1. For more information, see the Instructions for

You can order forms and publications by visiting

Form CT-1 X or visit IRS.gov and enter “correcting

employment taxes” in the search box.

Photographs of Missing Children

Federal tax deposits must be made by electronic funds

The IRS is a proud partner with the National Center for

transfer (EFT). You must use EFT to make all federal tax

Missing and Exploited Children. Photographs of missing

deposits. Generally, an EFT is made using the Electronic

children selected by the Center may appear in instructions on

Federal Tax Payment System (EFTPS). If you don't want to

pages that would otherwise be blank. You can help bring

use EFTPS, you can arrange for your tax professional,

these children home by looking at the photographs and

financial institution, payroll service, or other trusted third party

calling 1-800-THE-LOST (1-800-843-5678) if you recognize

to make electronic deposits on your behalf. Also, you may

a child.

arrange for your financial institution to initiate a same-day

wire payment on your behalf. EFTPS is a free service

General Instructions

provided by the Department of Treasury. Services provided

by your tax professional, financial institution, payroll service,

Purpose of Form CT-1

or other third party may have a fee.

To get more information about EFTPS or to enroll in

These instructions give you some background information

EFTPS, visit the EFTPS website at , or call

about Form CT-1. They tell you who must file Form CT-1,

how to complete it line by line, and when and where to file it.

Jul 14, 2015

Cat. No. 16005H

Instructions For Form Ct-1 (2015)

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