Instructions For Form Ct-1 (2009) - Internal Revenue Service printable pdf download

2 0 09

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

Photographs of Missing Children

otherwise noted.

The Internal Revenue Service is a proud partner with the

What’s New

National Center for Missing and Exploited Children.

Photographs of missing children selected by the Center may

Changes to tax rates and compensation bases. For

appear in instructions on pages that would otherwise be

2009 tax rates and compensation bases, see Employer and

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

Employee Taxes — Tax Rates and Compensation Bases on

the photographs and calling 1-800-THE-LOST

page 2.

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

Reminders

General Instructions

Prior period adjustments. If you discover an error on a

previously filed Form CT-1, use Form CT-1 X, Adjusted

Purpose of Form

Employer’s Annual Railroad Retirement Tax Return or Claim

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

for Refund, to make the correction. Do not use line 12 of

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

Form CT-1 to make prior period corrections. Use Form 843,

QUARTERLY Federal Tax Return, or, if applicable, Form

Claim for Refund or Request for Abatement, when

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

requesting a refund or abatement of assessed interest or

federal income taxes withheld from your employees’ wages.

penalties. For more information, see section 13 of Pub. 15

(Circular E), Employer’s Tax Guide, or visit the IRS website

Who Must File

at and enter the keywords “Correcting

Employment Taxes”.

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

compensation subject to tax under RRTA.

Electronic payment. Now, more than ever before,

businesses can enjoy the benefits of paying their railroad

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

retirement taxes electronically. Whether you rely on a tax

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

professional or handle your own taxes, the IRS offers you

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

convenient programs to make it easier. Spend less time on

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

taxes and more time running your business. Use Electronic

reporting in section 6 of Pub. 15-A, Employer’s

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

Supplemental Tax Guide.

learn more about EFTPS, visit or call EFTPS

Disregarded entities and qualified subchapter S

Customer Service at 1-800-555-4477.

subsidiaries. Treasury Decision 9356, effective for wages

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

paid on or after January 1, 2009, treats eligible

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

single-owner disregarded entities and qualified subchapter S

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

subsidiaries (Q Subs) as separate entities for employment

Pacific time) to order tax deposit coupons (Form 8109) and

tax purposes. Business owners can no longer elect to treat

for answers to your questions about completing Form CT-1,

the related employment taxes as a liability of the owner.

tax deposit rules, or obtaining an employer identification

Instead, report the employment taxes on employment tax

number (EIN).

returns filed by the disregarded entity or Q Sub. For more

information, see Disregarded entities and qualified

Additional information.

•

subchapter S subsidiaries in the Introduction section of Pub.

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

15 (Circular E), Employer’s Tax Guide. You can find T.D.

information for withholding, depositing, reporting, and paying

9356 at /irb/2007-39_IRB/ar11.html.

employment taxes.

•

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

specialized and detailed employment tax information

Where To File

supplementing the basic information provided in

Send Form CT-1 to:

Pub. 15 (Circular E).

•

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

Department of the Treasury

contains information about the employment tax treatment of

Internal Revenue Service Center

various types of noncash compensation.

Cincinnati, OH 45999-0007

•

Pub. 915, Social Security and Equivalent Railroad

Retirement Benefits, contains the federal income tax rules

When To File

for social security benefits and equivalent Tier I railroad

File Form CT-1 by March 1, 2010.

retirement benefits.

•

The Railroad Retirement Board (RRB) website at

Definitions

contains additional employer reporting

information and instructions.

The terms “employer” and “employee” used in these

You can order forms and publications by calling

instructions are defined in section 3231 and in its

1-800-829-3676 or visiting the IRS website at .

regulations.

Cat. No. 16005H

Instructions For Form Ct-1 (2009) - Internal Revenue Service

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