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Form CT-1 (2012)
Page
Part II
Record of Railroad Retirement Tax Liability
Complete the Monthly Summary of Railroad Retirement Tax Liability
On Form 945-A for each payday, enter the sum of your employee
below only if you were a monthly schedule depositor for the entire
and employer Tier I and Tier II taxes on the appropriate line.
year. Enter your Tier I and Tier II tax liability on the lines provided for
Your total tax liability for the year (line V below or line M on Form
each month.
945-A) should equal your total taxes for the year (Form CT-1, line
If you were a semiweekly schedule depositor during any part of
13). Otherwise, you may be charged a failure-to-deposit penalty.
the year or you accumulated $100,000 or more on any day during a
Note. See the instructions for the deposit rules for railroad
deposit period, you must complete Form 945-A, Annual Record of
retirement taxes.
Federal Tax Liability. Do not complete the monthly summary below.
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.
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Date compensation paid:
First month of quarter:
January
April
July
October
Tier I and Tier II taxes
I First month liability
▶
February
May
August
November
Second month of quarter:
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 .
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CT-1
Form
(2012)