Form Ct-2 - Employee Representative'S Quarterly Railroad Tax Return Page 3
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Form CT-2 (Rev. 1-2014)
Page
Compensation is considered paid when actually paid or when
employee of the filing entity. Paid preparers must sign paper
constructively paid. Constructively paid means that the pay (a)
returns with a manual signature. The preparer must give you the
has been credited to the employee representative’s account or
original return and duplicate copy to be filed with the IRS and
set apart with no substantial limit or condition on how or when
another copy of the return for your records.
the payment will be made and (b) is available to draw on at any
If you are a paid preparer, enter your Preparer Tax
time and to control.
Identification Number (PTIN) in the space provided. Include your
complete address. If you work for a firm, write the firm’s name
Specific Instructions
and the EIN of the firm. If you are a paid preparer, you can apply
for a PTIN at , or by filing Form W-12, IRS Paid
If you perform services as both an employee representative and
Preparer Tax Identification Number (PTIN) Application and
an employee and your total pay for these services is more than
Renewal. You cannot use your PTIN in place of the EIN of the
the applicable maximum (see Line 1 and Line 4, later), then for
tax preparation firm.
lines 1 and 4 subtract your pay as an employee from the
maximum to determine the amount subject to the employee
Generally, you are not required to complete this section if you
representative’s tax.
are filing the return as a reporting agent and have a valid Form
8655, Reporting Agent Authorization, on file with the IRS.
Line 1. Multiply the compensation subject to Tier 1 tax by
However, a reporting agent must complete this section if the
12.4% (.124). This tax applies only to the first $117,000 paid to
reporting agent offered legal advice, for example, by advising
you during 2014 for services performed as an employee
the client on determining whether its workers are employees or
representative.
independent contractors for federal tax purposes.
Line 2. Multiply the compensation subject to Tier 1 Medicare
Privacy Act and Paperwork Reduction Act Notice. We ask for
tax by 2.9% (.029). This tax applies to all compensation paid to
the information on Form CT-2 to carry out the Internal Revenue
you during 2014 for services performed as an employee
laws of the United States. We need it to figure and collect the
representative.
right amount of tax. Section 3211 and section 6011 and its
Line 3. Multiply the compensation subject to Tier 1 Additional
regulations require employee representatives to report and pay
Medicare Tax by 0.9% (.009). This tax applies only to
over to the IRS railroad retirement taxes (Tier 1, Tier 2, Tier 1
compensation that exceeds $200,000.
Medicare tax, and Additional Medicare Tax). Form CT-2 is used
Line 4. Multiply the compensation subject to Tier 2 tax by
to determine the amount of such taxes that you owe. Section
12.6% (.126). This tax applies only to the first $87,000 paid to
6109 requires you to provide your identification numbers.
you during 2014 for services performed as an employee
Routine uses include giving this information to the Railroad
representative.
Retirement Board for use in administering the Railroad
Line 5. Enter a credit for an overpayment of tax, penalty, or
Retirement Act, to the Department of Justice for civil and
interest erroneously paid for an earlier quarter. Attach two
criminal litigation, and to cities, states, the District of Columbia,
copies of a detailed statement explaining the credit claimed.
and U.S. commonwealths and possessions for use in
However, do not include a credit for an overpayment of
administering their tax laws. We may also disclose this
Additional Medicare Tax for an earlier year. Any Additional
information to other countries under a tax treaty, to federal and
Medicare Tax paid will be credited against the total tax liability
state agencies to enforce federal nontax criminal laws, or to
shown on your Form 1040. If you have filed Form 1040 for the
federal law enforcement agencies and intelligence agencies to
earlier year, you should make a claim for refund for Additional
combat terrorism. If you fail to provide this information in a
Medicare Tax paid using Form 1040X, Amended U.S. Individual
timely manner, or provide false or fraudulent information, you
Income Tax Return.
may be subject to penalties.
Line 6. You may pay the amount shown on line 6 using the
You are not required to provide the information requested on
Electronic Federal Tax Payment System (EFTPS) or by check or
a form that is subject to the Paperwork Reduction Act unless
money order. To get more information about EFTPS or to enroll
the form displays a valid OMB control number. Books or
in EFTPS, visit , or call 1-800-555-4477 or
records relating to a form or its instructions must be retained as
1-800-733-4829 (TDD). Additional information about EFTPS is
long as their contents may become material in the
also available in Pub. 966, Electronic Federal Tax Payment
administration of any Internal Revenue law. Generally, tax
System: A Guide To Getting Started.
returns and return information are confidential, as required by
section 6103.
If you pay by check or money order, make it payable to
“United States Treasury.” Enter on your check or money order
The time needed to complete and file Form CT-2 will vary
your social security number, “Form CT-2,” and the quarter (for
depending on individual circumstances. The estimated average
example, 201401 for the first quarter of 2014).
time is: Recordkeeping, 13 min.; Learning about the law or
the form, 13 min.; Preparing the form, 24 min.; Copying,
Signature. You or your authorized agent must sign the
assembling, and sending the form to the IRS, 16 min.
ORIGINAL copy of Form CT-2.
If you have comments concerning the accuracy of these time
Name, address, etc. Type or print your name, address, social
estimates or suggestions for making Form CT-2 simpler, we
security number, and the name of the labor organization for
would be happy to hear from you. You can send us comments
which you perform services.
from Click on More Information and
Return for calendar quarter. Enter the months of the quarter
then click on Give us feedback. You may also mail your
and the year of the return. For example, show the first quarter of
comments to Internal Revenue Service, Tax Forms and
2014 as “Jan., Feb., Mar. 2014.”
Publications Division, 1111 Constitution Ave. NW, IR-6526,
Washington, DC 20224. Do not send Form CT-2 to this
Paid preparer. A paid preparer must sign Form CT-2 and
address. Instead, see Where To File, earlier.
provide the information in the Paid Preparer Use Only section if
the preparer was paid to prepare Form CT-2 and is not an
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