Instructions for Form CT-1 |
2006 Tax Year |
Instructions for Form CT-1 - Introductory Material
This is archived information that pertains only to the 2006 Tax Year. If you are looking for information for the current tax year, go to the Tax Prep Help Area.
Changes to tax rates and compensation bases.
For 2006 tax rates and compensation bases, see Employer and Employee Taxes—Tax Rates and Compensation Bases on page 2.
Additional information.
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Pub. 15 (Circular E), Employer's Tax Guide, contains information for withholding, depositing, reporting, and paying employment
taxes.
-
Pub. 15-A, Employer's Supplemental Tax Guide, contains specialized and detailed employment tax information supplementing the
basic
information provided in
Pub. 15 (Circular E).
-
Pub. 15-B, Employer's Tax Guide to Fringe Benefits, contains information about the employment tax treatment of various types
of noncash
compensation.
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Pub. 915, Social Security and Equivalent Railroad Retirement Benefits, contains the federal income tax rules for social security
benefits
and equivalent Tier I railroad retirement benefits.
-
The Railroad Retirement Board (RRB) website at
www.rrb.gov/default.asp contains additional employer reporting information and instructions.
Alternative signature method.
Corporate officers or duly authorized agents may sign Form CT-1, Employer's Annual Railroad Retirement Tax Return,
by rubber stamp, mechanical
device, or computer software program. For details and required documentation, see Rev. Proc. 2005-39. You can find Rev. Proc.
2005-39 on page 82 of
Internal Revenue Bulletin 2005-28 at
http://www.unclefed.com/Tax-Bulls/2005/irb05-28.html
Electronic payment.
Now, more than ever before, businesses can enjoy the benefits of paying their federal taxes and railroad retirement
payments electronically.
Whether you rely on a tax professional or handle your own taxes, the IRS and the RRB offer you convenient programs to make
it easier.
Spend less time on taxes and more time running your business. Use Electronic Federal Tax Payment System (EFTPS) or
RRBLINK to your benefit.
-
For EFTPS, visit
www.eftps.gov or call EFTPS Customer Service at 1-800-555-4477.
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For RRBLINK, call 1-888-273-2265.
Photographs of Missing Children
The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of
missing children
selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children
home by looking at the
photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
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