Instructions for Form CT-1 (2006)

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.

Table of Contents

What's New

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.

Reminders

Additional information.

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.
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.
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.