Form CT-2 (Rev. March 2022) - IRS tax forms

1 form CT-2. (Rev. March 2022). Employee Representative's Quarterly Railroad Tax Return OMB No. 1545-0002. Go to for the latest information. Department of the Treasury Complete both copies of form CT-2. Internal Revenue Service 1 Taxable compensation paid during this quarter subject to Tier 1 tax . $ ( ) 1. 2 Taxable compensation paid during this quarter subject to Tier 1. Medicare tax .. $ ( ) 2. 3 Taxable compensation paid during this quarter subject to Tier 1. Additional Medicare Tax .. $ ( ) 3. 4 Taxable compensation paid during this quarter subject to Tier 2 tax . $ ( ) 4. 5 Credit (attach explanation in duplicate) .. 5. 6 Total taxes for quarter (add lines 1 through 4; subtract line 5).

2 See instructions for payment details .. 6. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Signature Date . Pay by T. EFTPS or FF. Enclose FP. Your Check or I. Money Employee representative's name, address, and social security number, and name Return for Calendar Quarter T. Order of organization represented. (Months and year) ORIGINAL. Print/Type preparer's name Preparer's signature Date PTIN. Paid Check if self-employed Preparer Firm's name Firm's EIN.

3 Use Only Firm's address Phone no. For Privacy Act and Paperwork Reduction Act Notice, see page 3. Cat. No. 16030S form CT-2 (Rev. 3-2022). Don't cut or separate the forms on this page. form CT-2. (Rev. March 2022). Employee Representative's Quarterly Railroad Tax Return OMB No. 1545-0002. Department of the Treasury Internal Revenue Service 1 Taxable compensation paid during this quarter subject to Tier 1 tax . $ ( ) 1. 2 Taxable compensation paid during this quarter subject to Tier 1. Medicare tax .. $ ( ) 2. 3 Taxable compensation paid during this quarter subject to Tier 1. Additional Medicare Tax .. $ ( ) 3. 4 Taxable compensation paid during this quarter subject to Tier 2 tax.

4 $ ( ) 4. 5 Credit (attach explanation in duplicate) .. 5. 6 Total taxes for quarter (add lines 1 through 4; subtract line 5). See instructions for payment details .. 6. File this DUPLICATE copy with the ORIGINAL return. Employee representative's name, address, and social security number, and name of organization Return for Calendar Quarter DUPLICATE. represented exactly as shown on ORIGINAL above. (Months and year). For Privacy Act and Paperwork Reduction Act Notice, see page 3. Cat. No. 16030S form CT-2 (Rev. 3-2022). form CT-2 (Rev. 3-2022) Page 2. Section references are to the Internal Revenue Code unless Quarter covered: Due by: otherwise noted. January, February, March May 31, 2022.

5 Future Developments April, May, June August 31, 2022. For the latest information about developments related to form July, August, September November 30, 2022. CT-2 and its instructions, such as legislation enacted after they October, November, December February 28, 2023. were published, go to If any due date shown above falls on a Saturday, Sunday, or What's New legal holiday, you may file your return and pay the tax on the next business day. The term legal holiday means any legal Tax rates and compensation bases for 2022. The Tier 1 tax holiday in the District of Columbia. If we receive form CT-2 after rate is The Tier 1 compensation base is $147,000. The the due date, we will treat form CT-2 as filed on time if the Tier 1 Medicare tax rate is There is no compensation envelope containing form CT-2 is properly addressed, contains base limit for Tier 1 Medicare tax.

6 The Tier 2 tax rate on sufficient postage, and is postmarked by the Postal Service employee representatives is The Tier 2 compensation on or before the due date, or sent by an IRS-designated private base is $109,200. delivery service (PDS) on or before the due date. If you don't follow these guidelines, we will consider form CT-2 filed when it Reminders is actually received. See Pub. 15 for more information on legal Tier 1 Additional Medicare Tax. In addition to the Tier 1 holidays. Go to for the current list of PDSs. Medicare tax of , employee representatives are subject to For the IRS mailing address to use if you're using a PDS, go to Additional Medicare Tax on compensation in excess of $200,000, beginning in the pay period in which your compensation for the calendar year exceeds $200,000.

7 If you Where To File pay any Additional Medicare Tax during the year, you must form CT-2 contains two copies. Be sure to make an additional complete and file form 8959, Additional Medicare Tax, with copy of form CT-2 for your records. Send both the ORIGINAL. your federal income tax return. See the Instructions for form and DUPLICATE to the Department of the Treasury, Internal 8959. For more information on Additional Medicare Tax, go to Revenue Service Center, Kansas City, MO 64999-0049. Penalties and Interest General Instructions The law provides a penalty for late filing or late payment unless you can show reasonable cause for the delay. If you're late in Purpose of form filing a return or paying the taxes, send an explanation with the Use this form to report railroad retirement taxes imposed on return.

8 Interest is charged on taxes paid late at the rate set by compensation received by employee representatives. law. Railroad retirement taxes. The Railroad Retirement Tax Act Records imposes taxes on an employee representative, which are based You must keep records relating to employee representative on compensation. taxes for at least 4 years after the taxes are due or were paid, These taxes are comprised of Tier 1 and Tier 2 taxes. The whichever is later. amount of compensation subject to each tax is different. The Tier 1 tax rate is It applies only to the first Definitions $147,000 paid to you during 2022 for services performed as an Employee representative.

9 An employee representative is: employee representative. The Tier 1 Medicare tax rate is 1. Any officer or official representative of a railway labor It applies to all compensation paid to you during 2022 for organization that isn't an employer under section 3231(a) who services performed as an employee representative. The Tier 1. (a) was in the service of an employer, and (b) is authorized and Additional Medicare Tax is It applies to compensation designated to represent employees under the Railway Labor paid to you during 2022 that exceeds $200,000 for services Act, or performed as an employee representative. 2. Any individual who is regularly assigned to or regularly The Tier 2 tax rate on employee representatives is It employed by an employee representative as defined above in applies only to the first $109,200 paid to you during 2022 for connection with the duties of the employee representative's services performed as an employee representative.

10 Office. Who Must File Compensation. Compensation means payment in money, meaning currency issued by a recognized authority as a You must file form CT-2 for the first quarter in which you're medium of exchange, for services performed as an employee paid taxable compensation for services you performed as an representative. It doesn't include payments made specifically for employee representative. Continue filing returns for each traveling or other bona fide and necessary expenses that meet quarter, even if you're not paid taxable compensation. When the rules in the regulations under section 62. For purposes of your taxable compensation payments stop completely, you Tier 1 taxes, compensation doesn't include sickness or accident must file a final return.