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Complete a new Form W-4, Employee's Withholding Allowance Certificate, and submit it to your employer. Complete a new Form W-4P, Withholding Certificate for Pension or Annuity Payments, and submit it to your payer. Make an additional or estimated tax payment to the IRS before the end of the year.
The Rhode Island Form RIW-4, Employee's Withholding Allowance Certificate, must be completed so that you know how much state income tax to withhold from your new employee's wages.
Rhode Island ? like the federal government and many states ? has a pay-as-you-earn income tax system. Under that system, employers are required to withhold a portion of their employees' wages and to periodically turn over those withheld funds to the RI Division of Taxation.
By placing a ?0? on line 5, you are indicating that you want the most amount of tax taken out of your pay each pay period. If you wish to claim 1 for yourself instead, then less tax is taken out of your pay each pay period. 2. You can choose to have no taxes taken out of your tax and claim Exemption (see Example 2).
Is what you're selling even taxable? Services in Rhode Island are generally not taxable, though some are. Also, the furnishing of telecommunications service and cable television services is taxable in Rhode Island. And be mindful if the service you provide includes creating or manufacturing a product.