If your business uses Wave’s payroll or online payments feature, Wave will create the appropriate tax documents for year-end.
Payroll tax forms
To access these forms, you need an active payroll subscription in December of the tax year and January of the following year. Your payroll profile must be fully complete with at least one payroll successfully paid out before December 31.
If your business pays independent contractors, all of their bills must be paid before December 31 of the current tax year to be included on their 1099-NEC. Bills marked as paid after December 31 will not be retroactively added to year-end tax forms.
If all requirements are met, Wave will create:
- A W-2 for each eligible employee
- A 1099-NEC for each eligible independent contractor
- Applicable state and federal forms. Find the complete list in Payroll tax payments and filings with Wave.
Payment tax forms
Businesses using Wave’s online payments feature that meet the state or federal eligibility reporting thresholds will receive a Form 1099-K from Wave. Learn more in Form 1099-K: Federal & state thresholds.
Find information on filing your income tax return through Wave in Tax filing with Block Advisors.