Payroll year end: Important dates

Below you’ll find a list of important dates to help simplify your payroll year end. We’ve included IRS filing deadlines along with when forms will be available to view and generate in Wave Payroll. Remember that you may have other important dates, including state and local payments and filings, which are not included on this list.

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Important dates for self serve employers

January 1, 2021

  • Form W-2: Available to generate for self-serve customers

January 7, 2021

  • Deadline to request Q4 2020 payroll adjustments
  • Form 1099-NEC: Available to generate and submit for Wave to file on your behalf

January 25, 2021:

  • Form 1099-NEC: Last day to submit 1099-NEC forms to Wave and ensure on-time federal and state agency (where applicable) filing
    • Forms submitted to Wave for filing after this date will be still be filed, but may miss the filing deadline. Employers are responsible for any state and/or federal penalties 

February 1, 2021

  • 1099-NEC: Deadline to file Form 1099-NECs directly with the IRS (if filing outside of Wave)
  • Form W-2: Deadline to file W-2s with the Social Security Administration
  • Form 940: Deadline to file Form 940 with the IRS
  • Form 941 or 944: Deadline to file Form 941 or 944 (as applicable) with the IRS 

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Important dates for employers using payroll tax service

Employers enrolled in payroll tax service can refer to Tax Service with Wave for a complete list of payments and filings Wave submits on your behalf. 

January 7, 2021

  • Deadline to request Q4 2020 payroll adjustments
    • Adjustments requested by tax service customers after this day will be completed as amendments or corrections after the filing deadline
  • Form 1099-NEC: Available to generate and submit for Wave to file on your behalf

January 18, 2021

  • Form W-2: Available to download for tax service customers
    • Employees who have accepted an invitation to view their paystubs online with Wave will also have access to their W-2 online

January 25, 2021:

  • Form 1099-NEC: Last day to submit 1099-NEC forms to Wave and ensure on-time federal and state agency (where applicable) filing
    • Forms submitted to Wave for filing after this date will be still be filed, but may miss the filing deadline. Employers are responsible for any state and/or federal penalties 

January 26, 2021

  • Form Form 940, and Form 941 or 944 (as applicable): Federal forms are available for tax service customers to sign electronically

February 1, 2021

  • State filings: Employer copies are now available for tax service customers to download (no signature needed)
  • 1099-NEC: Deadline to file Form 1099-NECs directly with the IRS (if filing outside of Wave)

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