W2 and 1099 Tax Forms will be available to review beginning Friday, January 1, 2021. W2s must be approved by 12 pm CST on Tuesday, January 12, 2021.
If your W2s or 1099s are not available for review by January 5, then they are still in Internal Review, which is R365's process of reconciling your 941 tax returns on the W-3 and also identify any other data-related errors.
Starting with the 2020 tax year, the IRS is requiring Non-Employee Compensation to be reported on the 1099-NEC Tax Form. Therefore, R365 Payroll will print all tax forms as 1099-NEC Tax Forms.
- Note: Contact R365 Support about any forms that need to be reported as 1099-MISC so that they are not reported in error.
Deadlines for Tax Forms
All Tax forms should be available for review on Friday, January 1, 2021. The following are key deadlines for Tax Documents from R365 Payroll.
Tax Adjustments | Submission Dates |
| Final adjustments made by your Organization | Notify R365 Support of any adjustments needed before your last Payroll of 2020 |
| Final adjustments made by R365 | January 4, 2021 (by 12 PM CST) |
| All W-2 Forms need to be approved | January 12, 2021 (by 12 PM CST) |
| All 1099 Forms need to be approved | January 12, 2021 (by 12 PM CST) |
| ACA workflow must be completed by 5 PM for R365 to print/ship (2-day delivery) filing to IRS | February 15, 2021 (by 5 PM CST) |
| ACA/IRS paper filing deadline (after February 15 deadline, your Organization is responsible for printing and shipping documents) | February 28, 2021 (by 12 PM CST) |
| ACA/IRS 1095-Cs need to be provided to EE's | March 2, 2021 |
| ACA/IRS e-File deadline (required for Employers with more than 250 1095-Cs for filing) | March 31, 2021 |