Insight

Tax Deadlines for 2019 Tax Year (Filing in 2020)

KCS Wealth Advisory (Byline: Laura Gilman and Katrina Soelter)

June 10, 2020

Coronavirus has shifted a lot in our lives this year, so it has been easy to lose track of things like the upcoming tax deadlines. Yes, that’s right! With most tax filing extensions pushed to July 15 because of the Covid-19 upheaval, you are not alone if you forgot that you still must complete your taxes.

To help ease your path in filing, we’ve put together a handy chart of the tax deadline changes you might be concerned about. A few important highlights:

For Individual Tax Returns: the first deadline is July 15, 2020 – yes, that is in 1 month!!
- You can still request an extension by July 15, giving you until October 15 to actually file your taxes
You still have time to make retirement contributions for 2019!
- IRA and Roth IRA contributions for last tax year (2019) are allowed until the July 15 deadline
Payroll taxes, usually paid quarterly, can be deferred for 2020:
- 50% must be paid by 12/31/2021 and the remaining 50% must be paid by 12/31/2022

As always, reach out to us or your CPA with questions. Here’s the full chart:

*Links for additional state tax deadlines if you are not in CA:

https://www.taxadmin.org/state-tax-agencies

https://www.hrblock.com/tax-center/filing/states/coronavirus-filing-updates/

** Please check with your CPA to ensure your eligibility for these contributions.

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This policy is designed to protect the privacy and security of the personal information we obtain from clients. To service your account adequately, we must collect and maintain certain confidential information about you. In accordance with the laws, regulations and rules we are governed by, we are providing this Privacy Policy Notice to all new and existing customers.

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What does KCS Wealth Advisory, LLC do with your personal information?

Why?
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What?
The types of personal information we collect and share depends on the product or service you have with us. This information can include:

– Social Security number and income

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When you are no longer our customer, we continue to share your information as described in this notice.

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Reasons we can share your personal information

For our everyday business purposes – as permitted by law

Does KCS Wealth Advisory, LLC share? YES

Can you limit this sharing? NO

For our marketing purposes – to offer our products and services to you

Does KCS Wealth Advisory, LLC share? YES

Can you limit this sharing? NO

For joint marketing with other financial companies

Does KCS Wealth Advisory, LLC share? NO

Can you limit this sharing? We Don’t Share

For our affiliates’ everyday business purposes – information about your transactions and experiences

Does KCS Wealth Advisory, LLC share? NO

Can you limit this sharing? We Don’t Share

For our affiliates’ everyday business purposes – information about your creditworthiness

Does KCS Wealth Advisory, LLC share? NO

Can you limit this sharing? We Don’t Share

For nonaffiliates to market to you

Does KCS Wealth Advisory, LLC share? NO

Can you limit this sharing? We Don’t Share

What we do
How does KCS Wealth Advisory, LLC protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

How does KCS Wealth Advisory, LLC collect my personal information?

We collect your personal information, for example, when you:

– seek advice about your investments

– enter into an investment advisory contract

– tell us about your investment or retirement portfolio

– tell us about your investment or retirement earnings

– give us your contact information.

Why can’t I limit all sharing?

Federal law gives you the right to limit only:

– sharing for affiliates’ everyday business purposes – information about your creditworthiness

– affiliates from using your information to market to you

– sharing for nonaffiliates to market to youState laws and individual companies may give you additional rights to limit sharing.

Definitions
Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

– KCS Wealth Advisory, LLC has no affiliates.

Nonaffiliates

Companies not related by common ownership or control. They can be financial and non-financial companies.

– KCS Wealth Advisory, LLC does not share with nonaffiliates so they can market to you.

Joint Marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

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Changes to Our Privacy Policy
Our Privacy Policy may change from time to time. We will provide you notice of material changes, and this notice is posted on our website, www.kcswealth.com.

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If you prefer that KCS not disclose the nonpublic personal information about you to non-affiliated third parties, you may opt of such disclosures—that is, you may direct us to not make those disclosures, other than those required by law. If you wish to so opt out, you may contact our us at 31-734-4740, or send a written request to the firm address below.

For Questions, Please Contact Us
KCS Wealth Advisory, LLC
11150 W. Olympic Blvd., Suite 790
Los Angeles, CA 90064 310-734-4740
info@kcswealth.com

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Insight

Tax Deadlines for 2019 Tax Year (Filing in 2020)

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