November 2014 - Devereaux, Kuhner & Co. LLP

New CA Tax Credit for Certain College Donations

Governor Brown signed a new bill into law on September 16, 2014 that authorizes a College Access Tax Credit for approved contributions to the College Access Tax Fund (“the Fund”) in 2014 through [...]

New challenges for 2014 year-end tax planning

Before the fast-approaching new year, it’s important to take some time and reflect on year-end tax planning. The weeks pass quickly and the arrival of January 1, 2015 will close the doors to some [...]

IRS provides procedures for taxpayers to change accounting methods to take advantage of new “repair” regulations on dispositions of tangible property

The IRS has issued updated guidance (Rev. Proc. 2014-54) that grants automatic consent to taxpayers to change their methods of accounting to comply with final “repair” regulations on dispositions [...]