Pub. 2 2014 Issue 4

MONDAY - FRIDAY NOTIVISA 6 PM Contents 4 Chairman’s Letter J.P. PAYNTER 6 Letter From the President DEAN MANSFIELD 10 An Exciting Day Lobbying for California’s New Car Dealers CLIFF COSTA 12 An Interview with Incoming NCDA Chairman David Wolfson of Lexus San Diego 14 Updates from the War on Arbitration JONATHAN MORRISON, PRESIDENT OF AUTO ADVISORY SERVICES THORNTON 18 Dealer Alert SAM CELLY, MS, JD, CSP 22 San Diego Auto Outlook 26 Expense or Capitalize? New IRS Rules and How They Apply to Your Dealership SID TOBIASON, PARTNER, AND AMY STILLWELL, MANAGER, MOSS ADAMS LLP 28 Legislator Profile: Assemblyman Brian Jones 29 2014 National Automotive Technology Competition Ramona High School Seniors Take 2nd Place as Team Toyota