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IRS Issues Guidance on Research Credit (CPA Practice Advisor) - The Internal Revenue Service has issued guidance to Large Business & International (LB&I) Division examiners regarding the examination of the credit for increasing research activities under IRC Section 41 (âResearch Creditâ) claimed by LB&I taxpayers. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES PwC, the Accounting Giant, Will Open a Law Firm in the US (NY Times) - Law firms already elbowing one another for multinational clients will soon have a new competitor: The Big Four accounting firm PwC, formerly known as PricewaterhouseCoopers, plans to open a law firm in Washington, D.C., Splashing Cold Water In The Face Of Corporate Tax Reform (Forbes) - I recently pondered whether the widely anticipated federal tax reform effort would include a corporate integration proposal from the Senate Finance Committee. That post presented the rationale for eliminating â or at least minimizing â the double taxation of corporate profits. 25 Great Pieces of Advice (Accounting Today) - Accounting Today recently asked over a hundred leaders in the tax and accounting profession to share the best piece of advice theyâd ever received in their lives â hereâs a sampling of our favorites. Easy Fixes for Six Common Laptop Problems (PC World) - We live and work in a cold, cruel world where our laptops can take a lot of abuse. Regardless of how gentle we try to be, our notebooks will probably be dropped, spilled upon or worseâsooner, if not later. Taxation Accounting/Audit Business News | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Young CPAs Tell Their Favorite Accounting Jokes   |