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read more has issued seven working drafts regarding upcoming changes to revenue recognition standards.The drafts, related to the implementation of Accounting Standards Update (ASU) No.The announcement follows a recent meeting of the IRS Security Summit, which has developed industry requirements for authentication for online and desktop professional tax products. The IRS notes that under a 2015 law, any ITIN not used at least once in the last three years will not be valid on tax return after this year ends.The IRS also says it is providing a wider effort to educate those needing this form of identification.
It is also a market facing rapid automation through related technologies such as artificial intelligence, bots and machine learning.
Both companies serve small-to-large-sized churches with cloud-based software.