Internal Revenue Bulletins  

June 29, 1998

Internal Revenue Bulletin No. 1998-26

Links to Official IRS Bulletin Documents listed below are in the Adobe Acrobat PDF Format, and require the appropriate Acrobat Reader to view and/or print.

INCOME TAX

REG-106031-98(PDF, 40K)
Proposed regulations under section 864 of the Code relate to the treatment of foreign taxpayers trading in derivative financial instruments. A public hearing will be held on September 9, 1998.

EXEMPT ORGANIZATIONS

Announcement 98-56(PDF, 36K)
A list is given of organizations now classified as private foundations.

ADMINISTRATIVE

Announcement 98-55(PDF, 85K)
The Service announces proposed changes to the 1999 Forms W-2, Wage and Tax Statement, and W-3, Transmittal of Wage and Tax Statements.

Rev. Proc. 98-37(PDF, 80K)
Reproduction of forms; Forms 1096, 1098, 1099, 5498, and W-2G. Requirements are set forth for reproducing paper substitutes for Forms 1096, 1098, 1099, 5498, and W-2G, and for furnishing substitute statements to form recipients. Rev. Proc. 97-32 superseded.

Rev. Proc. 98-39(PDF, 32K)
This procedure modifies Rev. Proc. 97-35, 1997-33 I.R.B. 11, to clarify that capitalization under section 263 of the Code applies to certain package design costs, and that Rev. Proc. 97-35 does not apply to costs of a package design that is "an amortizable section 197 intangible." Rev. Proc. 97-35 modified.

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