Part III. Administrative, Procedural, and Miscellaneous

NOTE:

Following is a list of related instructions and forms for filing Information Returns Magnetically/Electronically:

• 1998 Instructions for Forms 1099, 1098, 5498, and W–2G

• Form 4419—Application for Filing Information Returns Magnetically/Electronically

• Form 4804—Transmittal of Information Returns Reported Magnetically/Electronically

• Form 4802—Transmittal of Information Returns Reported Magnetically/Electronically (Continuation)

• Form 8508—Request for Waiver From Filing Information Returns on Magnetic Media (Forms W–2, W–2G, 1042–S, 1099, 1098, 5498, and 8027)

• Form 8809, 8027,—Request for Extension of Time To File Information Returns (For Forms W–2, W–2G, 1042–S 1098, 1099, and 5498)

• Notice 210—Preparation Instructions for Media Label

The Internal Revenue Service, Martinsburg Computing Center encourages filers to make copies of blank forms for future use.

Rev. Proc. 98–35

Use this revenue procedure to prepare Tax Year 1998 information returns for submission to Internal Revenue Service (IRS) using any of the following:

• Magnetic Tape

  • Tape Cartridge

• 8mm, 4mm, and Quarter Inch Cartridges

  • 5 ¹ ⁄4-inch Diskette

  • 3 ¹ ⁄2-inch Diskette

  • Electronic Filing

• (Bisynchronous)

• (Asynchronous)

Caution to filers:

Format changes to accommodate Year 2000 are included in this publication for TY 1998, calendar year 1999, as well as a significant change in record size from 420 positions to 750 positions.

To be in compliance with Year 2000 changes, the current bisynchronous electronic filing communi- cations package will be changed next year.

Please read this publication carefully. Persons or businesses required to file information returns magnetically or electronically may be subject to penalties for failure to file or include correct informa- tion if they do not follow the instructions in this revenue procedure.

May 26, 1998 6 1998–21 I.R.B.

Table of Contents

Part A. General