Part I. Rulings — Internal Revenue Bulletin 1998-26

Section 197.—Amortization of Goodwill and Certain Other Intangibles

Rev. Proc. 97–35 is modified to make clear that capitalization under section 263 applies to certain package design costs, and that the revenue procedure does not apply to costs of a package design that is an amortizable section 197 intangible. See Rev. Proc. 98–39, page 36.

Section 220.—Medical Savings Accounts

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 263.—Capital Expenditures

Section 263A.—Capitalization and Inclusion in Inventory Costs of Certain Expenses

26 CFR 1.263A–2: Rules relating to property produced by the taxpayer.

Section 408.—Individual Retirement Accounts

26 CFR 1.408–5: Annual reports by trustees or issuers.

Specifications for paper substitutes for Form 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

26 CFR 1.408–7: Reports on distributions from individual retirement plans.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 408A.—Roth IRAs

Specifications for paper substitutes for Form 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6041.—Information at Source

26 CFR 1.6041–1: Return of information as to payments of $600 or more.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

26 CFR 7.6041–1: Return of information as to payments of winnings from bingo, keno, and slot machines (Temporary).

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6041A.—`Returns Regarding Payments of Remuneration for Services and Direct Sales

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6042.—Returns Regarding Payments of Dividends and Corporate Earnings and Profits

26 CFR 1.6042–2: Returns of information as to dividends paid in calendar years after 1962.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

26 CFR 1.6042–4: Statements to recipients of dividend payments.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6043.—Liquidating, Etc., Transactions

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6044.—Returns Regarding Payments of Patronage Dividends

26 CFR 1.6044–2: Returns of information as to payments of patronage dividends with respect to patronage occurring in taxable years beginning after 1962.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

26 CFR 1.6044–5: Statements to recipients of patronage dividends.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6045.—Returns of Brokers

26 CFR 1.6045–1: Returns of information of brokers and barter exchanges.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

26 CFR 5f.6045–1: Returns of information for brokers and barter exchanges (Temporary).

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

26 CFR 1.6045–2: Furnishing statement required with respect to certain substitute payments.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

26 CFR 1.6045–4: Information reporting on real estate transactions with dates of closing on or after January 1, 1991.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6047.—Information Relating to Certain Trusts and Annuity Plans

26 CFR 1.6047–1: Information to be furnished with regard to employee retirement plan covering an owner-employee.

June 29, 1998 4 1998–26 I.R.B.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6049.—Returns Regarding Payments of Interest

26 CFR 1.6049–4: Return of information as to interest paid and original issue discount includible in gross income after December 31, 1982.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

26 CFR 1.6049–6: Statements to recipients of interest payments and holders of obligations for attributed original issue discount.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

29 CFR 1.6049–7: Returns of information with respect to REMIC regular interests and collateralized debt obligations.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050A.—Reporting Requirements of Certain Fishing Boat Operators

26 CFR 1.6050A–1: Reporting requirements of certain fishing boat operators.

Specifications for paper substitutes for Form 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050B.—Returns Relating to Unemployment Compensation

26 CFR 1.6050B–1: Information returns by person making unemployment compensation payments.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050D.—Returns Relating to Energy Grants and Financing

26 CFR 1.6050D–1: Information returns relating to energy grants and financing.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev Proc. 98–37, page 6.

Section 6050E.—State and Local Income Tax Refunds

26 CFR 1.6050E–1: Reporting of State and local income tax refunds.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498 and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050H.—Returns Relating to Mortgage Interest Received in Trade or Business From Individuals

26 CFR 1.6050H–1: Information reporting of mortgage interest received in a trade or business from an individual.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

26 CFR 1.6050H-2: Time, form, and manner of reporting interest received on qualified mortgage.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050J.—Returns Relating to Foreclosures and Abandonments of Security

26 CFR 1.6050J–1T: Questions and answers concerning information returns relating to foreclosures and abandonments of security (Temporary).

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050N.—Returns Regarding Payments of Royalties

26 CFR 1.6050N–1: Statements to recipients of royalties.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050P.—Returns Relating to the Cancellation of Indebtedness by Certain Entities

26 CFR 1.6050P–1: Information reporting for discharges of indebtedness by certain financial entities.

Specifications for paper substitutes for Forms 1096, 1098, 1099, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050Q.—Certain Long-Term Care Benefits

Specifications for paper substitutes for Forms 1096, 1098, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050R.—Returns Relating to Certain Purchases of Fish

Specifications for paper substitutes for Forms 1096, 1098, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

Section 6050S.—Returns Relating to Higher Education Tuition and Related Expenses

Specifications for paper substitutes for Forms 1096, 1098, 5498, and W–2G. See Rev. Proc. 98–37, page 6.

1998–26 I.R.B. 5 June 29, 1998