Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: Internal Revenue Service Restructuring and Reform Act of 1998 | Statement: [Treasury Inspector General for Tax Administration, legalBasis, Internal Revenue Service Restructuring and Reform Act of 1998]

Target entity: Internal Revenue Service Restructuring and Reform Act of 1998
Context triple: [Treasury Inspector General for Tax Administration, legalBasis, Internal Revenue Service Restructuring and Reform Act of 1998]

• A. Tax Reform Act of 1986
  The Tax Reform Act of 1986 was a landmark U.S. federal law that overhauled the tax code by lowering rates, broadening the tax base, and eliminating many deductions and shelters.
• B. Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985
  The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 was a landmark U.S. federal law that sought to reduce the federal budget deficit through automatic spending cuts if specified deficit targets were not met.
• C. Revenue Act of 1934
  The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
• D. Public Law 99-499
  Public Law 99-499 is a U.S. federal statute enacted in 1986 that, among other provisions, established the Emergency Planning and Community Right-to-Know Act to improve community safety through hazardous chemical reporting and emergency planning requirements.
• E. Personal Responsibility and Work Opportunity Reconciliation Act of 1996
  The Personal Responsibility and Work Opportunity Reconciliation Act of 1996 is a landmark U.S. welfare reform law that overhauled federal assistance programs by imposing work requirements, time limits on benefits, and greater state control over welfare policy.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: Internal Revenue Service Restructuring and Reform Act of 1998
Triple: [Treasury Inspector General for Tax Administration, legalBasis, Internal Revenue Service Restructuring and Reform Act of 1998]

The Internal Revenue Service Restructuring and Reform Act of 1998 is a major U.S. federal law that overhauled the IRS’s organization, strengthened taxpayer rights, and increased oversight and accountability of tax administration.

Target entity: Internal Revenue Service Restructuring and Reform Act of 1998
Target entity description: The Internal Revenue Service Restructuring and Reform Act of 1998 is a major U.S. federal law that overhauled the IRS’s organization, strengthened taxpayer rights, and increased oversight and accountability of tax administration.

• A. Tax Reform Act of 1986
  The Tax Reform Act of 1986 was a landmark U.S. federal law that overhauled the tax code by lowering rates, broadening the tax base, and eliminating many deductions and shelters.
• B. Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985
  The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 was a landmark U.S. federal law that sought to reduce the federal budget deficit through automatic spending cuts if specified deficit targets were not met.
• C. Revenue Act of 1934
  The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
• D. Public Law 99-499
  Public Law 99-499 is a U.S. federal statute enacted in 1986 that, among other provisions, established the Emergency Planning and Community Right-to-Know Act to improve community safety through hazardous chemical reporting and emergency planning requirements.
• E. Personal Responsibility and Work Opportunity Reconciliation Act of 1996
  The Personal Responsibility and Work Opportunity Reconciliation Act of 1996 is a landmark U.S. welfare reform law that overhauled federal assistance programs by imposing work requirements, time limits on benefits, and greater state control over welfare policy.
• F. None of above. chosen