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ARC 2.0 (Automatic Carrier Rate Confirmation ARC is an automated carrier rate confirmation that includes signature and enables carriers to self dispatch & update delivery information and statute ARC
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What is arc 2?
Arc 2 is a form used to report specific types of payments made to foreign persons.
Who is required to file arc 2?
Any person, including a corporation, partnership, individual, estate, or trust, who makes reportable transactions during the calendar year is required to file arc 2.
How to fill out arc 2?
Arc 2 can be filled out electronically using the IRS's FIRE system or by paper form sent to the IRS.
What is the purpose of arc 2?
The purpose of arc 2 is to report payments made to foreign persons, including non-resident aliens and foreign entities.
What information must be reported on arc 2?
Information such as the recipient's name, address, TIN, amount of payment, type of income, and country of residence must be reported on arc 2.
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