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The Arc of the Arts Studio & Gallery 6717 Burned Rd. Ste. An Austin, TX 787572843 512.524.2371 www.arcofthecapitolarea.org www.arcofthearts.com Rental Application Group /Organization: Contact Person:
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Form ARC is a form used for reporting information regarding potentially abusive tax avoidance transactions.
Any taxpayer who has participated in a potentially abusive tax avoidance transaction must file form ARC.
Form ARC can be filled out by providing details of the transaction, including the parties involved and the tax consequences.
The purpose of form ARC is to disclose information about potentially abusive tax avoidance transactions to the IRS.
Information such as the description of the transaction, the parties involved, and the tax consequences must be reported on form ARC.
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