It's Not Too Late to File Your BE-10

Every five years, the Benchmark Survey of U.S. Direct Investment in Foreign Business Enterprises is conducted by the Bureau of Economic Analysis (BEA), an agency in the United States Department of Commerce.

In order to complete the survey, the BEA relies on BE-10 reports filed by U.S. reporters.

A U.S. reporter is defined as any U.S. person that owned, directly or indirectly, 10% or more of the voting stock of a foreign corporation, or an equivalent interest in an unincorporated foreign business enterprise (a partnership), at any time during the 2014 fiscal year.

The deadline for U.S. reporters with fewer than 50 forms to file is May 29, 2015. However, if the U.S. reporter must file 50 or more forms for its foreign affiliates, the deadline is June 30. The BEA has provided relief to any first-time U.S. reporter by extending the May due date to June 30, 2015.

Any U.S. reporter that fails to file a BE-10 report could incur a civil penalty between $2,500 and $25,000, and criminal sanctions may be incurred for willfully failing to file the BE-10 report.

U.S. reporters can find the necessary forms to file with the BEA using their website.

Contact us if you are unsure if you are required to file and visit our International blog to read other Schneider Downs articles.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2020 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on

Accounting Relief for Rent Concessions received by International Organizations due to COVID-19
The Impact of COVID-19 on Transfer Pricing Strategies of Multinational Corporations
J5 Tax Chiefs Closing the Net on Global Tax Evasion
COVID-19 Considerations for IFRS Entities
Individuals Receive Information Reporting Relief for Transactions with Certain Foreign Trusts
IRS to Focus on Companies That Owe Taxes on Offshore Profits

Register to receive our weekly newsletter with our most recent columns and insights.

Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us

contact us

Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102