US Persons with Foreign Interests Must File by June 30th or Pay Heavy Fines
By: Morris Law Group - June 17, 2015
If you are unsure this applies to you, click here for additional information from the BE-10 Instruction Booklet.
There is a largely unknown non-tax filing requirement called the Benchmark Survey of U.S. Direct Investment Abroad or Form BE-10, which must be filed before June 30th 2015 with the Bureau of Economic Analysis (BEA). The BEA conducts numerous mandatory surveys to collect data and other information on direct investments abroad. These survey obligations are pursuant to the International Investment and Trade in Services Survey Act (the Act). The BE-10 survey is conducted every 5 years. In prior years the filing was only due in the event the BEA contacted the U.S. person. Now it is a filing obligation on everyone.