The BE-10 Report – Another U.S. Required Form To Report Foreign Assets

Author:Dave Wolf & Co
Profession:Dave Wolf & Co
 
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The Benchmark Survey of U.S. Direct Investment Abroad is conducted by the Bureau of Economic Analysis to secure current economic data on the operations of U.S. parent companies and their foreign affiliates.

As part of this Survey, a BE-10 Report is required of any U.S.person that had a foreign affiliate - that is, that had direct or indirect ownership or control of at least 10 percent of the voting stock of an incorporated foreign business enterprise, or an equivalent interest in an unincorporated foreign business enterprise - at anytime during the U.S. person's 2014 fiscal year

If the U.S. person had no foreign affiliates during its 2014 fiscal year, it must file a "BE-10 Claim for Not Filing.

For purposes of the BE-10 Report, a U.S. person subject to the reporting requirements is called a "U.S. Reporter" and the foreign corporation or business enterprise is called a "foreign affiliate."

There are several BE-10 Forms:

Form BE-10A - Report for U.S. Reporter; Form BE-10B - Report for majority-owned foreign affiliates of U.S. parents with assets, sales, or net income greater than $80million (positive or negative); Form BE-10C - Report for majority-owned foreign affiliates of U.S. parents with assets, sales, or net income greater than $25 million (positive or negative) but no one of these items was greater than $80 million (positive or negative); for minority owned foreign affiliates of U.S. parents with assets, sales, or net income greater than $25 million (positive or negative); and for foreign affiliates for which no one of the items: assets, sales, and net income was greater than $25 million (positive or negative) and is a foreign affiliate parent of another foreign...

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