If you or your business owns at least 10 percent of a foreign
business enterprise (including certain foreign real estate), you
may be required to file Form BE-10 with the U.S. Bureau of Economic
Analysis (BEA) by May 29, 2020.
You may need to file Form BE-10 by May 29
If you or your business owns at least 10 percent of a foreign
business enterprise (including certain foreign real estate), you
may be required to file Form BE-10 with the U.S. Bureau of Economic
Analysis (BEA) by May 29, 2020. Penalties for failure to file range
from $2,500 to $25,000.
The BE-10 is part of a survey the BEA conducts every five years
to measure "the scale and effects of U.S.-owned business
activities abroad." It must be filed by any "U.S.
person" — including an individual, entity or trust
— 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
