FORM BE 10 DUE BY JUNE 30TH OR THERE MAY BE PENALTIES - THIS FORM MUST BE FILED IN MOST SITUATIONS WHEN YOU OWN A FOREIGN CORPORATION

Form BE 10 and its many  sub variations is not a tax form, but is now required by by another Branch of the Government and not the IRS.

As a courtesy, we are making you aware of the potential requirement. It is a survey that is required whenever a U.S. person owns 10% or more of any business enterprise overseas. The form is due June 30th. Read more about it in the following link:

http://www.bea.gov/surveys/respondent_be10.htm

Our firm does  not plan to get involved in these filings as a rule; however, if any of you need help we can see what we can do. If you are conservatively minded you should file the form to avoid any exposure to possible penalties.

Form BE10 - Form Required by Bureau of Economic Analysis of Department of Commerce for those who own 10% or more of a foreign corporation

Dear Clients,

Please see below link regarding a potential disclosure requirement for 2014 with the Bureau of Economic Analysis. As a courtesy, we are making you aware of the potential requirement. This is not a tax-related filing but is a survey that is required whenever a U.S. person owns 10% or more of any business enterprise overseas. The form is due May 29th5 but you can file an extension.  June 30.

http://www.bea.gov/surveys/respondent_be10.htm

Our firm does  not plan to get involved in these filings as a rule; however, if any of you need help we can see what we can do. If you are conservatively minded you should file the form to avoid any exposure to possible penalties.