What is a be-13 filing?
The Bureau of Economic Analysis (BEA) is conducting the BE-13, Survey of New Foreign Direct Investment in the United States, a mandatory survey that collects data from U.S. companies in order to produce timely economic statistics. A company must file a BE-13 form if it meets the basic requirement for the survey.
What is Bea filing?
File Online BEA’s surveys are used to produce accurate and objective statistics on the U.S. economy. Survey responses are needed to ensure accurate measurement of the U.S. economy during the COVID-19 outbreak. Use our secure eFile system at www.bea.gov/efile or fax to submit completed forms.
Are BEA surveys mandatory?
Are surveys mandatory and subject to penalties for failure to file? Yes. Failure to file may lead to civil penalties between approx. $2,500 and $50,000, and criminal penalties (for willful violations), if an individual, up to one year in prison.
When can you file 13?
The BE-13 filing must be made within 45 days after the effective date or completion of the reportable transaction (i.e., the closing of an acquisition, the commencement of an expansion, or the creation of a new affiliated entity).
Who should file Form 13?
Within 45 days of formation or acquisition, a US company with more than 10% foreign-ownership must file a Form BE-13 with the US Bureau of Economic Analysis, a division of the US Department of Commerce. The best time to file a BE-13 is right after formation, as the company starts to gear up to do business.
Do I need to file be 13?
What is purpose of BEA?
The Bureau of Economic Analysis (BEA) promotes a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic accounts data in an objective and cost-effective manner.
Is be 605 mandatory?
Who must report: A Form BE-605 is required from every U.S. business enterprise in which a foreign entity owns, directly and/or indirectly, 10 percent or more of the voting securities of an incorporated U.S. business enterprise, or an equivalent interest of an unincorporated U.S. business enterprise, at any time during …
Who Must File be 13?
What is full from of BEA?
Bureau of Economic Analysis (BEA)
Who is the head of BEA?
The BEA is one of the principal agencies of the U.S. Federal Statistical System….Bureau of Economic Analysis.
| Agency overview | |
|---|---|
| Employees | 500 |
| Annual budget | $101 million (FY2019) |
| Agency executives | Mary Bohman (acting), Director Mary Bohman, Deputy Director |
Who Must File be-15?
BE-15 — U.S. Persons with at least 10 percent voting interest directly and/or indirectly owned by a foreign person at the end of fiscal year 2019 may need to file BE-15 survey forms. This survey is required once BEA makes contact and requests the survey.
Who is required to file a BE-13 form?
The foreign investor’s U.S. affiliate (the U.S. business in which the investment is made), not the foreign investor itself, is subject to the BE-13 reporting requirements. Note that even if the BEA does not contact the foreign investor, the BE-13 filing is required.
Where to file Form BE-13 for foreign direct investment?
The U.S. affiliate of the foreign investor can file the appropriate Form BE-13 in a number of ways – post mail, fax, or electronically via BEA’s electronic filing portal at www.bea.gov/efile. The BEA website ( www.bea.gov/fdi) also provides a number of filing resources, including forms, filing instructions, FAQs and even video tutorials.
When do you have to file a consolidated tax return?
(2) Continued filing requirement. A group which filed (or was required to file) a consolidated return for the immediately preceding taxable year is required to file a consolidated return for the taxable year unless it has an election to discontinue filing consolidated returns under paragraph (c) of this section. (1) General rule.
What does the CFR say about consolidated returns?
26 CFR § 1.1502-75 – Filing of consolidated returns. § 1.1502-75 Filing of consolidated returns. (1) Exercise of privilege for first consolidated return year.