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Foreign Activity Filing Required By The Bureau of Economic Analysis

By MarksNelson on August 30, 2015 in MarksNelson in the News, Sara Stubler CPA

IBNewsmag, Foreign Activity Filing Required By The Bureau of Economic Analysis, August 2015

The Bureau of Economic Analysis (BEA) is a division of the US Department of Commerce, and is requiring that any US person who had a foreign affiliate at any time during their 2014 fiscal year must file a Benchmark Survey of US Direct Investment Abroad (Form BE-10). A 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, triggers the need to file.

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MarksNelson LLC works with clients to help safeguard and grow their businesses. Our ultimate goal is to help our clients to Move Forward. The firm provides Assurance, Accounting Services and Business Advisory, Business Valuation, Consulting, Cost Segregation, Employee Benefit Plan Audits, Litigation Support, Forensic Accounting, International Tax, State and Local Tax and Tax planning, advisory and compliance services. MarksNelson is a member of The Leading Edge Alliance, the second-largest international professional association of independently owned accounting and consulting firms, serving clients who need additional resources on a national or international level. MarksNelson has significant accounting and business advisory experience in the auto dealership, construction, insurance, manufacturing, distribution and real estate sectors. The firm was named among the 2014 Best Accounting Firms for Leadership Equity by the 2014 Accounting MOVE Project for its dedication to gender equity.