Get the free BE-12 Form: BEA 5-Year Benchmark Survey on ... - Winston & Strawn

FORM BE12Claim for Not Filing (REV 9/2017)OMB No. 06080042: Approval Expires 1 2/31/2020 BE12 Identification Number×Do not enter Social Security Number as Identification Number2017 BENCHMARK SURVEY

How to fill out be-12 form bea 5-year

How to fill out be-12 form bea 5-year

1. To fill out the BE-12 Form BEA 5-Year, follow these steps:
2. Start by gathering all the necessary financial information for the past five years, including balance sheets, income statements, and cash flow statements.
3. Refer to the instructions provided by the Bureau of Economic Analysis (BEA) to understand the specific requirements and definitions for each section of the form.
4. Begin with Part I of the form, which includes general business information such as company name, address, and contact details.
5. Move on to Part II, which requires a breakdown of the company's assets and liabilities. Fill in the appropriate values based on your financial statements.
6. In Part III, report the company's sales, gross operating revenues, and other income. This section may also require additional details about specific types of income.
7. Part IV focuses on income and deductions related to foreign affiliates. Provide details about any foreign investments or activities.
8. Complete Part V, which covers foreign sales and expenses. Report any export sales or expenses incurred in foreign countries.
9. Finally, review the completed form for accuracy and completeness. Make sure all required fields are filled correctly and all calculations are accurate.
10. Sign and date the form, and submit it to the BEA by the designated deadline. Retain a copy of the form for your records.

Who needs be-12 form bea 5-year?

1. The BE-12 Form BEA 5-Year is needed by any U.S. person or entity that meets the filing requirements set by the Bureau of Economic Analysis (BEA).
2. This includes corporations, partnerships, LLCs, sole proprietorships, and other organizations that meet certain criteria, such as having substantial foreign investments or engaging in cross-border transactions.
3. Additionally, individuals or entities that receive a notification from the BEA requesting the submission of the form must also comply.
4. It is important to consult the BEA's updated guidelines and requirements to determine if you or your organization needs to file the BE-12 Form BEA 5-Year.

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What is be-12 form bea 5-year?

The BE-12 form is a survey conducted by the Bureau of Economic Analysis (BEA) that collects information on the operations of U.S. multinational enterprises. It is specifically for reporting the financial and operational data of U.S. parents of foreign affiliates over a five-year period.

Who is required to file be-12 form bea 5-year?

U.S. companies that have a foreign affiliate and meet certain criteria regarding ownership and financial thresholds are required to file the BE-12 form. This typically includes U.S. companies with a foreign investment exceeding the specified reporting thresholds.

How to fill out be-12 form bea 5-year?

To fill out the BE-12 form, companies must gather the necessary financial information about their foreign affiliates, such as income statements, balance sheets, and details of ownership. They should carefully follow the instructions provided by the BEA and ensure that all sections are completed, including reporting on the affiliates' operations.

What is the purpose of be-12 form bea 5-year?

The purpose of the BE-12 form is to collect information that helps the BEA assess the impact of U.S. businesses' foreign investments on the U.S. economy. This data aids in shaping economic policy and understanding international economic relationships.

What information must be reported on be-12 form bea 5-year?

The BE-12 form requires reporting information such as the financial performance of foreign affiliates, the nature of business activities, ownership structure, investments made, and operational data like employment numbers and possible profits or losses from foreign operations.