BE-120 2014 free printable template
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OMB No. 0608-0058 Approval Expires 10/31/2014 BEA USE ONLY Control number FORM BE-120 U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS BENCHMARK SURVEY OF TRANSACTIONS IN SELECTED SERVICES AND INTELLECTUAL PROPERTY WITH FOREIGN PERSONS The report is mandatory and confidential. Name and address of U.S. Reporter Enter or correct as necessary 10001 1 Company name 10002 1 Attention 10003 1 Street 10004 1 City 10005 1 State 10006 1 Zip Code Co...
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How to fill out BE-120
01
Obtain the BE-120 form from the Bureau of Economic Analysis (BEA) website or your financial institution.
02
Fill in your contact information, including name, address, and phone number.
03
Provide your entity's identification details, including Employer Identification Number (EIN) or Social Security Number (SSN).
04
Report the type of foreign investment or financial interest you hold in foreign entities.
05
Complete the financial information section detailing your investments and income derived from foreign investments.
06
Review all entries for accuracy to ensure all information is correctly filled.
07
Submit the completed form by the specified deadline, either electronically or by mail, as instructed.
Who needs BE-120?
01
U.S. persons, including individuals and entities, who have an interest in foreign investments or foreign entities are required to file the BE-120.
02
This includes but is not limited to domestic businesses that have foreign affiliates, branches, or investments.
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What is BE-120?
BE-120 is a reporting form used by the Bureau of Economic Analysis (BEA) for U.S. persons to report their foreign investments and transactions.
Who is required to file BE-120?
U.S. persons who have foreign affiliates or foreign direct investments are required to file BE-120.
How to fill out BE-120?
To fill out BE-120, taxpayers must provide detailed information about their foreign investments, including the types of investments and specific financial data.
What is the purpose of BE-120?
The purpose of BE-120 is to collect data on U.S. investments abroad to analyze the economic impact and develop national economic statistics.
What information must be reported on BE-120?
BE-120 requires reporting of information such as the amount of investment, types of foreign affiliates, and financial performance data.
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