BE-10 Benchmark Survey
Are You Required to Report Foreign Investments?
If you're a U.S. tax resident, you may be required to file Form BE-10, a mandatory survey conducted by the Bureau of Economic Analysis (BEA). This survey is essential for measuring the economic impact of U.S. investments abroad, and noncompliance can result in significant penalties.
At Jambrina CPA, we explain what the BE-10 is, who must file it, and how to prepare to meet this federal requirement.
What is the BE-10 Benchmark Survey?
The BE-10 is a benchmark survey conducted every 5 years by the BEA, part of the U.S. Department of Commerce. It collects detailed information about U.S. direct investments in foreign entities.
Purpose of the form: To measure the position and economic activity of U.S. direct investments abroad, supporting the balance of payments and international economic statistics.
Who Must File the BE-10?
Any U.S. tax resident who owns at least 10% direct or indirect ownership in a foreign business must file this form, even if not contacted by the BEA.
Examples of reportable entities:
Corporations
Partnerships
Trusts
Sole proprietorships
Important: The BE-10 applies even if the foreign entity is inactive or not generating income.
What Information Is Required?
The BE-10 forms vary depending on the size and type of investment but generally include:
Financial statements of the foreign entity (Income Statement, Balance Sheet)
Information about the relationship between the U.S. parent and the foreign affiliate
Key BE-10 Deadline in 2025
The BE-10 for the 2024 reference year must be filed in 2025. The deadline is:
June 30, 2025
The BEA may grant extensions of up to 30 days..
What Happens If You Don’t File?
Failure to file the BE-10 may result in civil penalties from $5,761 to $59,114, and in some cases, criminal penalties if intentional disregard is proven. The BEA treats noncompliance very seriously.
How to Prepare:
Identify all international investments: Review your corporate structure and ensure you are aware of all foreign entities under your control.
Gather accounting documentation: You’ll need financial statements, employee data, transactions, and control relationship details.
Consult an international tax expert: BE-10 compliance can be complex, especially for multinational structures.
Can Jambrina CPA Help You?
Absolutely! At Jambrina CPA, our team of Bilingual CPAs specializes in international taxation and BEA compliance, and we’re ready to help you:
Determine if you're required to file BE-10
Collect all necessary information
Complete and submit the form on time
Avoid penalties and optimize your international tax structure
Request a filing extension if needed
Need Help? Contact Us!
Don’t let a missed report cost you thousands. If you have foreign investments, start preparing for BE-10 now.
📩 Schedule a consultation with Jambrina CPA and ensure your business stays compliant with the BEA.