Urgent - Bureau of Economic Analysis Forms For Foreign Entities Due as Early as May 29, 2015 (5/27/15)

I have just learned about certain BEA forms due as early as May 29, 2015.

The BEA Web Site for the forms is here.

A good discussion is Joseph Perera and Farley P. Katz, Alert: Benchmark Survey of U.S. Direct Investment Abroad (BE-10 Report) Due May 29, 2015 (Strasburger 5/26/15), here.  The authors make the following introduction which should gather the attention of clients (and their lawyers) who have foreign entities.

All U.S. persons that owned, directly or indirectly, 10% or more of the voting stock of a foreign corporation, or an equivalent interest in an unincorporated foreign business enterprise (e.g. a partnership), at any time during the 2014 fiscal year, are required to file a BE-10 Report. 

The authors also note that there are civil and criminal penalties for failing to file.

Addendum 5/29/15 8:30am:

The filing deadline for "New Filers" has been extended to 6/30/15.  See here.