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Tax Blog

  • Posts by Sebastien N. Chain
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    Sebastien Chain joined Chamberlain Hrdlicka in 2011 and concentrates his practice on federal, state and local tax controversies, both civil and criminal, and he represents clients at the examination level, administrative ...

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2023 BEA Filing Deadline
Posted June 6, 2023 by Sebastien N. Chain, Patrick W. Martin

Every five years the Bureau of Economic Analysis (BEA) is required to collect information and compile statistics on the scale of foreign-owned business activities in the United States under the International Investment and Trade in Services Survey Act of 1976. This information is used by the federal government to analyze the impact of foreign investment on the U.S. economy. In general, with few exceptions, if a foreign person (an individual or an entity) owned or controlled, directly or indirectly, 10% or more of the voting securities in a U.S. entity at the end of the of the ...

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