Frequently Asked Questions

Guidelines for Citing BEA Information | ID: 967 | Created: Apr-20-2011
Answer

I am required to file a BE-12 report. Which form do I file?

Form BE-12A

File for reporting U.S. affiliates that are majority-owned by foreign parents at the end of the fiscal year that ended in calendar year 2012 if any one of the following three items - - total assets, sales or gross operating revenues excluding sales taxes, or net income (loss) after provision for U.S., State, and local income taxes - - exceeded $300 million at the end of, or for, the fiscal year that ended in calendar year 2012. A majority-owned U.S. affiliate is one in which the combined direct and indirect ownership interests of all foreign parents of the U.S. affiliate exceed 50 percent.

Form BE-12B

File for reporting U.S. affiliates that are majority-owned by foreign parents at the end of the fiscal year that ended in calendar year 2012 if any one of the following three items - - total assets, sales or gross operating revenues excluding sales taxes, or net income (loss) after provision for U.S., State, and local income taxes - - exceeded $60 million but none of those items exceeded $300 million at the end of, or for, the fiscal year that ended in calendar year 2012. A majority-owned U.S. affiliate is one in which the combined direct and indirect ownership interests of all foreign parents of the U.S. affiliate exceed 50 percent.

File for reporting U.S. affiliates that are minority-owned by foreign parents at the end of the fiscal year that ended in calendar year 2012 if any one of the following three items - - total assets, sales or gross operating revenues excluding sales taxes, or net income (loss) after provision for U.S., State, and local income taxes - - exceeded $60 million at the end of, or for, the fiscal year that ended in calendar year 2012. A minority-owned U.S. affiliate is one in which the combined direct and indirect ownership interests of all foreign parents of the U.S. affiliate are 50 percent or less.

Form BE-12C

File for reporting U.S. affiliates owned by foreign parents at the end of the fiscal year that ended in calendar year 2012 if none of the following three items - - total assets, sales or gross operating revenues excluding sales taxes, or net income (loss) after provision for U.S., State, and local income taxes - - exceeded $60 million at the end of, or for, the fiscal year that ended in calendar year 2012.

Form BE-12 Claim for Not Filing

File for: (1) a U.S. affiliate that is consolidated into or merged with another U.S. affiliate, OR (2) an entity that is not directly or indirectly foreign-owned.

 

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