U.S. Finance Pros: Quarterly Foreign Deal Reports Due
Published Date: 2/28/2025
Notice
Summary
If you’re a U.S. financial services provider working with foreign clients, you’ll need to fill out the BE-185 survey every quarter. This survey helps the government track how money moves in and out of the U.S. financial world, shaping smart economic decisions. You’ll have 30 days after each quarter to report, with a bit more time—45 days—after your fiscal year ends.
Analyzed Economic Effects
5 provisions identified: 2 benefits, 3 costs, 0 mixed.
Mandatory BE-185 Reporting for Large Firms
If you are a U.S. financial services provider and your combined reportable sales to foreign persons exceeded $20,000,000 during the previous fiscal year (or are expected to exceed that amount this fiscal year), or your combined reportable purchases from foreign persons exceeded $15,000,000 during the previous fiscal year (or are expected to exceed that amount this fiscal year), you must complete the mandatory BE-185 quarterly survey.
Estimated 10-Hour Burden Per Response
The Office of Management and Budget approved an average public reporting burden of 10 hours per BE-185 response. Because the survey is quarterly, each required filing will carry this estimated 10-hour preparation time.
Quarterly Filing Deadlines: 30 and 45 Days
You must file BE-185 reports within 30 days after the end of each fiscal quarter, except that for the final quarter of your fiscal year the report is due within 45 days.
BEA Will Notify Who Must Report
BEA will mail specific reporting notices to U.S. persons required to complete the BE-185. If BEA does not contact you, you have no reporting responsibilities for this survey.
Multiple Submission Methods Included
You may submit BE-185 reports electronically through BEA's e-file system at www.bea.gov/efile, or download the form from www.bea.gov/ssb and submit by mail or fax as instructed.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-06040, Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-605, Quarterly Survey of Foreign Direct Investment in the United States-Transactions of U.S. Affiliate With Foreign Parent
The Department of Commerce is updating a quarterly survey that asks U.S. companies owned by foreign parents about their business deals. About 2,100 companies respond each quarter, spending around an hour each time. This update helps keep important economic data accurate without adding extra hassle, and the public has 30 more days to share their thoughts.
2026-06039, Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-13, Survey of New Foreign Direct Investment in the United States
The government is asking businesses with new foreign investments in the U.S. to keep filling out the BE-13 survey, which helps track how much foreign money is coming into the country. About 3,400 companies will respond yearly, spending around 36 minutes each. This survey stays mandatory, with no changes, and helps understand the impact of foreign investments on the U.S. economy.
2026-05075, BE-11: Annual Survey of U.S. Direct Investment Abroad
The BE-11 survey asks U.S. companies that own more than half of a foreign business to share info about their investments abroad. This helps the government understand how American money moves around the world and affects the economy. If you’re one of these companies, get ready to report your last fiscal year’s data by May 31—it’s mandatory and important!
2026-05080, BE-29: Annual Survey of Foreign Ocean Carriers' Expenses in the United States
The BE-29 survey asks U.S. agents of foreign ocean carriers to report their expenses in the U.S. if they handled 40+ port calls or spent $250,000+ in a year. This mandatory survey helps the government track trade in shipping services and understand its impact on the economy. Reports are due within 45 days after the calendar year ends, so get ready to share your numbers on time!
2026-05074, BE-577: Quarterly Survey of U.S. Direct Investment Abroad-Transactions of U.S. Reporter With Foreign Affiliate
If your U.S. business owns or controls a foreign company, you’ll need to fill out the BE-577 survey every quarter. This survey helps the government track how much money U.S. companies invest abroad and how it affects the economy. You’ll have 30 days after each quarter to report, or 45 days if it’s the year’s final quarter—so keep an eye on those deadlines!
2026-05076, BE-9: Quarterly Survey of Foreign Airline Operators' Revenues and Expenses in the United States
If you work for a foreign airline with offices in the U.S., you’ll need to fill out a quarterly survey about your money coming in and going out here. This helps the government understand how foreign airlines impact the U.S. economy and trade. You’ll have 30 days after each quarter to send in your report, so get ready to share your numbers on time!
Previous / Next Documents
Previous: 2025-03321, BE-125: Quarterly Survey of Transactions in Selected Services and Intellectual Property With Foreign Persons
If your U.S. business sells certain services or intellectual property to foreign folks, you’ll need to fill out the BE-125 survey every quarter. This mandatory survey helps the government track U.S. trade and its impact on the economy. You’ll have 30 days after each quarter (or 45 days after your fiscal year ends) to send in your info—so keep an eye out for the official notice!
Next: 2025-03323, BE-577: Quarterly Survey of U.S. Direct Investment Abroad-Transactions of U.S. Reporter With Foreign Affiliate
If you’re a U.S. company owning 10% or more of a foreign business, you’ve got to fill out the BE-577 survey every quarter. This survey helps the government track how much U.S. money is invested abroad and its impact on the economy. You’ll need to submit your report within 30 days after each quarter, or 45 days if it’s the year’s final quarter—so don’t miss those deadlines!