Back in December, more than 4 million American businesses, including 320,000 businesses in New York, received a 2007 Economic Census form. Many very small businesses were not sent a form, and no action is required from them, but businesses that received a form are required by law (Title 13, U.S. Code) to complete and return it.
Commerce Department Secretary Carlos Gutierrez calls answering the Economic Census "an act of an act of corporate good citizenship". The Fed's Ben Bernanke calls the census "indispensable" and adds "returning your economic census form helps us all."
So, if your company still has the 2007 Economic Census, please fill it out and send it in today. You can get help with your paper form, or even file your information online, at www.census.gov/econhelp. If you prefer, call 1-800-233-6136.
If you are an entity that deals with businesses, help get out the word now, before the February 12 due date. Among other things, the followup process is far more expensive for taxpayers than returning the form before the deadline.