Reporting and Tax deadlines

SBIC-WEB Implementation Postponed until 2013 First Quarter Filing

The Small Business Administration (SBA) announced in early January 2013 that, due to technical problems, its new web-based reporting application for Small Business Investment Company (SBIC) funds (SBIC-WEB) will not be used for 2012 year-end filings. The SBA's Office of Investment has officially postponed implementation of SBIC-WEB until the quarter ending March 31, 2013.

The SBA guidance directs SBICs to use the existing SBIC Electronic Reporting Software (Microsoft Access Version) to complete and file the annual SBA Form 468 for the year ending December 31, 2012. Additionally, SBICs are required to continue to use the SBIC Electronic Reporting Software to complete and file any SBA Form 1031s.

The SBA also asks that users do not attempt to use SBIC-WEB to input data, as data may be lost as system changes are made.

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February 1st: Participating Securities Distribution Date

February 1st: Participating Securities Distribution Date

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March 1st: SBA Debenture Interest Payment Due in March

SBA debenture interest payments are due in March.

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March 31st: Audited Annual SBA Form 468 (Long Form) Due

March 31st is the deadline to file SBA Form 468 (Long Form), including the auditors' report thereon. An electronic copy must be filed and two certified copies must be delivered to the SBA.

 

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March 31st: SBA Form 1031A (Semi-Annual 1031 Certification) Due

March 31st is the deadline to file SBA Form 1031A (Semi-Annual 1031 Certification).

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March 31st: Notification of Material Valuation Changes (Semi-Annual Notification) Due

March 31st is the deadline to file the Notificiation of Material Valuation Changes (semiannual notification; changes of +/- 10% since last valuation report.

 

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April 15th: Partnership Federal Income Tax Return Due

Partnerships: File 2012 Form 1065 and furnish a copy of Schedule K-1 to each partner. For automatic 5-month extension, file Form 7004.

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April 30th: SBA Form 468 (Short Form) Due

April 30th is the deadline to file SBA Form 468 (Short Form). An electronic copy must be filed and two certified copies must be delivered to the SBA.

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April 30th: Notification of Material Adverse Valuation Changes (Quarterly Notification) Due

April 30th is the deadline to file the Notification of Material Valuation Changes (quarterly notification; changes of +/- 20% since last valuation report).

 

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May 1st: Participating Securities Distribution Date (Required Annual Distributions Due)

May 1st is the required annual participating securities distribution date.

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