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U.S. Department of Labor Office of Labor-Management Standards Washington, DC 20210 FORM LM-1 LABOR ORGANIZATION INFORMATION REPORT For Official Use Only This report is mandatory under P.L. 86-257,
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How to fill out form lm-1 labor organization
How to fill out form LM-1 labor organization:
01
Obtain the form: The form LM-1 labor organization can be obtained from the Department of Labor (DOL) website or by contacting the Office of Labor-Management Standards (OLMS).
02
Provide general information: Start by filling out the general information section of the form. This includes the name and address of the labor organization, the type of organization, and the fiscal year-end date.
03
Report receipts, disbursements, and assets: The next section requires you to report the labor organization's receipts, disbursements, and assets. This includes income from dues and fees, investment income, and any extraordinary receipts or disbursements.
04
Detail financial information: Provide a detailed breakdown of the labor organization's financial information. This includes reporting the amount of cash held by the organization, any savings or checking accounts, investments, and other assets.
05
Disclose transactions and agreements: The form also requires disclosure of any transactions or agreements that may have occurred during the reporting period. This includes financial agreements with employers, vendors, or other organizations.
06
Attach supporting documents: It is important to attach any supporting documents that are required as per the instructions provided with the form. This may include bank statements, financial statements, or any additional documentation that supports the reported information.
07
Review and certify: Before submitting the form, carefully review all the information provided and ensure its accuracy. The form LM-1 labor organization must be signed by an authorized official of the labor organization certifying the accuracy of the report.
Who needs form LM-1 labor organization:
01
Labor organizations: The form LM-1 labor organization is required to be filled out by labor organizations as per the regulations set by the Department of Labor. This includes unions, trade associations, and other similar organizations representing employees.
02
Organizations subject to reporting requirements: Any labor organization that meets the reporting requirements specified by the Office of Labor-Management Standards (OLMS), such as having a gross annual receipt of $250,000 or more, is required to fill out the form LM-1 labor organization.
03
Compliance with labor regulations: Filling out the form LM-1 labor organization ensures compliance with labor regulations and provides transparency regarding the financial activities of the labor organization. It allows the Department of Labor to monitor and enforce federal labor laws effectively.
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What is form lm-1 labor organization?
Form LM-1 is a form required to be filed by labor organizations to report their financial information.
Who is required to file form lm-1 labor organization?
Labor organizations are required to file form LM-1.
How to fill out form lm-1 labor organization?
Form LM-1 can be filled out by providing detailed financial information and submitting it to the Department of Labor.
What is the purpose of form lm-1 labor organization?
The purpose of form LM-1 is to provide transparency and accountability regarding the financial activities of labor organizations.
What information must be reported on form lm-1 labor organization?
Information such as assets, liabilities, receipts, disbursements, and salaries must be reported on form LM-1.
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