Get the free FORM LM-2 LABOR ORGANIZATION ANNUAL - rishawnbiddle

DOL Form Report (Disclosure) 1 of 107 http://kcerds.dol-esa.gov/query/payerPayeeReport.do Return FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT U.S. Department of Labor Office of Labor-Management Standards

How to fill out form lm-2 labor organization

How to fill out form LM-2 labor organization:

1. Begin by gathering all necessary information and documentation related to your labor organization's finances and activities. This includes details about your membership, receipts, disbursements, investments, and any other relevant financial transactions.
2. Review the instructions provided by the Department of Labor (DOL) for form LM-2. Familiarize yourself with the different sections and requirements of the form.
3. Start with Section A - General Information. Fill in the essential details about your labor organization, such as its name, address, employer identification number (EIN), and contact information. Provide accurate and up-to-date information to ensure proper identification.
4. Proceed to Section B - Receipts and Disbursements. Report all financial transactions for the reporting period covered by the form LM-2. This includes the total amount of receipts received, such as membership dues, fees, and contributions. Additionally, record all disbursements made by your labor organization, including salaries, administrative expenses, insurance costs, and other payments.
5. Move on to Section C - Assets and Liabilities. Detail any assets owned by the labor organization, such as cash, investments, property, and other valuables. Likewise, report any liabilities, such as outstanding debts or loans.
6. Complete Section D - Schedule 1 through Schedule 16. These schedules require specific information about various aspects of your labor organization's finances, such as loans, investments, receipts from trust funds, political activities, loans to officers, and more. Make sure to accurately complete each schedule as instructed by the DOL.
7. Proceed to Section E - LM-2 Analysis. This section requires you to perform an analysis of your labor organization's assets, liabilities, receipts, and disbursements. Utilize the provided guidance to calculate the required percentages and ratios based on your organization's financial data.
8. Sign and date the form LM-2, indicating your official certification of the accuracy and completeness of the information provided. Ensure that the form is signed by an authorized representative of the labor organization with the proper authority to file such reports.

Who needs form LM-2 labor organization?

1. Labor unions are required to file form LM-2 with the Department of Labor if they have more than $250,000 in annual receipts or disbursements. This includes a wide range of labor organizations, such as national and local unions, federations, trade associations, and other similar entities.
2. Any labor organization subject to the reporting requirements specified by the Labor-Management Reporting and Disclosure Act (LMRDA) should file form LM-2. This includes organizations involved in collective bargaining, representing employees, or engaging in various activities related to labor rights and advocacy.
3. It is crucial to consult the specific guidelines and requirements outlined by the Department of Labor to determine whether your labor organization falls within the scope of entities required to file form LM-2. Failure to comply with these regulations may result in penalties or legal consequences.

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What is form lm-2 labor organization?

Form LM-2 is a financial disclosure form that labor organizations are required to file with the Department of Labor.

Who is required to file form lm-2 labor organization?

Labor organizations, including unions and federations, with total annual receipts of $250,000 or more are required to file Form LM-2.

How to fill out form lm-2 labor organization?

Form LM-2 should be filled out according to the instructions provided by the Department of Labor. It requires detailed information about the organization's finances, including income, expenses, assets, and liabilities.

What is the purpose of form lm-2 labor organization?

The purpose of Form LM-2 is to ensure transparency and accountability in the financial operations of labor organizations, and to provide members and the public with information about how union dues are being used.

What information must be reported on form lm-2 labor organization?

Form LM-2 requires information about the organization's receipts, disbursements, loans, investments, assets, liabilities, and other financial transactions.