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3/1/2017DOLForm
ReturnFORMLM2LABORORGANIZATIONANNUALREPORT
U.S. DepartmentofLabor
OfficeofLaborManagementStandards
Washington,DC20210MUSTBEUSEDBYLABORORGANIZATIONSWITH$250,000ORMOREINTOTALANNUALRECEIPTS
ANDLABORORGANIZATIONSINTRUSTEESHIPFormApproved
OfficeofManagementandBudget
No.12450003
Expires:10312013ThisreportismandatoryunderP.
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How to fill out form lm2 labor organization
How to fill out form lm2 labor organization
01
Obtain the LM-2 Labor Organization Annual Report form.
02
Read the instructions provided with the form carefully to understand the requirements.
03
Provide basic information about the labor organization, such as the name, address, EIN, and type of organization.
04
Fill out Part I of the form, which includes information about the organization's officers, employees, and receipts.
05
Fill out Part II of the form, which includes information about the organization's disbursements and other expenses.
06
Fill out Part III of the form, which provides details about the organization's receipts and disbursements for the reporting period.
07
Fill out Part IV of the form, which includes information about the organization's assets, liabilities, and other financial information.
08
Review the completed form for accuracy and make any necessary corrections.
09
Sign and date the form.
10
File the LM-2 Labor Organization Annual Report form with the appropriate authority before the deadline.
Who needs form lm2 labor organization?
01
Labor organizations, including unions, employee associations, or other similar entities, need to file form LM-2 Labor Organization annually. This form is required by the U.S. Department of Labor's Office of Labor-Management Standards (OLMS) to disclose financial information and ensure transparency in labor organizations' activities.
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What is form lm2 labor organization?
Form LM-2 is an annual financial report that labor organizations are required to file with the Office of Labor-Management Standards (OLMS). It provides details about the organization's financial conditions, including income and expenditures.
Who is required to file form lm2 labor organization?
Labor organizations that have total annual receipts of $250,000 or more must file Form LM-2.
How to fill out form lm2 labor organization?
To fill out Form LM-2, organizations must gather their financial records, complete the necessary sections regarding income, expenditures, assets, and liabilities, and ensure all information aligns with their accounting practices before submitting it to the OLMS.
What is the purpose of form lm2 labor organization?
The purpose of Form LM-2 is to promote transparency and accountability within labor organizations by requiring them to report their financial activities to the government and their members.
What information must be reported on form lm2 labor organization?
Form LM-2 requires reporting of financial activities including total income, total expenses, net assets, salaries paid to officers, loans, and other financial transactions that occurred during the year.
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