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Este es un informe anual presentado por organizaciones laborales que incluye detalles sobre sus finanzas, membresía, actividades políticas y otros aspectos relevantes de la operación del sindicato.
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How to fill out form lm-2 - teamsters988
How to fill out FORM LM-2
01
Obtain a copy of FORM LM-2 from the Department of Labor website or your local labor office.
02
Begin by filling out the basic information section, including the name of your union and its address.
03
Provide the period of coverage for the report.
04
Fill out the financial information, detailing all income your union received during the reporting period.
05
Itemize all expenses incurred by the union, ensuring to include details of each type of expenditure.
06
Complete the section on assets and liabilities, listing all assets owned by the union and any debts owed.
07
Review and verify the accuracy of all information provided.
08
Sign and date the form, ensuring that it is filed timely according to regulatory deadlines.
Who needs FORM LM-2?
01
FORM LM-2 is required for labor organizations with annual receipts of $250,000 or more.
02
It is necessary for unions that want to provide transparency regarding their financial activities to union members and regulatory bodies.
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What is an LM-2 report?
Form LM-2 is filed with the Office of Labor-Management Standards (OLMS) by unions in the United States that details how a union spent funds in the past year. It is the most detailed report labor organizations are required to file.
What is an LM-2 report?
Form LM-2 is filed with the Office of Labor-Management Standards (OLMS) by unions in the United States that details how a union spent funds in the past year. It is the most detailed report labor organizations are required to file.
Who has to file LM-2?
The Form LM-2 is required for labor organizations with $250,000 or more in total annual receipts, the Form LM-3 is required for labor organizations with total annual receipts of $10,000 or more, but less than $250,000 and the Form LM-4 is required for labor organization which have total annual receipts of less than
Who files LM2?
The Form LM-2 is required for labor organizations with $250,000 or more in total annual receipts, the Form LM-3 is required for labor organizations with total annual receipts of $10,000 or more, but less than $250,000 and the Form LM-4 is required for labor organization which have total annual receipts of less than
Do unions have to file tax returns?
If a union has significant income from a source other than dues, it must complete IRS Form 990 T [PDF] to report that income separately from the dues it receives.
What are the requirements for LM-2?
The filing requirements are: Form LM-2—Lengthy report filed electronically by branches with $250,000 or more in annual receipts. Form LM-3—Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000.
What is the threshold for LM-3?
Every labor organization subject to the LMRDA, CSRA, or FSA with total annual receipts of less than $250,000 may file the simplified annual report Form LM-3, if not in trusteeship as defined in Section IX of these instructions.
What are the requirements for LM-2?
The filing requirements are: Form LM-2—Lengthy report filed electronically by branches with $250,000 or more in annual receipts. Form LM-3—Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000.
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What is FORM LM-2?
FORM LM-2 is a financial report that unions are required to file with the U.S. Department of Labor. It provides detailed information about a union's financial condition and activities.
Who is required to file FORM LM-2?
Labor organizations with gross annual receipts of $250,000 or more are required to file FORM LM-2.
How to fill out FORM LM-2?
To fill out FORM LM-2, unions must gather financial data, including income, expenses, and assets, and accurately report this information in the designated sections of the form as specified by the Department of Labor.
What is the purpose of FORM LM-2?
The purpose of FORM LM-2 is to provide transparency and ensure accountability within labor organizations by disclosing their financial activities to both members and regulators.
What information must be reported on FORM LM-2?
FORM LM-2 requires reporting on various financial elements, including total revenue, total expenses, assets, liabilities, and detailed expenses over $100, among other financial disclosures.
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