Skip to main content

Posts

DOL proposes changes to Form LM-2

The Office of Labor-Management Standards (OLMS) Department of Labor (DOL) is expected to publish a Notice of Proposed Rulemaking (NPRM) to modify the existing Form LM-2 and to establish a LM-2 Long Form (LM-2 LF). Please follow this link for our client bulletin: Bulletin Copies of the draft LM-2 and LM-2 Long Form can be accessed by following these links: Draft - LM-2 Draft - LM-2 Long Form Please contact us for additional information
Recent posts

CARES and Families First Payroll Protection Acts - information for Benefit Funds and Labor Unions

The Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Families First Coronavirus Response Act both provide potential relief for nonprofit associations. We are still awaiting important details on the many provisions of the Acts, but we wanted to provide a summary of some of the programs which will be of interest to our clients.  We will update our materials as additional information becomes available. We have provided sections below specific to your client type. Please check back to this page periodically for updates and further information. Relief available to clients from these Acts Labor Unions         Eligible for:        Employee Retention Tax Credit        EIDL Loan or Advance        Employee Retention Tax Credit (for Unions)        How these programs interact with each other        SBA Payroll Protection Program and Economic Injury Disaster Loans        Tax filing extensions Welfare and Pension Plans         Eligible for:        Employee Re

We're Open for Business

Our firm has been deemed “Life Sustaining” which allows us to remain open. Please see our bulletin regarding our ongoing operations: We're Open for Business

CARES and Family First Acts provide potential relief for Unions

The Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Families First Coronavirus Response Act both provide potential relief for nonprofit associations. We are still awaiting important details on the many provisions of the Acts, but we wanted to provide a summary of some of the programs which will be of interest to our Union clients. We will update this bulletin as additional information becomes available. Update for Union Clients

IRS Extends Filing Deadline

The Treasury Department and the Internal Revenue Service has provided special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak, by extending the 2019 tax filing deadline from April 15, 2020 to July 15, 2020. Please see our bulletin below for more information:  Bulletin

DOL establishes Form T-1

Today, the Office of Labor-Management Standards (OLMS) published a final rule establishing a Form T–1 Trust Annual Report which requires annual reporting by Form LM-2 filing labor organizations on financial information pertinent to “trusts in which a labor organization is interested”. Follow this link for our client bulletin: Bulletin Please contact us for additional information