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FORM LM-3 LABOR ORGANIZATION ANNUAL REPORT. Page 1. FORM LM-3 LABOR ORGANIZATION ANNUAL REPORT. This report is mandatory under P.L. 86-257, as amended. Failure to comply may result in criminal prosecution, fines, or civil penalties as provided by 29 U.S.C. 439 or 440.
Every labor organization subject to the LMRDA, CSRA, or FSA with total annual receipts of $250,000 or more must file Form LM-2.
If a labor organization experiences unanticipated technical difficulties that prevent the timely preparation and submission of an electronic filing of a financial annual report, the labor organization may be eligible for a temporary hardship exemption. Form LM-1 Information. Facsimile of Form LM-1 (PDF)
The LM-2 is like a tax return for a union. Each union is supposed to file one every year. An LM-2 is a form where the union reports things like how much it pays its officers and employees. The LM-2 is for large unions. If you're dealing with a small local union, it might file an LM-3 or an LM-4.
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