On December 1, 2010, the Department of Labor’s Office of Labor-Management Standards (OLMS) published a final rule rescinding the Form T-1, Trust Annual Report.
The Form T-1, established by final rule in 2008, is an annual financial reporting form that labor unions were required to use to disclose the assets, liabilities, receipts, and disbursements of related ... Read More ›
The Illinois State Board of Elections made significant changes to disclosure rules of campaign contributions effective January 1, 2011. As a result of the new rules, many organizations, including labor organizations and their political action committees (PAC), may have additional filing requirements. Some of the major changes are summarized below.
Any organization that accepts contributions or ... Read More ›
The Affordable Care Act, enacted in 2010, includes a provision to encourage small organizations, including tax-exempts, to offer health insurance coverage to their employees. For tax years beginning in 2010 through 2013, the credit available to qualifying tax-exempt organizations is equal to 25% of the premiums paid. The credit will increase to 35% beginning in ... Read More ›