Notice of OLMS Proposed Rulemaking: Form T-1 Trust Annual Report

Published May 30, 2019

The
Office of Labor-Management Standards (OLMS) today published a Notice of
Proposed Rulemaking (NPRM) to establish a Form T–1 to require annual reporting
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

IRS Introduces Form 15644 for Group Exemption Reporting

The IRS has introduced Form 15644, Supplemental Group Ruling Information, which central organizations must now use to satisfy their annual reporting obligations for subordinate organizations covered by a group exemption letter. The form standardizes the Supplemental Group Ruling Information, or SGRI, process described in Revenue Procedure 2026-8. Generally, Form 15644 must be submitted annually at […]

US Department of Labor releases information for 2025 annual benefits plan report/return filings

The U.S. Department of Labor today announced that its Employee Benefits Security Administration joined the Internal Revenue Service and Pension Benefit Guaranty Corp. in releasing informational copies of the 2025 Form 5500, Form 5500-SF, IRS Form 5500-EZ, IRS Form 5558 and related instructions online. The full article is available here: https://www.dol.gov/newsroom/releases/ebsa/ebsa20251215 Please contact us with […]

What is Peer Review and Why Is It Important

Organizations and individuals around the country rely on audit reports issued by CPA firms. When a CPA firm signs an audit report, they are certifying that they have done what is required by generally accepted auditing standards in order to issue that report. But who checks up on the CPA firm to make sure they […]