We use cookies to improve your experience and optimize user-friendliness. Read our cookie policy for more information on the cookies we use and how to delete or block them. To continue browsing our site, please click accept.

How to Report Employee Retention Credit on Your Union’s Form LM-2

View Steps to Report

By reporting the Employee Retention Credit on your Form LM-2, Unions can help keep their employees on payroll with a credit up to $5,000 per employee for qualified wages paid.

The credit is obtained by off-setting employer taxes and employee tax withholdings that the Union would normally remit to the IRS. Instead of making those disbursements, the Union can apply a credit against the amount normally due. If there are not enough taxes to recover the value of the credit, the Union may request a check from the IRS for the difference.

To view outlined steps on how to report the Employee Retention Credit, please complete the form.

Previous Post
Next Post


Get news updates and event information from Withum