Member Resources

NOTICES - WHAT'S NEW

• IRS Standard Mileage Rate for 2008 is set at 58.5 cents per mile
  

• Notification of 2008 Dues & Per Capita Increases
  
  
• IRS announces pension plan limitations for 2008. The limitation for defined contribution plans under Section 415(c)(1)(A) is increased from $45,000 to $46,000. The limitation under Section 402(g)(1) on the exclusion for elective deferrals described in Section 402(g)(3) remains unchanged at $15,500. Age 50 catch-up limit for age 50 and older remains unchanged at $5,000.
  
  http://www.irs.gov/newsroom/article/0,,id=174873,00.html
  
  
• The Social Security Wage Base limit for 2008 is $102,000. There is no wage base limit for Medicare tax. The tax rate remains 6.20% for social security and 1.45% for Medicare tax.
  
  http://www.ssa.gov/pressoffice/factsheets/colafacts2008.htm
  
  
• The standard Medicare Part B standard monthly premium will be $96.40 in 2008, an increase of $5.00 or 5.6 percent from the current $88.50 Part B premium. In 2008, if you file your taxes as "married, filing jointly" and your MAGI (modified adjusted gross income) is more than $164,000, you will pay a higher Part B premium. For all other taxpayer filing statuses, if your MAGI is more than $82,000, you will pay a higher Part B premium.  Go to the following site for more information:
  
  http://www.socialsecurity.gov/pubs/10161.html#premium
  

IDENTITY THEFT ADVICE AVAILABLE

• You can check the State Attorney General's Consumer Protection site in your state, such as the one listed below for New Jersey.
   
• Federal Trade Commission site
  http://www.ftc.gov/bcp/edu/microsites/idtheft//
   
• You can also check out identity theft.org
  http://www.identitytheft.org/
   
• Social Security Administration
  http://www.ssa.gov/pubs/idtheft.htm
   
• Social Security Administration
  http://www.ssa.gov/pubs/10064.html
   
• New Jersey Consumer Protection
  http://www.state.nj.us/lps/ca/idtheft.htm

Reverse Mortgage information from the Department of Housing and Urban Development (HUD)

• http://www.hud.gov/offices/hsg/sfh/hecm/hecm--df.cfm
    
• HIPPA Health and Human Services Privacy Rules Simplified

OTHER FINANCIAL INFORMATION YOU MAY NEED

• LM-30 Requirements including the new Deminimus Advisory for filing.  This is the responsibility of the individual, not the local.  Due 90 days after the employees fiscal tax year, not the Locals fiscal tax year.  Visit this site for filing extensions and the new deminimus changes.  The filing requirements for 2007 are March 28, 2008 for those individuals who have a tax year end of December 31, 2007.

LM-2 FORM CHANGES AND REPORTING REQUIREMENTS 

• NOTE:  Municipal (PLocals do not file LM reports) 
• LM-2 Changes Effective for Locals beginning their fiscal year after June 30, 2004
   
• CHECKLIST FOR NEW LOCALS AND NEW TREASURERS - REVIEW THIS CHECKLIST THEN REVIEW THE ONLINE FINANCIAL TRAINING PRESENTATION BELOW 
   
• ONLINE FINANCIAL TRAINING PRESENTATION - LOOK HERE FOR TAX AND OTHER INFO
  Black and White Online training handout Note: Print in Landscape mode.
   
• ALL DOL REPORTING REQUIREMENTS UNDER THE LMRDA - NOTE: MUNICIPAL (PUBLIC SECTOR) LOCALS DO NOT FILE LM REPORTS 
   
• Weighted Average Rate to replace 30 year treasury bond rate and NEW Corporate Bond Rate latest chart:  http://www.irs.gov/retirement/article/0,,id=96450,00.html  NOTE: To get the most recent information or data for other months, go to www.irs.gov and type in the search window: 30 year treasury replacement rate.  IRS bulletin Index 
   
• Pension Funding Equity Act http://www.irs.gov/retirement/article/0,,id=129503,00.html 
  NOTE: search the IRS  web site for the most recent information.  Go to search window and type in pension funding equity act. 
   

Bureau of Labor Statistics for Cost of Living and other Information

• FREE for UWUA Locals!!! Software for your Local - from LaborSoft
  Print a grievance form for filing a grievance Print a grievance form for filing a grievance ~ If you would like the original Microsoft Word Document so you can edit for your use, send an e-mail request to: gruffner@aflcio.org
  
• NEW PER CAPITA VERIFICATION FORM
   
• Semi-Annual Report Form
   
• UWUA Union Meeting Notice Form (you can print)
   
• Monthly Per Capita Report with July 2003 Initiation Fee Change
   
• Notification of 2008 Dues and Per Capita Increases
  
  
• Notification of 2007 Dues and Per Capita Increases
   
• Notification of 2006 Dues & Per Capita Increases
   
•  UWUA Per Capita Verification Policy
   
• UWUA Per Capita Policy
   
• Financial Requirements under the UWUA Constitution- Article VI

Contact National Secretary-Treasurer Gary Ruffner with comments and/or suggestions to improve this financial site. Include your name and Phone #.
CLICK HERE >> gruffner@aflcio.org

INTERNAL REVENUE SERVICE

• Internal Revenue Service Home Page
   
• IRS Forms and Instructions
   
• Guide for electronic filing of form 941
   
• Form 990- EZ for locals with $25,000 in revenue due by the 15^th day of the 5^th month following the tax year. Form 990-EZ tax filing instructions info for exempt organizations.
   
• Circular E -Schedules for deductions -tax tables Publication 15, Publication 15a Supplement to Circular E
   
• Reporting of Expenses within a reasonable period of time, taxation and inclusion on form W-2 by the employer (IRS pub 463) page 27-30 under Accountable Plans.
   
• Reimbursement of Expenses and Per Diems
   

CAMPAIGN FINANCE REQUIREMENTS

• The Federal Election Commission (FEC)*
   
• Campaign Finance Information Center - State Information*
  * Look at this site for reporting requirements before making any Contributions to State/City offices or Federal Candidates. Some States require Segregated funds and/or State Political Action Committee registration. Federal PACs must be registered as well.

REFERENCE GUIDE

• HIPPA Health and Human Services Privacy Rules Simplified
   
• Merriam Webster Online Dictionary & Thesaurus
   
• Findlaw Legal Dictionary

OTHER LINKS

• Immigration Service ~ I-9 form
   
• Federal Mediation and Conciliation Service (FMCS)
   
• Bureau of Labor Statistics for Cost of Living and other Information

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