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If an LM-3 filer gets a windfall receipt, such as a settlement of a claim, that puts it over $250,000 total annual receipts for one year, is this a basis for a hardship exemption?

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If an LM-3 filer gets a windfall receipt, such as a settlement of a claim, that puts it over $250,000 total annual receipts for one year, is this a basis for a hardship exemption?

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A. If the labor organization did not have a computer, for example, it could file for a hardship exemption. The exemption only excuses the labor organization from filing electronically, however. It would still have to file Form LM-2.

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