Must a labor organization file a terminal Form T-1 for a trust?
A. Yes, the labor organization must file a terminal Form T-1 if either the trust ceases to exist or the labor organization’s interest in the trust terminates. If a terminal Form T-1 is required, it must be filed for the period from the beginning of the trust’s fiscal year to the date that the trust ceases to exist or the labor organization’s interest in the trust terminates.
Related Questions
- Why does the labor organization have to certify information on the Form T-1? Do unions have the responsibility to verify the accuracy of the information they receive from a trust?
- If a union did not create or establish a trust, but selects one or more of the trustees, does it file a terminal Form T-1 if it ceases to select a trustee?
- Must a labor organization file a terminal Form T-1 for a trust?
