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FORM LM-10 - Employer Reports Frequently Asked Questions A Coverage of Form LM-10 Q1 Who has to file a Form LM-10? A1 Employers must file Form LM-10 annual reports to disclose certain specified financial dealings, subject to a $250 de minimis exemption discussed in question 50 below, with a union or officer, agent, shop steward, employee, or other representative of a union (collectively referred to as “union officials”)