Does a labor organization officer or employee have to report payments received by, interests held by, or transactions and arrangements involving, the officials spouse or minor child?
A2. Yes, a labor organization officer or employee must report payments received by, interests held by, and transactions and arrangements involving, the official’s spouse or minor child. “Minor child” means a son, daughter, stepson, or stepdaughter less than 21 years of age. Payments received by, interests held by, and transactions and arrangements involving, a minor child must be reported until the child turns 21. If the child reaches the age of 21 during the fiscal year, matters must be reported for that portion of the fiscal year before the child’s 21st birthday. If a labor organization officer or employee is divorced during the fiscal year, interests and transactions for the spouse must be reported for that portion of the fiscal year prior to the divorce. Q3. Must a labor organization officer or employee report payments that otherwise are required to be reported on a Form LM-30 but which are subsequently repaid by the recipient within the same fiscal year? A3. No. Labor organization
Related Questions
- Does a labor organization officer or employee have to report payments received by, interests held by, or transactions and arrangements involving, the officials spouse or minor child?
- Must a labor organization official report payments from a labor organization that is affiliated with the labor organization in which the officer or employee serves?
- Where does the employer report the name of the person or labor organization that received the payment or benefit that is being reported?
