2.08: Part 5 - Spouse’s Employment Assets & Income and Retirement Accounts

What to Report

5 U.S.C. app. § 102(e)(1); 5 C.F.R. § 2634.311

Filers report an asset related to a spouse’s employment in Part 5 if the value of the asset was more than $1,000 at the end of the reporting period or if the filer's spouse received more than $200 in income during the reporting period.  For purposes of this Part, “employment-related” is interpreted broadly to cover, with certain exceptions, all of a spouse’s non-investment activities as well as the spouse’s retirement accounts.

In addition, filers report each source, whether a natural person or an entity, from which the filer’s spouse received more than $1,000 in earned income (or $200 in honoraria) during the reporting period. 

How to Report

Filers report their spouses’ employment-related assets and sources of earned income in the same manner as their own employment-related interests with two exceptions.  First, filers leave the “Income Amount” field blank when reporting a spouse’s earned income other than honoraria.  The exact amount of honoraria is required.  Second, the “Value” and “Income Amount” fields include a category labeled “Over $1,000,000.”  A filer may use this category or may use the higher value and amount categories.

Assets and Income That Are Not Reportable

The reporting exceptions for filers also apply to spouses.  In addition, filers report only sources of earned income for spouses, not all sources of non-investment income.

No Assets or Income to Report

The filer must affirmatively state that he or she does not have any assets or sources of earned income to report.  Within Integrity, the filer would make this statement by marking the “I do not have...” checkbox.  For hard copy reports, the filer would write “None.”