Paul L. Caron
Dean



Saturday, April 22, 2006

Kansas Faculty Making More Than $100k Subject to New Financial Disclosure Law

Ku Kansas faculty making over $100,000 must filed a financial disclosure statement under a new state law (46-247).  Here are some of the questions faculty must answer:

  • List any corporation, partnership, proprietorship, trust, joint venture and every other business interest, including land used for income, and specific stocks, mutual funds or retirement accounts in which either you or your spouse has owned within the preceding 12 months a legal or equitable interest exceeding $5,000 or 5%, whichever is less.
  • List any person, business or combination of businesses from which you or your spouse either individually or collectively, have received in the preceding 12 months, without reasonable and valuable consideration, goods or services having an aggregate value of $500 or more.
  • List all places of employment in the last calendar year, and any other businesses from which you or your spouse received $2,000 or more in compensation (salary, thing of value, or economic benefit conferred on you or your spouse in return for services rendered, or to be rendered), which was reportable as taxable income on your federal income tax returns.
  • List any organization or business in which you or your spouse hold a position as officer, director, associate, partner or proprietor at the time of filing, irrespective of the amount of compensation received for holding such position.
  • List each client or customer who paid fees or commissions to a business or combination of businesses from which fees or commissions you or your spouse received an aggregate of $2,000 or more in the preceding calendar year.

For more:

https://taxprof.typepad.com/taxprof_blog/2006/04/kansas_faculty_.html

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