This Week's LessonWeek of February 5
Our lesson this week examines the topic of Severance Agreements - Tax Considerations. The Executive Summary provides a concise review of the key points. Before we get started, test your knowledge by completing the following quiz.
Pastor Ralph has been the senior pastor of his church for 20 years. Pastor Ralph, and the church, agree that the time has come for a change in pastoral leadership. The church board would like to enter into a severance agreement with Pastor Ralph. What tax issues should be considered?