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If you change jobs or are laid off, you should decide what to do with your 401(k) funds in your former employer's plan. Before you make a bad choice, click "Full Article" to see what your options are.
An expensive tax penalty can be personally imposed on any person responsible for collecting, accounting for, or turning over taxes to the federal government that are withheld from employees' paychecks. There is often more than one person in a firm who can be hit with the "100 Percent Penalty," also called the Trust Fund Recovery Penalty. Take a look at three cases that illustrate who can be liable.
The sale of a home is a common occurrence in a divorce. If you are going through a marital break-up, depending on how you divide your property and how the divorce papers are worded, you could end up paying taxes on a home sale gain that would otherwise be tax-free. Read the "Full Article" to find out what you need to do to plan ahead and pocket your share of the profits.