Taxpayers age 50 or above aren't only older and wiser; they can make bigger retirement plan contributions, too! Case in point: SIMPLE-IRA participants in this age range may be eligible for enhanced catch-up contributions this year. We explain who qualifies and how to take full advantage, depending on your age and employer size.

A harsh and expensive tax penalty can be personally imposed on any person responsible for collecting, accounting for, or turning over taxes to the federal government that were withheld from employees' paychecks. There's often more than one person in a firm who can be hit with the Trust Fund Recovery Penalty, which is also called the 100% Penalty. This article shows you how it works.

Dividing assets in a divorce can involve complex financial issues and planning ahead can make a big difference. This article explains some of the tax implications of real estate, personal property, investments, business ownership interests and similar assets — both before the divorce and after it becomes final.