When divorce happens to a small-business owner, you can face significant tax consequences. Some have to do with your business, and some don’t.

In fact, there are more consequences than we can cover in a single article, so this is the second article on divorce-related tax issues.

To see the first article, click here.

How to Split Up Qualified Retirement Plan Accounts without Shooting Yourself in the Foot

Do you have a qualified retirement plan set up for your business—such as a profit-sharing plan, 401(k) plan, or defined benefit pension plan? If so, you will probably be required to give your soon-to-be-ex a percentage of the money in your account as part of the divorce property settlement.

The trick is to do this without putting yourself on ... Log in to view full article.