Blakely Copeland Cahoon’s Answers

Blakely Copeland Cahoon

Columbia Estate Planning Attorney.

Contributor Level 6
  1. If divorce settlement proceeds were to be paid out of husband's 401k, am I responsible for paying the taxes and penalties

    Answered almost 6 years ago.

    1. Blakely Copeland Cahoon
    2. Gabriel Cheong
    2 lawyer answers

    I would advise speaking with your divorce attorney regarding a Qualified Domestic Retirement Order (QDRO). There are limited tax consequences to divorce settlements when done correctly. The Order should help you determine how to address the potential tax issues you are running into.

    1 lawyer agreed with this answer

    1 person marked this answer as helpful

  2. Am I entitled to a refund if I overpaid on my federal income tax

    Answered almost 6 years ago.

    1. Gabriel Cheong
    2. Blakely Copeland Cahoon
    2 lawyer answers

    If you are owed a refund from tax year 2006 you will need to file an amended tax return for that tax year. I would advise taking all of your tax paperwork including a copy of your return to a new accountant for assistance. You can also use tax software with your original paperwork (W2, 1099 and other tax information) to determine what, if any amount, you may be owed.

    1 lawyer agreed with this answer

  3. What action can I take against the IRS for refusal to pay me my 2002 income tax refund

    Answered almost 6 years ago.

    1. Chad Dennis Hansen
    2. Blakely Copeland Cahoon
    2 lawyer answers

    The answer to your questions depends on how late you were filing your federal income tax return. A taxpayer generally only has three (3) years to file for a refund. If you were within that three year time period then you should file for the refund. If you are outside of the time limit then the Internal Revenue Code would limit your ability to receive the money now.

    1 lawyer agreed with this answer