I was wondering if i have to file my taxes if i’m currently umemployed and have been since 2004 because of a car accident,and I have no income besides the settlement money from the car accident. And if i do what form should i fill out. Thanks
a tax question?
This entry was posted in IRS tax return and tagged accident, car, car accident, form, Income, money, question, settlement, settlement money, Tax, tax question. Bookmark the permalink.
One Response to a tax question?
If the settlement was for damages only, you do not need to file a return. If some of the settlement was punitive, then you may have to file, depending on how much was punitive. If you will contact AARP in your area, they have free sites for assisting low income people with their tax problems. They will find an answer for you, at no cost to you.
Report this comment