Comments on: a tax question? http://netclubusa.net/irs-tax-return/a-tax-question/ Be smart, do your taxes on time! Fri, 06 Jul 2012 04:39:35 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tax Man http://netclubusa.net/irs-tax-return/a-tax-question/comment-page-1/#comment-4308 Tax Man Tue, 27 Jul 2010 04:30:45 +0000 http://netclubusa.net/irs-tax-return/a-tax-question/#comment-4308 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. 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.

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