I suppose the answer would be seven. There were six shark attacks that resulted in death: the girl at the very beginning, the dog, the little boy (Alex Kintner), the guy in thâ¦e lagoon who gets his leg bitten off, Ben Gardner, and Quint the shark hunter.
Code Section 451(d) provides that, under certain circumstances, crop producers reporting on the cash method of accounting may elect to include crop insurance and disaster payments in income of the tax year following the taxable year of crop destruction or damage.
Therefore, if your life insurance policy pushes your estateâs value over the threshold, then it becomes a taxable estate. In 2016, that threshold is $5.45 million. The life insurance proceeds are taxable if your estate is subject to estate tax, however, this is only true if you own your own policy. If your spouse or beneficiaries own the policy, if wonât be counted with your estate.