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.
The portion of your settlement paid for pain and suffering and emotional distress is usually not taxable. The IRS considers such payments reimbursement for your actual injuries. A physical injury can be diagnosed in medical terms, but the pain and suffering associated with that same injury cannot.