(ibid. p.49) as a citation in the text or a footnote means that this reference is to the same source as the one immediately before it. (Smith op.cit. p. 49) means that you've referred to the Smith book before, but there are references to other things between the first reference to Smith and this one.f you're using numerical references, then your first footnote or endnote has all the information in it. After that, it makes sense to use a shortened form of the footnote. So John Smith, , (London: Routledge, 1998) p. 23 can become Smith, Analysis p. 49 in the second note, or even Smith (1998) p. 49.
As long as your employer is not the direct beneficiary of the policy, you have to declare such premium payments as taxable income, with some exceptions. A policy with a face value, or the amount paid out on death, that does not exceed $50,000 is counted as a non-taxable fringe benefit. If the employer provided policy exceeds a $50,000 face value, the portion of the premium going towards the face value over $50,000 must be declared on your tax return.
For those estates that will owe taxes, whether life insurance proceeds are included as part of the taxable estate depends on the ownership of the policy at the time of the insured's death.ne of the benefits of owning life insurance is the ability to generate a large sum of money payable to your heirs in the event of your death. An even greater advantage is the federal income-tax free benefit that life insurance proceeds receive when they are paid to your beneficiary.