1. Depreciation for vehicle in books is based on a 4 years and taxes is 5 years...

2. Fine "penalidad" for polluting...

3. Tax exempt income...

4. Bad Debt expense increases due to Allowance for bad debt using aging method financial reporting purposes.

5. Advance rental receipts in cash basis tax payer.

6. Insurance premium paid for life insurance of officers...

ANSWER ALL WITH:

a. deffered tax assets

b. deferred tax liabilities

c. permanent differences