Some jurisdictions extend immunity from tax for a specified period of time (a tax holiday) to new or relocated businesses.

Explain why permanent differences have no deferred tax consequences.

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Which of the following statements about extensions of time to file certain business income tax returns is true? a)It is required of mostentities to us e electronic funds transfer to make all federal tax deposits. b) The IRS will send taxpayers a notification if their request for an extension is approved. c) Property filing the form wil not automatically give taxpayers the maximum  extension of time to file allowed. d) The maximum extension of the to file allowed from the due date of the taxpayer's business return is generally three months.