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NOTE A - SUMMARY OF ACCOUNTING POLICIES AND NATURE OF OPERATIONS: Income Taxes (Policies)
12 Months Ended
Dec. 31, 2023
Policies  
Income Taxes

Income Taxes

 

We account for income taxes utilizing the liability method, where deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting purposes, using enacted statutory tax rates in effect for the year in which the differences are expected to reverse. The effects of future changes in tax laws or rates are not included in the measurement.

 

We file income tax returns in the U.S. federal jurisdiction and various state and local jurisdictions.