Income Taxes

6 Months Ended

Mar. 31, 2022

Business

7. Income Taxes

7. Income Taxes:

The Company's provision (benefit) for income taxes was as follows:
	03/31/2022			09/30/2021
Current
Federal	$	-		$	-
State		-			-
Foreign		-			-
		-			-
Deferred
Federal		(13,128	)		(17,844	)
State		(1,875	)		(2,458	)
Total	$	(15,004	)	$	(20,302	)
The income tax provision differs from the amount of tax determined by applying the Federal statutory rate as follows:
	03/31/2022			09/30/2021
Income tax provision at statutory rate:	$	(15,004	)	$	(20,302	)
Increase (decrease) in income tax due to:
Change in Valuation Allowance		15,004			20,302
	$	-		$	-

Net deferred tax assets and liabilities were comprised of the following:
	03/31/2022			09/30/2021
Long-term deferred tax assets (liabilities)
Net Operating Loss	$	(627,257	)	$	612,253
Valuation Allowance		627,257			(612,253	)
	$	-		$	-

The tax benefit for the period presented is offset by a valuation allowance established against deferred tax assets arising from operating losses and other temporary differences, the realization of which could not be considered more likely than not. In future periods, tax benefits and related tax deferred assets will be recognized when management considers realization of such amounts to be more likely than not.

The Company’s earliest tax year that remains subject to examination by all tax jurisdictions was September 30, 2016.