(6)	INCOME TAXES

Aurum files its income tax returns on an accrual basis.

The Company follows the accounting requirements associated with uncertainty in income taxes using the provisions of FASB ASC 740, Income Taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of January 31, 2014, the Company has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

The Company is required to file tax returns in the United States.

	USA 2013 $			Total 2013 $
Deferred tax assets

Net operating loss carry-forward		659,242			659,242
Less valuation allowance		(659,242	)		(659,242	)
Net deferred taxes		-			-

The Company has available net operating loss carry forwards which are subject to limitations aggregating approximately $1,938,900 which would expire in years 2028 through 2033.

The Company’s tax returns for all years since fiscal 2010 remain open to examination by the respective tax authorities. There are currently no tax examinations in progress.