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5. Income Tax

12 Months Ended

Dec. 31, 2013

5. INCOME TAX

The Company had net operating loss carry forwards for income tax reporting purposes of $166,144 and $139,556 as of December 31, 2013 and 2012, respectively. These carry forwards may be used to offset against future taxable income and begin to expire in the year 2029. Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs or a change in the nature of the business. Therefore, the amount available to offset future taxable income may be limited.

No tax benefit has been reported in the financial statements for the realization of loss carry forwards, as the Company believes there is high probability that the carry forwards will not be utilized in the foreseeable future. Accordingly, the potential tax benefits of the loss carry forwards are offset by a valuation allowance of the same amount.

Significant components of the Company’s deferred tax liabilities and assets as of December 31, 2013 and 2012 are as follows:

	December 31, 2013			December 31, 2012
Deferred tax asset:
Net operating loss	$	166,144		$	139,556
Income tax rate		35%			35%
Deferred tax asset, gross		58,150			48,845
Less valuation allowance		(58,150	)		(48,845	)
Deferred tax asset	$	-		$	-

Through December 31, 2013, a valuation allowance has been recorded to offset the deferred tax assets related to the net operating losses.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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