INCOME TAXES	12 Months Ended
Dec. 31, 2019
INCOME TAXES
NOTE 5 - INCOME TAXES	The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because it has experienced operating losses since inception. Accounting for Uncertainty in Income Taxes when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. Year Ended December 31, December 31, 2019 2018 Net loss for the year $(3,385) $(21,324)Effective Tax rate 21% 21%Tax Recovery (711) (4,478)Increase in Valuation Allowance 711 4,478 Net tax recovery $- $- We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period. The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of December 31, 2019 and 2018 is as follows: Year Ended December 31,2019 December 31,2018 Net operating loss carryforward $46,405 $45,694 Less: Valuation Allowance (46,405) (45,694)Net deferred asset $- $- The Company has not filed tax returns from inception to December 31, 2019. All tax years are subject to examination by the tax authority. At December 31, 2019, the Company has estimated that $221,000 in net operating losses (“NOLs”), on completion of the Company’s tax filings, would be available to offset future taxable income, which would expire between 2032 and 2037. NOLs generated in tax years prior to December 31, 2017, can be carryforward for twenty years, whereas NOLs generated after December 31, 2017 can be carryforward indefinitely in accordance with Section 382 of the U.S. Internal Revenue Code, the usage of the Company’s net operating loss carry forwards are subject to annual limitations following greater than 50% ownership changes.

INCOME TAXES

12 Months Ended

Dec. 31, 2019

The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because it has experienced operating losses since inception. Accounting for Uncertainty in Income Taxes when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. Year Ended December 31, December 31, 2019 2018 Net loss for the year $(3,385) $(21,324)Effective Tax rate 21% 21%Tax Recovery (711) (4,478)Increase in Valuation Allowance 711 4,478 Net tax recovery $- $- We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period. The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of December 31, 2019 and 2018 is as follows: Year Ended December 31,2019 December 31,2018 Net operating loss carryforward $46,405 $45,694 Less: Valuation Allowance (46,405) (45,694)Net deferred asset $- $- The Company has not filed tax returns from inception to December 31, 2019. All tax years are subject to examination by the tax authority. At December 31, 2019, the Company has estimated that $221,000 in net operating losses (“NOLs”), on completion of the Company’s tax filings, would be available to offset future taxable income, which would expire between 2032 and 2037. NOLs generated in tax years prior to December 31, 2017, can be carryforward for twenty years, whereas NOLs generated after December 31, 2017 can be carryforward indefinitely in accordance with Section 382 of the U.S. Internal Revenue Code, the usage of the Company’s net operating loss carry forwards are subject to annual limitations following greater than 50% ownership changes.