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INCOME TAXES
6 Months Ended
Mar. 31, 2013
Income Tax Disclosure [Abstract]  
INCOME TAXES

 

The provision for Federal income tax consists of the following:

 

    March 31, 2013   September 30, 2012
Federal income tax benefit attributable to:                
Current Operations   $ 1,730     $ 9,505  
Less: valuation allowance     (1,730 )     (9,505 )
Net provision for Federal income taxes   $ —       $ —    

 

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

 

    March 31, 2013   September 30, 2012
Deferred tax asset attributable to:                
Net operating loss carryover   $ 33,217     $ 31,486  
Less: valuation allowance     (33,217 )     (31,486 )
Net deferred tax asset   $ —       $ —    

 

At March 31, 2013, Thompson had an unused net operating loss carryover approximating $97,696 that is available to offset future taxable income; it expires beginning in 2030.