XML 32 R13.htm IDEA: XBRL DOCUMENT

7. INCOME TAXES

3 Months Ended

Mar. 31, 2014

The provision for Federal income tax consists of the following for the three months ended:

	March 31, 2014			March 31, 2013
Federal income tax benefit attributable to:
Current loss from operations	$	10,100		$	11,000
Less: valuation allowance		(10,100	)		(11,000	)
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, 2014		December 31, 2013
Deferred tax asset attributable to:
Net operating loss carryover	$	133,409	$	123,309
Less: valuation allowance		-133,409		(123,309	)
Net deferred tax asset	$	-	$	-

At March 31, 2014, the Company had an unused net operating loss carryover approximating $392,318 that is available to offset future taxable income; it expires beginning in 2028.

- 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.

+ References+ Details