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Note 5 - Income Taxes: Deferred income tax assets (Tables)
3 Months Ended
Mar. 31, 2014
Tables/Schedules  
Deferred income tax assets

 

 

March 31, 2014

 

December 31, 2013

Loss carry forwards

3,176

 

3,157

Less - Valuation allowance

(3,176)

 

(3,157)

Total deferred income tax assets

0

 

0

 

 

 

 

The Company provided a valuation allowance equal to the deferred income tax assets for period ended March 31, 2014 because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards.

 

 

 

 

 

 

 

As of March 31, 2014, the Company had approximately $21,172 in tax loss carryforwards that can be utilized future periods to reduce taxable income, and expire by the year 2033.

 

 

 

 

 

 

 

The Company did not identify any material uncertain tax positions.  The Company did not recognize any interest or penalties for unrecognized tax benefits.

 

 

 

 

 

 

 

The federal income tax returns of the Company are subject to examination by the IRS, generally for three years after they are filed.