Note 5 - Income Taxes

3 Months Ended

Mar. 31, 2014

Notes

Note 5 - Income Taxes

NOTE 5 – INCOME TAXES

The provision (benefit) for income taxes for the period ended March 31, 2014 was as follows (assuming a 15% effective tax rate):
	Three Months Ended March 31, 2014
	$
Current Tax Provision
Federal-
Taxable income	0
Total current tax provision	0
Deferred Tax Provision
Federal-
Loss carry forwards	19
Change in valuation allowance	(19)
Total deferred tax provision	0
The Company had deferred income tax assets as of March 31, 2014 and December 31, 2013 as follows:

	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.