Income Taxes

12 Months Ended

Dec. 31, 2011

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 4 INCOME TAXES

The provision for income taxes consists of the following:

	2011			2010
Current tax	$	—		$	—
Deferred tax benefit		(2,732	)		(2,936	)
Benefits of operating loss carryforwards		2,732			2,936
Provision for Income Tax	$	—		$	—

Below is a summary of deferred tax asset calculations on net operating loss carry forward amounts as of December 31, 2011.

Description	NOL Balance		Tax			Rate
Net Operating Loss	$	697,070	$	237,004		34	%
Valuation Allowance				(237,004	)
Deferred Tax Asset – 12/31/2011			$	—

A valuation allowance is provided when it is more likely than not that some portion of the deferred tax asset will not be realized.  Currently there is no reasonable assurance that the Company will be able to take advantage of a deferred tax asset. Thus, an offsetting allowance has been established for the deferred asset.  The valuation allowance has increased by $2,732, from $234,272, as of December 31, 2010.

The Company has the following operating loss carry forwards available at December 31, 2011:

Operating Losses
Expires	Amount
2020	$	38,250
2021		12,382
2022		17,151
2023		14,274
2024		529,784
2025		32,564
2026		6,488
2027		7,905
2028		14,696
2029		6,905
2030		8,636
2031		8,035
Total	$	697,070

Reconciliation between income taxes at the statutory tax rate (34%) and the actual income tax provision for continuing operations follows:

	2011			2010
Expected Tax Provision	$	(2,732	)	$	(2,936	)
Effect of:
Increase in Valuation Allowance		2,732			2,936
Actual Tax Provision	$	—		$	—

Uncertain Tax Positions

The Company has not made any adjustments to deferred tax asset or liabilities.  The Company did not identify any material uncertain tax positions of the Company on returns that have been filed or that will be filed.  The Company has not had operations and is carrying a Net Operating Loss as disclosed above.  Since it is not unlikely that the Net Operating loss will ever produce a tax benefit, even if examined by taxing authorities and disallowed entirely, there would be no effect on the financial statements.

A reconciliation of our unrecognized tax benefits is presented in the table below:

	2011		2010
Beginning Balance	$	0.00	$	0.00
Additions based on tax positions related to the current year		0.00		0.00
Reductions for tax positions of prior years		0.00		0.00
Reductions due to expiration of statute of limitations		0.00		0.00
Settlements with taxing authorities		0.00		0.00
Ending Balance	$	0.00	$	0.00

The Company has filed income tax returns in the U.S. and Canada.  All years prior to 2008 are closed by expiration of the statute of limitations.  The tax year ended December 31, 2008, will close by expiration of the statute of limitations on April 15, 2012.  The years ended December 31, 2009, 2010 and 2011 are open for examination.