Annual report pursuant to section 13 and 15(d)

Note 5 - Income Taxes

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Note 5 - Income Taxes
12 Months Ended
Sep. 30, 2012
Notes  
Note 5 - Income Taxes

Note 5 - Income Taxes

 

As of September 30, 2012 the Company had net operating loss carry forwards of approximately $(41,648) that may be available to reduce future years’ taxable income through 2017.  Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a full valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. 

 

The components of the deferred tax asset, the statutory tax rate, the effective tax rate and the elected amount of the valuation allowance are indicated below:

                                               

                                                 From September 16, 2009 (Inception)

                                                          To September 30, 2012

                                                                 

Net Operating Loss                                     $41,648

Statutory Tax Rate                                           34%

Deferred Tax Asset                                        $14,160

Valuation Allowance                                     $(7,100)

Net Deferred Tax Asset                                  $ 0