Annual report pursuant to section 13 and 15(d)

Note 1 - Overview and Summary of Significant Accounting Policies: Income Taxes (Policies)

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Note 1 - Overview and Summary of Significant Accounting Policies: Income Taxes (Policies)
 12 Months Ended
Sep. 30, 2012
Policies  
Income Taxes

Income Taxes

 

Deferred income taxes are determined using the liability method under which deferred tax assets and liabilities are based upon temporary differences between the carrying amounts of assets and liabilities for financial and tax reporting purposes and the effect of net operating loss carry-forwards.  Deferred tax assets are evaluated to determine if it is more likely than not that they will be realized.  Valuation allowances have been established to reduce the carrying value of deferred tax assets in recognition of significant uncertainties regarding their ultimate realization.