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

NOTE 5 - INCOME TAXES

No provision was made for federal income tax for the year ended June 30, 2012 and 2011, since the Company had net operating loss.

Net operating loss carry-forwards may be used to reduce taxable income through the year 2032. The availability of the Company’s net operating loss carry-forwards are subject to limitation if there is a 50% or more positive change in the ownership of the Company’s stock.

The net operating loss carry-forward for federal and state income tax purposes is approximately $57,600, generating a Federal deferred tax credit of $8,640 as of June 30, 2012. An allowance of $8,640 has been established.