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INCOME TAXES

6 Months Ended

Dec. 31, 2014

NOTE 8 – INCOME TAXES

As of December 31, 2014, the Company had net operating loss carry forwards of $49,411 that may be available to reduce future years’ taxable income through 2031.


		As of December 31, 2014

Deferred tax assets:
Net operating tax carryforwards	$	17,294
Other		-
Gross deferred tax assets		17,294
Valuation allowance		(17,294)

Net deferred tax assets	$	-

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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