v3.22.2.2
INCOME TAXES
 12 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES

Note 8 – INCOME TAXES

 

As of September 30, 2022, the Company had net operating loss carry forwards of approximately $20,934 that may be available to reduce future years' taxable income in varying amounts through 2041.

 

Future tax benefits which 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 valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

 

The 21% tax rate provision for Federal income tax consists of the following:

 

  September 30,
2022		   September 30,
2021		 
Federal income tax benefit attributable to:          
Current operations  $(20,934)  $(11,949)
Related party accruals   –    – 
Less: change in valuation allowance   20,934    11,949 
Net provision for Federal income taxes  $–   $– 
           

 

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

 

   September 30,
2022		   September 30,
2021		 
         
Deferred tax asset attributable to:          
Net operating loss carry over  $8,985   $11,949 
Related party accruals   –    – 
Less: valuation allowance   (8,985)   (11,949)
Net deferred tax asset  $–   $–