NOTE 8 - Income Taxes

9 Months Ended

Sep. 30, 2011

NOTE 8 – Income Taxes

Tilden Associates Inc. and its subsidiaries have elected to file a consolidated income tax return for Federal and New York State income tax purposes. Tax expense is allocated to each subsidiary based on the proportion of its taxable income to the total consolidated taxable income.

A reconciliation of the expected income tax expense (benefit) to reported income tax follows:

	Nine Months Ended September 30,
	2011			2010
Federal income tax (benefit) at 35% statutory income tax rate	$	(3,614	)	$	(32,573	)

Nondeductible increase(nontaxable decrease) in allowance for doubtful accounts		9,238			15,031

State income taxes		3,164			—

Change in valuation allowance		(5,624	)		17,542
Provision for income taxes	$	3,164		$	—

Net operating loss carryovers at December 31, 2010 were approximately $535,000 and will expire in years from 2011 to 2030. The Company does not anticipate fully utilizing these carryovers in 2011.

- 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.

+ References

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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+ Details

TILDEN ASSOCIATES INC 10-Q