Income Taxes

3 Months Ended

Jun. 30, 2015

Note 4 - Income Taxes

As of June 30, 2015, the Company has net operating loss carryforwards of approximately $123,000 subject to certain change of control limits, to reduce future federal and state taxable income through 2035.

The Company currently has no federal or state tax examinations in progress nor has it had any federal or state examinations since its inception. All of the Company’s tax years are subject to federal and state tax examination.

The benefit from income taxes consists of the following:

	For the Three Months Ended June 30, 2015			For the Three Months Ended June 30, 2014
Current Expense:
Federal and State	$	-		$	-
Deferred tax benefit:
Federal and State		5,000			3,000
Valuation allowance		(5,000	)		(3,000	)
Total	$	-		$	-

The income tax benefit differs from the amount computed by applying the federal statutory income tax rate to the loss before income taxes due to the following:

	For the Three Months Ended June 30, 2015			For the Three Months Ended June 30, 2014
Statutory federal income tax rate		(34	)%		(34	)%
Valuation allowance		34	%		34	%
Effective income tax rate		0	%		0	%

Dutchess Holdings Corp. 10-Q