Income Taxes Disclosures

12 Months Ended

Oct. 31, 2014

NOTE 6 - INCOME TAXES

We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Accounting for Uncertainty in Income Taxes when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn in-come sufficient to realize the deferred tax assets during the carry forward period.

The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of 2014 is as follows:

	October 31,
		2014		2013

Net operating loss	$	81,895	$	8,535

Deferred tax asset, net of state benefit, at applicable rates		30,800		2,900
Less valuation allowance		30,800		2,900
Net deferred tax asset	$	--	$	--

The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the years ended October 31, 2014 and 2013.

Under the Internal Revenue Code of 1986, as amended, these losses can be carried forward twenty years. As of October 31, 2014 the Company has net operating loss carry forwards of approximately $90,430, which begin to expire in 2033. This carry forward may be limited upon the con-summation of a business combination under IRC Section 381.

The Company has not taken any uncertain tax positions, however, has open tax years subject to audit by the Internal Revenue Services, for the from the year of inception, 2013.

- 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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Stark Naked Bobbers 10-K