INCOME TAXES	12 Months Ended
Dec. 31, 2018
Notes to Financial Statements
Note 5 - INCOME TAXES	We have identified our federal and Arizona state tax returns as “major” tax jurisdictions. The periods our income tax returns are subject to examination for these jurisdictions are prior to our formation on June 22, 2017, or 2013 through 2016. We believe our income tax filing positions and deductions will be sustained on audit, and we do not anticipate any adjustments that would result in a material change to our financial position. Therefore, no liabilities for uncertain income tax positions have been recorded. Any net loss carryforward may be subject to the 382 limitation upon a change in control as defined therein. As of December 31, 2018, the net loss carryforward for the Company was $40,299, which was subject to a Federal Tax rate of 21%. Portions of these carry-forwards will expire through 2038, if not otherwise utilized. Management has determined the realization of a deferred tax asset is not assured and, therefore, the total amount is offset by a valuation allowance, resulting in a zero net deferred income tax asset. 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. Under ASC 740 “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 carryforwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period. The Company has not taken a tax position that, if challenged, would have a material effect on the financial statements for the year ended December 31, 2018 applicable under ASC 740. As a result of the adoption of ASC 740, we did not recognize any adjustment to the liability for uncertain tax positions and therefore did not record any adjustment to the beginning balance of accumulated deficit on the balance sheet.

INCOME TAXES

12 Months Ended

Dec. 31, 2018

We have identified our federal and Arizona state tax returns as “major” tax jurisdictions. The periods our income tax returns are subject to examination for these jurisdictions are prior to our formation on June 22, 2017, or 2013 through 2016. We believe our income tax filing positions and deductions will be sustained on audit, and we do not anticipate any adjustments that would result in a material change to our financial position. Therefore, no liabilities for uncertain income tax positions have been recorded.

Any net loss carryforward may be subject to the 382 limitation upon a change in control as defined therein. As of December 31, 2018, the net loss carryforward for the Company was $40,299, which was subject to a Federal Tax rate of 21%. Portions of these carry-forwards will expire through 2038, if not otherwise utilized. Management has determined the realization of a deferred tax asset is not assured and, therefore, the total amount is offset by a valuation allowance, resulting in a zero net deferred income tax asset.

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. Under ASC 740 “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 carryforwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period.

The Company has not taken a tax position that, if challenged, would have a material effect on the financial statements for the year ended December 31, 2018 applicable under ASC 740. As a result of the adoption of ASC 740, we did not recognize any adjustment to the liability for uncertain tax positions and therefore did not record any adjustment to the beginning balance of accumulated deficit on the balance sheet.

Sustinere Holdings, Inc. 10-K