本文发表在 rolia.net 枫下论坛As of December 31, 2012, the Company had net operating losses (“NOL”) for federal income tax purposes in UK of $1,000,000 with no expiration date. For New York state income tax purposes, the Company also had an investment tax credit carry-forward of $150,000 expiring through 2021.

In connection with the preparation of the financial statements, the Company performed an analysis to ascertain if it was more likely than not that it would be able to utilize, in future periods, the net deferred tax assets associated with its NOL carry-forward and its investment tax credit carry-forward. We have concluded that the positive evidence outweighs the negative evidence and, thus, that those deferred tax assets not otherwise subject to a valuation allowance are realizable on a “more likely than not” basis. As such, we have not recorded a valuation allowance at December 31, 2012, and 2011, respectively.

The 2009 through 2012 tax years remain subject to examination by the Internal Revenue Service (“IRS”) and other taxing authorities for U.S. federal
and state purposes. The 2009 through 2012 tax years remain subject to examination by the applicable governmental authorities in UK.更多精彩文章及讨论，请光临枫下论坛 rolia.net