NOTE 7 - Income Taxes

12 Months Ended

Dec. 31, 2011

NOTE 7 – Income Taxes

Tilden Associates Inc. and subsidiaries have elected to file consolidated income tax returns for Federal and New York State taxes. 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:

	Years Ended
	December 31,
	2011			2010
Federal income tax (benefit) at 35% statutory income tax rate	$	(21,774	)	$	(7,807	)

Nondeductible increase in allowance for doubtful accounts		20,839			20,960

State income taxes		3,380			1,822

Change in valuation allowance		935			(13,153	)
Provision for income taxes	$	3,380		$	1,822

Net operating loss carryovers at December 31, 2011 were approximately $875,000 and will expire in years from 2012 to 2031. The Company does not anticipate fully utilizing these carryovers in 2012.

- 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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+ Details

Carrier Alliance Holdings, Inc. 10-K