Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 166

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7A
Chunk 166
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 income tax rate to pretax income from
continuing operations for the year ended December 31, 2024 and 2023, due to the following:

 SCHEDULE
OF INCOME FROM CONTINUING OPERATIONS

    Year ended
                                                                               December 31, 2024  
    Year ended
                                                                               December 31, 2023 
  
    Income taxes
    at statutory rate 
    $437,925  
    $1,052,169 
  
    State taxes – net
    of federal benefit 
     (6,641) 
     31,600 
  
    Valuation allowance 
     581,800  
     1,809,765 
  
    Foreign derived intangible
    income 
     (420,033) 
     (781,561)
  
    Interest 
     260,511  
     260,317 
  
    Other 
     41,378  
     (193,878)
  
    Total
    income tax provision (benefit) 
    $894,940  
    $2,178,412 

    F-26

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

At
December 31, 2024 and December 31, 2023, the Company had federal and state net operating loss carryforwards of approximately $2.4
million (tax effected) and $3.0
million (tax effected), portions of which will begin to expire in 2025. Utilization of some of the federal and state net operating
losses carryforwards are subject to annual limitations due to the “change in ownership” provisions of the Internal
Revenue Code of 1986 and similar state provisions. The annual limitations may result in the expiration of net operating losses
before utilization.

The
Company will recognize penalties and interest accrued related to unrecognized tax benefits as a component of income taxes. As of December
31, 2024, the Company had $18,764 of accrued interest and penalties related to state income tax uncertain tax positions, in which $4,144
has been recognized in the Company’s statements of operations in the current year.

The
Company is required to file income tax returns in various States. The Company is subject to income tax examinations by federal and state
taxing authorities. The taxable years that are open under