Company: IVHI
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001683168-25-001303
Chunk: 332

Company: Invech Holdings, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 332
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The provision for Federal income tax consists of the following December
31: 

    Schedule of provision for federal income tax 

    2024  
    2023 
  
    Federal income tax benefit attributable to: 

    Current Operations 
    $(12,700) 
    $(13,600)
  
    Change in valuation allowance 
     12,700  
     13,600 
  
    Net provision for Federal income taxes 
    $–  
    $– 

The cumulative tax effect at the expected
rate of 21% of significant items comprising our net deferred tax amount is as follows: 

    Schedule of net deferred tax assets 

    2024  
    2023 
  
    Deferred tax asset attributable to: 

    Net operating loss carryover 
    $(64,500) 
    $(51,800)
  
    Less: valuation allowance 
     64,500  
     51,800 
  
    Net deferred tax asset 
    $–  
    $– 

At December 31, 2024, the Company had net operating
loss carry forwards of approximately $64,500 that may be offset against future taxable income. No tax benefit has been reported
in the December 31, 2024 or 2023 consolidated financial statements since the potential tax benefit is offset by a valuation allowance
of the same amount.

Due to the change in ownership provisions of the
Tax Reform Act of 1986, net operating loss carry forwards for Federal income tax reporting purposes are subject to annual limitations.
Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

ASC 740, Income Taxes, provides guidance on the
accounting for uncertainty in income taxes recognized in a company’s financial statements. ASC 740 requires a company to determine
whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position.
If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the consolidated
financial statements.

The Company files income tax returns in the U.S.
federal jurisdiction, and various state and local jurisdictions. Federal income tax returns prior to fiscal year 2018 are closed.

The Company includes interest and penalties arising
from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of December 31