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Qualifying Energy Star™ items include dishwashers, clothes washers, air conditioners, ceiling fans, light bulbs, dehumidifiers, and refrigeratorsQualifying WaterSense™ items include bathroom sink faucets, faucet accessories such as aerators and shower heads, toilets, urinals, and landscape irrigation controllers Detailed list of Energy Star™andWaterSense™itemsTax Chapter 2: What is the purpose of tax planning? How do we conduct tax planning? How could tax planning lead to unethical behavior?-The purpose of tax planning for businesses to prepare for upcoming financial events, make projected plans, or try to get the most beneficial and efficient return. Accountants that work in the tax system are responsible for not only for their clients, but are also charged with upholding the tax law. Tax planning is based on the IRC, past legislature and past tax practices just to name a few resources. Entities want the lowest taxable income for the most part, or may venture better using other strategies, and it’s the tax accountant’s job to determine the best course of action for the company. There are many gray areas in taxation, and it would be easy to find borderline ethical court cases, or other interpretations of ways to circumvent tax liability.Theory Chapter 15: Please compare and contrast tax basis of accounting to cash and accrual methods?SummaryWhat your thoughts are on the discussions this week.How can you use this knowledge at work or athome?What objectives do you still want to know more about?What can be done differently next week to make our First Messages more meaningful for you?