LO$\mathrm{.}5,6$ Assume you are a self$-$employed CPA providing tax services. In March $2024,$ Kuni asks you to prepare his Federal income tax returns for tax years $2021,2022,$ and $2023.$ In discussing this matter with him, you discover that he also has not filed for tax year $2020.$ When you mention this fact, Kuni tells you that the statute of limitations precludes the IRS from taking any action as to this year.

Is Kuni correct about the application of the statute of limitations$?$ Why or why not?

If Kuni refuses to file for $2020,$ should you prepare returns for $2021$ through $2023?$ Explain.

What ethical guidelines should you consider in determining whether to accept Kuni as a new client?