What is the applicable statute of limitations

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Reference no: EM133335623

Assignment:

Donald has a friend, Pluto. Donald asks us to answer a question for Pluto. We want to build the Magic Kingdom relationship, so we are going to answer this one question for Pluto even though he isn't a client. Pluto earned $5,500,000 in 2020 playing baseball. Pluto negligently failed to tell his accountant about the $1,000,000 he earned selling his autograph at baseball card shows. What is the applicable statute of limitations and why?

Reference no: EM133335623

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