But no person constitutionally ineligible to the office of President shall be eligible to that of Vice-President of the United States. The Twelfth Amendment (Amendment XII) to the United States Constitution provides the procedure for electing the President and Vice President.It replaced Article II, Section 1, Clause 3, which provided the original procedure by which the Electoral College functioned.ut no person constitutionally ineligible to the office of President shall be eligible to that of Vice-President of the United States. The Twelfth Amendment (Amendment XII) to the United States Constitution provides the procedure for electing the President and Vice President.
So it ends up being either 4 or 7 years. You should think of it in terms of the number of tax returns they go back, rather than in time. After all, in an audit, they want that many years worth of data, which comes in 12 month chunks (April 16 of last year to April 15 of the current year).
Some sources say three years â which is the maximum number of years the IRS has for auditing your tax returns under general circumstances. Most CPAs and tax attorneys will tell you that you should keep your tax returns for at least seven years, and that is the better advice. The IRS can reach back six years if they determine your income has been underreported by more than 25%. Even if you didnât, you have to be ready in case the IRS thinks you did.