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).
You can be randomly audited up to three years after the date you filed the return. But if If you've under-reported your income by 25 percent, the IRS can go six years back, or seven if you claim a loss for bad debt or worthless securities. So keep your tax documents for seven yearsâjust to be safe.(And, by the way, you can be audited at any time if the IRS suspects you of fraud.). Store your tax documents in a secure place, such as a locked file cabinet, a safe, or in password-protected files on your computer.ut if If you've under-reported your income by 25 percent, the IRS can go six years back, or seven if you claim a loss for bad debt or worthless securities. So keep your tax documents for seven yearsâjust to be safe. (And, by the way, you can be audited at any time if the IRS suspects you of fraud.).