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).
Most audits can only go back three years (from the date you file your tax return), but in some dire cases where fraud or severe tax underpayment is suspected, the IRS can audit you back to six years (again, from the date you file your tax return). Six years worth of business receipts is a lot of paper. But fortunately, nothing says you have to keep the receipt in itâs original paper form. You can file them away or digitize them. Itâs up to you.