maslarcpa Posted March 8, 2008 Report Posted March 8, 2008 Any NC preparers out there that can help me would be appreciated. I have a client who was worked for the military 1962 to 1986, then immediately joined the federal government (state department) from 1986 to 2007 (retired). He has moved to NC & somehow think that because of some 1989 rule - his government pension is not taxable in NC. Only thing I find in the NC website is that he can exclue $4,000 of pension income. Am I missing something? Quote
JohnH Posted March 8, 2008 Report Posted March 8, 2008 Look up the rules under the "Bailey Settlement". I can't remember the specifics, but the NCDR wbe site gives a pretty thorough explanation you can print out & give to the client. http://www.dornc.com/taxes/individual/benefits.html Quote
maslarcpa Posted March 8, 2008 Author Report Posted March 8, 2008 Thanks John - I'm glad I asked - that's immensely helpful! Quote
JohnH Posted March 8, 2008 Report Posted March 8, 2008 Glad to be of service. I gain so much from this forum, it's nice to be able to give a little something back. Quote
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