maslarcpa Posted March 8, 2008 Report Share 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 Link to comment Share on other sites More sharing options...
JohnH Posted March 8, 2008 Report Share 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 Link to comment Share on other sites More sharing options...
maslarcpa Posted March 8, 2008 Author Report Share Posted March 8, 2008 Thanks John - I'm glad I asked - that's immensely helpful! Quote Link to comment Share on other sites More sharing options...
JohnH Posted March 8, 2008 Report Share 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 Link to comment Share on other sites More sharing options...
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