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Default Nested formula

Cell A1 contains a date and is formatted as a date
Cell B1 should show the text NO COMPETENCY if A1 is blank, however, if A1 is
populated with a date, B1 should equal A1+(365*2)
Cell C1 should be blank if A1 is blank, however, if the date in B1 is less
than TODAY() display "EXPIRED", otherwise display "VALID".
I have tried to use IF and OR functions to do this but I obviously have the
syntax wrong is it merely returns VALUE#! for any option.
HELP!!!!
 
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