Using Date in Cell to Generate Status with Overdue, or 30/60 Day Warning

I am working with a spreadsheet that already had the following formula in it to track OVERDUE, 30 Days and 60 Days away.

Cell $V$1 has the formula =TODAY() to report the current date for comparison.
Cell K2 tracks the date entered in the cell to start annual tracking.

Formala:
=IF(K2<$V$1,"OVERDUE", IF(K2<$V$1+30,"30 Days", IF(K2<$V$1+60,"60 Days", IF(K2>$V$1+61,"-"))))

The issue I am running into is that K2 may be blank if tracking hasn't been started yet for that item.
I cannot figure out how to modify the formula that if the cell (K2) is blank, the formula would return the word "Inventory" in the cell.

I would greatly appreciate any help with this. I also recognize this may not be the best formula for this so other options would be welcome.

deleted post

That worked!

With both versions of the formula, I run into a few scenarios where the current date is within a day or two before or after the =today() output where I receive back a false as the output. For example, today is 7/11/15, I receive back false for the dates of 9/09/15 and 9/10/15. I tested a few other dates in the system and the two days prior to the actual date will show up as False each time. I am concerned with this as someone else will be managing the data and sending email notifications regarding filtering on this and may miss the proper notification as timing is critical.

If there something else I can do to modify the formula to prevent that error?

I am now using the following formula:
=IF(K2=0,"Inventory",IF(K2<$V$1,"OVERDUE", IF(K2<$V$1+30,"30 Days", IF(K2<$V$1+60,"60 Days", IF(K2>$V$1+61,"-")))))

Thank you.

Sara,

Could you post a sample of your workbook, (remove sensitive data 1st), it's hard to work on your last 'False' problem without seeing what else is happening.

Even one row copied into a new sheet would work

Steve

That last formula showed dates that were 30 days out as OVERDUE.

I have attached a sample portion of data with a few of the conditions that would occur. I think this might help.

Thanks again for the help.

An alternative using VLOOKUP

For Clarification:

The Output is Yielding False, the Expected Output should be reflecting 60 Days not False.
The Output in the Cell is - , this means that the cell is active and dates are entered in the system but not yet at a 60 or 30 Day alarm.

Thanks for your help Steve. That fixed it.

Glad to have helped Sara.