I recently became one of the owners of a commercial building that my grandfather built in New Jersey following my grandmothers passing As new owners, we kept all of the existing property management, accounting and tax services intact for the year to become familiar with what being a landlord entails.
Today I received a large bill from Dugan, Colthart & Zoch, P.A. for preparation of the 2015 tax returns. The invoice consisted of a single line "preparation of 2015 Business Tax Returns" and a fee. I would have expected more details about the fee which seems high to me, but it was filed on time and we had no issues from the IRS. read more