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Hello. I am interested in buying a condo in a small building. In reviewing the financials, my lawyer found that the building hasn’t filed taxes since its inception a few years ago. He said they will need to file but the penalty will be waived and that no taxes are due. Of course I am now dubious about this. The lawyer also said this is quite common–for small buildings not to file taxes. Please advise. I don’t want to buy into a building with problems. PS The treasurer of the building is reportedly talking to an accountant.