Yes, the firm no longer exists, and I'm unable to reach the tax professional. After downloading the tax transaction from the IRS, I noticed that line 7 was blank. I will definitely fill out Form 1040X now. However, I still have some questions:
Will there be any late penalties for filing Form 1040X? I've already completed my 2022 tax return, and the IRS may owe me $3,000 for capital loss.
If Form 1040X is approved, will the IRS issue a $3,000 refund for 2022? Additionally, can I still carry over $3,000 for 2023, $3,000 for 2024, and $1,000 for 2025?
You mentioned holding off on filing the 2023 tax return until the issue is resolved. But if the IRS hasn't resolved it by April 15, 2024, would I need to file extension Form 4868?
I truly appreciate your response."
