This did not happen last time. The funds were sent to SBTPG and 481.76 of the total was deposited into my account. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. Tax products group tpg 3 doller dopsit . According to the IRS refund link my refund was deposited on April 4th, so I call Santa Barbara Tax products Group, LLC April 6th and all they can say is that they haven't received it. what was this deposit for? I spent my last 11 years at the I.R.S. SBTPG stands for Santa Barbara Tax Products Group. SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. Taxpayers can file taxes online through tax software like TurboTax. reply by email or better yet call me or give me a number to call. I suspect you used Online Deluxe. This is a debit/credit card processing service to make payment processing from clients easy. Check with them to see if they can provide you with an answer. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. PE1 and PE2 are tax refund codes that show up on your bank statement when you receive a tax refund applied through SBTPG. . what is this. 2010-2023 Santa Barbara Tax Products Group, all rights reserved. Must be enrolled in the standard Refund Transfer program to qualify for standard pricing; all discount programs offered through TPG are subject to other pricing. What Is TPG Products SBTG LLC? I did get an email a month and a half again stating it will be deposited soon. I went to go check my refund in my bank account and it is coming from a company called TPG PRODUCTS DES:SBTPG LLC and is $200 less than it should be. Definition, Example and more. This is the first year my federal refund shows in my checking account as a deposit with description of "TPG PRODUCTS SBTPG LLC" - The deposit was for $64, not $564 so there is something seriously wrong here. If it was the IRS that reduced your refund, there may be a message in the "Where's My Refund" tool if it was due to an offset. A refund from a filed tax return, including an amended tax return or an IRS tax adjustment to your tax account this will show as being from the IRS (IRS TREAS 310) and carry the code TAX REF.. Visit the IRS Get My Payment page for more information about the status of payments and the date a payment is scheduled to be direct deposited or mailed as a check or Economic Impact Payment Card. TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. Tax professionals can charge their service charges separately as well. However, you only mentioned that you were waiting on your state refund. Waiting is frustratingrefunds are taking longer in many cases. Did you use Turbo Tax online? But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. So my federal return was $411. Tax preparation fees are paid from the refund so there's nothing to pay up-front1, Secure, fast payment with convenient refund disbursement options, Tax refund is available the same day the IRS issues the automated payment. They are short staffed; and they are processing millions of tax returns at the same time that they have been burdened with the task of processing millions of stimulus checks. I got much less than expected and will not be using you guys again if this is the case. How to Calculate Adjusted Gross Income for E-Filing Your Taxes? I am not sure how much time will I be spent trying to get this money, but if I choose to use Turbo tax next year, I will make sure pay everything in advance to avoid SBTPG. TPG offers tax-related financial products through a network of tax preparation . The first stimulus payments are expected to reach taxpayers' bank accounts starting March 17, and the IRS expects to deliver most stimulus payments within the next 3 weeks. Once the refund amount is issued to TPG, all associated tax preparation fees are withheld and paid, and the remaining refund amount is issued to the taxpayer. in Mand Been with Intuit for going on 6 years now. You should call the SBTPG and see if they sent you someone else's refund. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. It means tax professionals do not need to chase their clients for professional service charges. We don't know what the $230 includes unless you list the products you used. These are not normal times. According to Santa Barbara Tax Products Group, it takes all associated fees out of your tax refund, making it easy to pay for tax preparation. The company also says that your tax refund is available the same day it's issued by the IRS, so there shouldnt be any delays. The refund is from Santa Barbara Tax Products Group. The . Taxpayers can choose to file and receive their tax refunds through TPG in different ways. It looks like the forum privacy filter redacted your email address above for your privacy/security. Every year my refund says US Treasury/IRS when the deposit shows up to my account why on earth would the IRS send my information to a 3rd party that I dont do business with and from what Im understanding of this thread they subtract a fee? If you chose to have your TurboTax fees deducted from your federal refund, that is handled by the third party bank. Whats tax products pr1 sbtpg llc. You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? Very soon you might get a direct deposit from TPG Products SBTPG LLC! The Federal refund you are due will be the figure on your Form 1040, Line 35a, minus the TurboTax product fees, and minus the $40 (or $45) service fee for that payment option. I dont owe any child support , no judgments, dont owe the IRS back taxes. Really--are you blaming TurboTax for the pandemic that caused the IRS to become backlogged? Did you choose to pay any TurboTax product fees out of your Federal refund? Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. IRS and it matches turbo tax refund info. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. Visit the IRS Coronavirus Tax Relief page or the IRS Economic Impact Payment Information page for the latest information. I filed my federal and state refund got my federal and still waiting on my ny state refund it was excepted on 02/04/2013.just want a solid answer al; Tax products . There is also a $40 service charge for the totally optional service. Even when they are closed, you may be able to get automated info, or you can log in as above. Therefore, when youll receive the refund, it will be less than what the IRS pays to you. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. You didn't say anything about your Federal refund. do ir. That was where the issue lies. This is a user community forum. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.). For instance, if you want to sign up for an early tax refund with TPG. These are not specific tax products offered by SBTPG. Here are a few key products offered to tax professionals and online tax preparers. Part of the fees deducted will be the service fee for paying out of the Federal refund. We'll help you get started or pick up where you left off. I removed your attached files. Taxpayers that requested a check printed from their tax professional's office or Walmart Direct2Cash may receive their 3rd stimulus payment by paper check mailed to the last known address on file with the IRS, or on anEconomic Impact Payment Cardwhich is a prepaid debit card issued by US Treasury. 44. In this public forum, we cannot diagnose why your refund has been reduced. After going through the process of preparing your annual tax return, you naturally want to receive your full tax refund and get it promptly. Tax returns may be filed electronically without applying for this loan. The amount I was suppose to have gotten back is $970. I did my taxes myself and sent them straight to the IRS I dont use any software. Here's something else you can check. I got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. Taxpayers that filed their 2019 tax return are not required to sign up or pay a fee in order to receive an Economic Impact Payment. A search shows this is associated with Intuit. If I have to pay a fee Iwill never use turbo tax again . Then SBTPG's bank sends the rest of the Federal refund to your bank . Clients that choose GO2bank are notified when their refund is ready, you can earn a $39.95 incentive. It comes with a fee of $30 for every $1,000 after November 30 and $45 for every $1,000 before this date. TPG Products refers to Santa Barbara Tax Products Group. Do not click on a link or email if you do not recognize who it is from. I put 500 towards estimated taxes from 2020 and put 1000 for estimated taxes this yr that i put in from 2020 so it he 64 was correct. Santa Barbara Tax Products Group-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. For example, for a loan of $2,000 with a repayment period of 30 days, the total amount payable in a single payment is $2,059.16 including principal and interest. See this FAQ for what is included in California: FAQ: What is the Premium Services bundle? PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. PE1 and PE2 are tax refund codes to denote a refund transaction coming from SBTPG. . https://turbotax.intuit.com/tax-tools/efile-status-lookup/">https://turbotax.intuit.com/tax-tools/ef https://ttlc.intuit.com/questions/1900596-what-is-the-refund-processing-service">https://ttlc.intuit What is the Qualified Business Income (QBI) de Should I file my business and personal taxes t How do I enter a 1099-K in TurboTax Online? IRS shows my return processed to bank (obviously without fee deducted). What to Look For When Choosing an Auditing Firm? @martinholden410. $1600? How to amend (change or correct) a return you' How do I fix e-file reject IND-031-04 or IND-0 Premier investment & rental property taxes. Santa Barbara Tax Products Group-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. If enrolled through a service bureau, please check with bureau associate for details on incentive payment. (Example, And Explain). GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. Fees and limitations apply. Estimate your tax refund and where you stand. I have a similar issue. I have life lock and I have a clean SSI according to them. in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Thats not helpful. ACH credit is an electronic payment method that you may use to pay tax liabilities. Tax professionals can offer a refund service to their clients using TPG products. Source: Unsplash, Santa Barbara TPG LinkedIn. Money can be deposited into a checking or savings account. To log in, go to the page below, choose the Taxpayer portal, then choose "Check with TPG.". Many refunds are taking longer during the pandemic. The refund only goes though the 3rd party bank when you have the fees deducted from a refund. Again, if you do not remember getting these payments you can go back through your bank records from July-December. Since TPG does not have any visibility into the status, amount or timing of EIP stimulus payments we are unable to answer any questions regarding these payments. 8 Must be enrolled in our Standard Refund Transfer program. Visit the IRS Get My Payment FAQs page for more details. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. 4 Pre-ACK Fast Cash Advance available Jan. 2. What do TAX PRODUCTS PE4 SBTPG LLC means?Santa Barbara Tax Products Group-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal.The refund is sent to them, the fees are deducted, and then the . https://ttlc.intuit.com/questions/1900596-what-is-refund-processing-service">https://ttlc.intuit.com How to amend (change or correct) a return you' How do I fix e-file reject IND-031-04 or IND-0 Premier investment & rental property taxes. Taxpayer pays a separate fee for this service. Tax refund and e-filing are required in order to receive this product. I HAVE found a lot of complaints about TAX PRODUCTS PE1 SBTPG LLC who you do business with . The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. If not, I've provided a link below. I have used that payment option before without any issues.