tax products pr1 sbtpg llc deposit

I filed my refund in April with TurboTax and still haven't recieved it. What Is TPG Products SBTG LLC? - Wikiaccounting Several other comments mention similar issuesseeing a deposit from TPG Products, but the deposit isn't their expected tax refund amount. Contact Us - Santa Barbara Tax Products Group However, if you didnt actively work with TPG Products, its understandable to wonder, Why did I get a deposit from TPG Products?. I worked for the I.R.S. I called turbotax and the support gentleman fully explained to me the charges . Up to $7,000 available Jan. 2 thru Mar. My refund was meant to be $1343. 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. This is a user community forum, not a direct route to TurboTax Support. If you have 2 kids and you see $6,000 on line 28 then the IRS records show that you already received $3,000 in Advanced Child Tax Payments, but you entered that you did not receive any. ), https://turbotax.intuit.com/tax-tools/efile-status-lookup/. Market Realist is a registered trademark. last time I use turbo tax. PE1 and PE2 are tax refund codes to denote a refund transaction coming from SBTPG. . For EIP2s made by ACH Direct Deposit with a settlement date of Monday, January 4, 2021, an RDFI is required to make funds available for cash withdrawal by 9 a.m. (in the RDFI's local time) on that date. If not, I've provided a link below. Partner with tax debt resolution specialists to provide above and beyond protection to your clients without investing time and resources to offer these services internally.9, Get a no cost loan and purchase your tax preparation software today. Ive done the same thing every year and never have my taxes said tax products for the deposit. This is apparently a common issue among tax-filers this season. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. Did you use Turbo Tax online? Tax products pr1 sbtpg llc ach. Gov site. It said $230 to file. Skip to content. Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. Tax professionals can charge their service charges separately as well. Thanks. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+. 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 refund and e-filing are required in order to receive Refund Transfer. Tax Products PE4 SBTPG is the bank that processes your refund that it receives from the IRS to deduct your fees and then send it on to your bank. A state refund comes directly from the state. I was told that is what to get. the same happens to me they were short $1500 on my return. Menu. What is tax products pr1 sbtpg llc? - Ask Me Fast The tax refund fee through Refund Transfer is $ 39.95 if it is done via direct bank transfer. You do not need to use them. If you have a prepaid card or a bank that releases your deposit early, you will see your money in your account in the afternoon around 3 or 4pm. I feel sorry for the tax payers who really need this money and the amount is a lot more than what was deposited. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales tax. I did get an email a month and a half again stating it will be deposited soon. * Automated reminders save you time and help you avoid no-shows. Then SBTPGs bank sends the rest of the Federal refund to your bank account. The Intuit website has a question posted on March 8, 2022. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. You said "bank checking account" above. How can we help you? - Santa Barbara Tax Products Group TurboTax is committed to protecting your personal information. https://ttlc.intuit.com/community/account-management/help/how-many-turbotax-accounts-do-i-have/00/26 How do I clear and start over in TurboTax Onli Premier investment & rental property taxes. The deposit was for $197.03. If you look at line 30 of your 1040 and it shows an amount there, and you already received the $1,400 per person last year when they sent out the stimulus payments, this is likely the reason. The file names were concerning. Waiting is frustratingrefunds are taking longer in many cases. I suspect you used Online Deluxe. TPG Products SBTPG LLC - be ready to get a deposit from this company Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. It also shows their business hours. 4 Customer must obtain a Refund Transfer (separate fees apply). i called and the line was busy and said to try back later or tomorrow. When you apply for a tax refund through TPG or one of its partners, you allow them to deduct their charges from your refund. I am sure you have lost a number of customers for this. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. DEPOSIT FROM TPG PRODUCTS (SBTPG LLC) : r/tax Copyright 2023 Market Realist. Sbtpg Llc Tax Productscom is an independent complaint resolution Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Find our contact information including our hours of operation. There is also a $40 service charge for the totally optional service. I would hope that those responsible for setting up thesethese financial arrangements are made aware of the additional work and the poor customer service we have experienced. Unfortunately, the IRS has been delayed in processing returns, and some people wont receive the amount they expected in their tax refund. Refund Transfers are not loans. im just using the numbers that are listed in my order details. It has been a failure on their part. SBTPG has several tax services and each one comes with different costs. Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. The truth is that it was a failure of leadership to choose such a poorlyvettedparty to do business with. I filed 2/17 and were accepted an hr later. I got a $500sum tax return last year(2019)this year its supposed to be almost $1000 BUT I got a deposit from that same weird name "tax products PE2etc" that was $800 something..Now I am aware it came from Santa Barbara Tax Prod or whatever which is linked to Turbo Tax for processing but WHY am I getting this money? Must be enrolled in Standard Refund Transfer program to qualify. What information is incorrect? For your privacy and security, please do not post personal info in this public forum. instead of it a; Federal property tax products pe1 SBTPG already deposited some of the money, so why are they holding the remainder up now? The check limit at Walmart in Connecticut is $6,000 and Florida is $1,999.99 per person per day. So my federal return was $411. I am sure you have lost a number of customers for this. I'm a bit confused right now. i am in the same boat here i was suppose to get 943 and got 521 over 400 dollars less than my tax return stated on turbo tax. If I had asked Turbotax to cut a check would there have been such a fee? 17. You apparently chose the option to have your TurboTax fees paid from your federal refund. If I have to pay a fee Iwill never use turbo tax again . I spent my last 11 years at the I.R.S. SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. The Recovery Rebate is ONLY for those who did not get the. Online tax preparers and tax professional services need seasonal expenses. All loans have an Annual Percentage Rate (APR) of 35.99%. 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. Tax products pe2 . 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. Oh and you might check 1040 line 30 to see if you claimed an amount for the 1st or 2nd stimulus. (Solution). Up to $175,000available to qualified tax pros.11. Are PE1 and PE2 Different types of Tax Products? The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. You can look on your IRS account and look up account/record transcripts which are summarized or detailed. Many tax filers are scratching their heads after receiving a deposit labeled TPG Products. The IRS encourages people to file tax returns electronically and select direct deposit options. I removed your attached files. 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. You need your filing status, your Social Security number and the exact amount (line 20 of your Form 1040) of your federal refund to track your Federal refund: https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund, https://ttlc.intuit.com/questions/1901548-why-do-some-refunds-take-longer-than-others. I spent my last 11 years at the I.R.S. No telling who might try to contact you and spam/scam you. Shouldn't it be $237.02? Article continues below advertisement. If you were short, ask yourself if you got your stimulus (1400-4200), advanced child care credits ($250/mos), or if you did an estimated tax payments. in Mand Been with Intuit for going on 6 years now. Because I have nothing better to do than work my FT job, take care of my house, 2 kids, 2 dogs and cat. The direct deposit came from "tax products pe1 sbtpg llc." After doing a bit of looking around, I tracked it back to Santa Barbara Tax Products Group. If you efiled you might have upgraded to a higher version and didn't notice the fees if they were selected to be deducted from your refund. How to check my refund status with IRS; See all 9 articles Checks. I would suggest turbo tax dropping TPG Products in the future because ya'll are definitely going to have a lot of complaints and/or lawsuits coming. TPG offers tax filing and refund services to taxpayers directly as well. The page that show you the turbotax charges does not show the actual amount that is taken from your federal and state. Clients that choose GO2bank are notified when their refund is ready, you can earn a $39.95 incentive. I worked for the I.R.S. Must be enrolled in Standard Refund Transfer program to qualify; all discount programs offered through TPG are excluded from this program. Very soon you might get a direct deposit from TPG Products SBTPG LLC! No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. If so, was this deposit you received the Federal refund or the state refund? Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. Turbo Tax doesn't know when you get the refund or when the IRS sent it. What message are you seeing? Smh. 2022 Guide to Get W2 Form From Kroger (For Current & Previous Employee). Learn more about where checks can be cashed.3, Cashier's checks issued by TPG may be cashed at over 11,000 locations nationwide, + Checks up to $7,500 cashed for a cost up to $84, + Available at participating Walmart stores thru December 31, + Available at any Wells Fargo bank location thru December 31. PE1 and PE2 are tax refund codes that show up on your bank statement when you receive a tax refund applied through SBTPG. I dont owe any child support , no judgments, dont owe the IRS back taxes. January 13, 2021 IRS news release about COVID-19 scams. Or had you already received your Federal refund? https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions, https://ttlc.intuit.com/questions/2840013-does-accepted-mean-my-refund-is-approved. 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. Available while supplies last. what was this deposit for? It would help them secure a debit card with excellent features. I received an unusual sum from "TAX PRODUCTS PE4 SBTPG LLC 20190220" I've never had this happen before. 11085 N Torrey Pines Rd Ste 210, La Jolla, CA 92037-1015. How are fees paid? Business Profile for Santa Barbara Tax Products Group 10 Advance is subject to approval. The payment should be received beforeany communication from the IRS is received by mail. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. What do TAX PRODUCTS PE4 SBTPG LLC means? Do they process federal and state returns separately? I received Ilan unusual sum from tax product SBTPG LLC is it the same sum from IRS ? An IRS letter is coming so maybe that will give me some answers. Turbo Tax guarantee promises were keptby Turbo Tax. Apr 06, 2012 11:10 am EDT. the tax preparer stated that i would get my refund within 7-10 days. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. Here's something else you can check. Starting January 2 each year, they can offer up to $ 6,000 of fast cash to their clients. Available to new and existing TPG clients starting in November.11, Get an advance on your tax preparation fees so you get paid in days, not weeks. $1600 to SBTPG? for 33 years. Ask your provider about other IRS e-file options . TAX PRODUCTS PE1 TYPE: SBTPG LLC DATA: BTSN CO: TAX PRODUCTS PE1 - Intuit A search shows this is associated with Intuit. Consumer Tax/Taxpayer. Still dealing with the large backlog of returns from last year, in addition to added complexities due to changes in the child tax credit and COVID-19 pandemic-related stimulus checks, the IRS still may not provide full tax refunds as quickly as most people would prefer. My refund amount is way off. I am an Enrolled Agent. Examples include the direct deposits for any government benefits, tax refunds or earnings you receive and for certain tax payments you might make. I figured it out from the deposit into my account and several other sources. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The IRS Get My Paymenttool is scheduled to be updated on March 15. TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. Check with them to see if they can provide you with an answer. So the next time you see tax products pe1 in your report, you most likely had your tax return filed by an outside firm like Jackson Hewitt or thru software like Turbo Tax/TaxAct. Fees apply. SBTPG did not contact me at all. 2022 but it does not show on her account. I worked for the I.R.S. Tax professionals can offer a tax refund quickly to their clients through this service. 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. Whats tax products pr1 sbtpg llc. Currently, check cashing at Walmart is not available in NJ and NY. Victims or targets of Economic Impact Payment scams should report it immediately to the Federal Trade Commission at www.ftc.gov/complaint. Share your calendar so new and existing clients can book an appointment from your website, Facebook page, email or Google. Software Purchase Assistance advances provided by Green Dot Corporation. @martinholden410. However, this morning I see a deposit of 700 with the description I set as the title. 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 . A deposit from Tax Products PE1 is most often a Federal refund for those people who chose the option to pay their TurboTax fees out of their Federal refund. Similarly, your Fast cash loan will incur interest costs as well. It mainly serves taxpayers through a wide range of tax services offered by its tax professional partners, individuals, and online tax preparers. I figured it out from the deposit into my account and several other sources. 11 Must opt-in by December 31 to qualify. Since no one from the IRS picks up the phone and u can speak to a live person, Im going to have to make an appointment with my local office. They obviously have my routing number for my bank account and have already deposited some. NEW! December 28, 2020. If this happened, Turbo Tax uses a third party processing service to process your refund. Clients that select the Refund Transfer can now open a GO2bank account and access their refund using a, . TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. why dont u reply to my message? There may have also been sales taxes, if applicable. Needless to say, I won't be using Turbo tax EVER AGAIN. The company identifies itself as a consumer-friendly service provider with fair pricing. How do I file a nonresident state return? If you used the CD/download product to file your return, the only place you can find the 2018 tax return would be on your computer. If so, only the Federal refund goes through SBTPG. What did you mean by the term "total refund" above? What do TAX PRODUCTS PE4 SBTPG LLC means? I spent my last 11 years at the I.R.S. It was founded in 1991 and is now a Green Dot company since 2014. The amount of the loan and applicable interest will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer from the refund. Its on the home screen. TPG Product SBTG LLC is a company that was founded in 1991. Been with Intuit for going on 6 years now. Ask your preparer about other IRS e-file options, some of which are provided at no additional cost. What doTAX PRODUCTS PE4 SBTPG LLCmeans? in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. However, TurboTax hasn't posted an official response. The Recovery Rebate Credit is a special one-time benefit that most people received last year in the form of an Economic Stimulus Payment. What do TAX PRODUCTS PE4 SBTPG LLC means? Tax Pro Website Login to your account at . SBTPG stands for Santa Barbara Tax Products Group. In this public forum, we cannot diagnose why your refund has been reduced. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. 3. Even when they are closed, you may be able to get automated info, or you can log in as above. This is mainly a user community forum, so TurboTax folks will not see your posting. 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. These are not specific tax products offered by SBTPG. You should call the SBTPG and see if they sent you someone else's refund. It's always the exact amount on my return. 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. Again, the IRS will catch this and make the changes to your return. Neither has the IRS. About Santa Barbara TPG. Available to new and existing TPG clients starting in November. There may have also been sales taxes, if applicable. I am an Enrolled Agent. Go back and review your return. TurboTax does not have copies of returns filed using the CD/download product. $39.95 incentive paid by 6/30/23 for . PO Box 508 West Chester, OH 45071 | A Green Dot Company NMLS ID 914924 | Technology Privacy Statement, IRS Economic Impact Payment Information page, IRS Economic Impact Payment Information Center. The FAST CASH service comes at an APR of 35.99% on your advance refund. In any case, if they reduced it, they should send you a letter in 3 or so weeks explaining why. Tax professionals can offer a refund service to their clients using TPG products. My cash app say Pe4 but my turbo tax hasn't updated. IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. 4. Advances subject to approval. The total refund was about 1600.00 . What to Look For When Choosing an Auditing Firm? what was this deposit for? if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. I filed my fedral tax return with jackson hewitt on january 19 and haven`t gotten my refund yet, i call the irs and they said it should be february 7, Does your refund come back quicker with the assisted refund from jackson hewitt the online filing? This notice to the taxpayer will indicate the payment amount, whether the payment was mailed or direct deposited, and a phone number to call if the taxpayer did not receive the payment. why is there an extra $39.99 charged outside of whats already been listed? 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. The extra fee is for that optional "pay out of refund" option. Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. BTW, this is a public Internet forum. 8 Must be enrolled in our Standard Refund Transfer program. SBTPG offers different types of tax-related services to taxpayers and tax professionals. Then SBTPG's bank sends the rest of the Federal refund to your bank . Once the IRS or State deposits a Taxpayer's refund, all associated fees are deducted from the refund amount and your tax preparation fees are direct deposited into your bank account on file with TPG. IRS shows my return processed to bank (obviously without fee deducted). The TaxSlayer.com online support page states that it's used for processing tax refunds for people who choose to have their tax preparation fees deducted from their refund. 2010-2023 Santa Barbara Tax Products Group, all rights reserved. Not all consumers will qualify for a loan or for the maximum loan amount. Just federal and state plus sales tax? Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. Solved: What do TAX PRODUCTS PE4 SBTPG LLC means? - Intuit Tax products group tpg 3 doller dopsit . 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.