If my deposit storage is not corrected I will not be using Turbotax next year. In the United . 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. Don't go by the total of your Federal and state refunds, if applicable. So someone from this company is either ripping taxpayers off or they keyed in the wrong deposit information. TurboTax does not have copies of returns filed using the CD/download product. for 33 years. Where to cash a TPG-issued check; Account what was this deposit for? 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. For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients.2 You only pay for fees that are successfully collected. Shouldn't it be $237.02? Santa Barbara Tax Products Group [SBTPG] - tax refund An IRS letter is coming so maybe that will give me some answers. 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. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. But you say you haven't filed a tax return? 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 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. In February 2022, similar issues were posted on Intuit.com. in Mand Been with Intuit for going on 6 years now. I was told that is what to get. Here's the fun part, the amount deposited into my account was $409. 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 . If you pay the fees upfront with a credit card before you file you get your full refund directly from the IRS. 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. Have a question for Santa Barbara Tax Products Group (TPG)? You did not enter that you received the stimulus payment in TurboTax, so your return said you were getting the money back, but the IRS caught it and said, no, you already received it. 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. . Clients that choose GO2bank are notified when their refund is ready, you can earn a $39.95 incentive7, and you receive additional free marketing resources for your office.8, Have balance due clients that require tax debt resolution and IRS representation services that you don't offer? Starting January 2 each year, they can offer up to $ 6,000 of fast cash to their clients. 4 Customer must obtain a Refund Transfer (separate fees apply). Community Experts online right now. In-season Fast Cash Advance available first day of filing. * Automated reminders save you time and help you avoid no-shows. (This line has no information on Economic Impact Payments. This is ridiculous and needs to be fixed.NOW. ", I filed my taxes with turbo tax and my refund was 4900 and when I got my refund it was only 1800 and have seen a couple people having the same issue. webtaxpayer - Santa Barbara Tax Products Group I have life lock and I have a clean SSI according to them. How can we help you? - Santa Barbara Tax Products Group where is the r; My ipad3 isn`t allowing me to install my apps. I dont owe any child support , no judgments, dont owe the IRS back taxes. Because I have nothing better to do than work my FT job, take care of my house, 2 kids, 2 dogs and cat. (This line has no information on Economic Impact Payments.). Establish a web presence with a landing page to attract clients and promote the products and services you offer. 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. Was it indeed your return? where did the other 45.00 go? How Long Does It Take for SBTPG to Release Funds in 2022? If I had asked Turbotax to cut a check would there have been such a fee? It is another short-term financing facility from TPG that lets tax professionals receive an advance payment when they make a tax filing through TPG. Your ONLY source of information about your refund now is the IRS. 13Separate fees apply for the Marketing Pro service. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. I know most do but its because they dont know how to file for free. Business Profile for Santa Barbara Tax Products Group Lock in the best software renewal costs without paying out of pocket.10, Get up to $40,000 in cash flow to help with season startup expenses. This did not happen last time. I am an Enrolled Agent. How do I contact Santa Barbara Tax Products Group (SBTPG)? Tax professionals may issue checks from their office once IRS or state funding is received. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. Don't send clients to a competitor. Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Departments bank account. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. It is commonly known as the Tax Products Group (TPG). It is more commonly known as TPG. SBTPG already deposited some of the money, so why are they holding the remainder up now? If needed, you may also call SBTPG at 877-908-7228. Get answers 24/7 at Support.sbtpg.com. They deduct the money that you owe for TurboTax plus a fee to pay with refund. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. It incurs interest costs at an APR of 35.99% currently. Terms and conditions are subject to change without notice. Many refunds are taking longer during the pandemic. The FAST CASH service comes at an APR of 35.99% on your advance refund. My turbotax fees where $173.98. Collect fees all year long for professional services you offer.3, Compete with large tax offices and attract or retain more clients with a tax time advance. If you are in California, then you also get additional benefits with the "pay out of the refund" option. 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. I suspect you used Online Deluxe. Normal tax refunds will be processed within two days after the IRS sends them to TPG. December 28, 2020. If it was from Tax Products Group, then that would be the Federal refund. It may show there what they received from the IRS and how much in fees they took out. You can check what the fees were at this link: https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? I worked for the I.R.S. This product is not a loan. Who do I contact regarding the Remainder of My Refund? 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. What are Tax Products PE1 and PE2 SBTPG LLC Deposits? 5 Fast Cash Advance is an optional tax-refund related loan provided by First Century Bank, N.A., member FDIC (it is not the actual tax refund) and is available at participating locations. All loans have an Annual Percentage Rate (APR) of 35.99%. It also shows their business hours. It says directly that the total price (taxes included) is $173.98. What Is Tax Products Pr1 Sbtpg Llc? I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. 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. IRS tax refund deposit must be received by 5/31/23. 4 Pre-ACK Fast Cash Advance available Jan. 2. What message are you seeing? Something was not reported correctly on your return and the IRS recalculated your return causing you not to have a refund. Did you mail your return in or efile? SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. Note: The refund amount will be less than what you expect because you opted to pay the tax filing fee through the refund amount when applying through SBTPG. 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. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. There may have also been sales taxes, if applicable. Fees and limitations apply. Save time with automated email and text message updates sent directly to your clients. SBTPG did not contact me at all. Then SBTPG's bank sends the rest of the Federal refund to your bank . I only received 4k back from 10k. And is your Federal refund on your Federal return Form 1040, Line 21a approx. Thats not helpful. But we can tell you some things to check. *Available with the free Google or Facebook integration. January 13, 2021 IRS news release about COVID-19 scams. Step by Step Guidance with Example, What is the Price Discrimination? So that adds up to $120 (or $125 if you are in California.). Apr 06, 2012 11:10 am EDT. **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. **, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. What's the status of my refund? Smh. It means tax professionals do not need to chase their clients for professional service charges. TPG offers tax-related financial products through a network of tax preparation . Our mission is to provide taxpayers with best-in-class products and to help tax professionals grow their business while at all times holding ourselves accountable to the highest standards. A Green Dot Company | NMLS ID# 914924 | Technology Privacy Statement, Accelerate the growth of your tax practice. Advances subject to approval. 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. vettedparty to do business with. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). Tax products pe1 sbtpg llc orig university b showed a deposit into my bank account for 1288 my returns should have been about 500 more. Get a no cost loan and purchase your tax preparation software today. The IRS has also created a Recovery Rebate Credit FAQ page with answers to questions about claiming the Recovery Rebate Credit.The IRS is updating the FAQs on these pages regularly. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. An ACH credit refers to an electronic financial deposit from one bank to another. That was where the issue lies. Then SBTPGs bank sends the rest of the Federal refund to your bank account. What information is incorrect? 12 Available to returning clients with 100+ applied Refund Transfers. It offers tax products to taxpayers and tax professionals. I am an Enrolled Agent. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. Nacha estimates that 113 million EIP2s will be made by ACH Direct Deposit. For example, both Intuit, the maker of TurboTax, and TaxSlayer.com have been fielding questions in their online forums since early in 2022 about why TPG Products is showing up on tax forms. Scammers and identity thieves are already taking the opportunity to prey upon taxpayers with phone calls, text messages and emails. **Disclaimer: Every effort has been made to offer the most correct information possible. TAX PRODUCTS PE1 TYPE: SBTPG LLC DATA: BTSN CO: TAX PRODUCTS PE1 - Intuit Once the refund amount is issued to TPG, all associated tax preparation fees are withheld and paid, and the remaining funds are issued to the taxpayer. Do they process federal and state returns separately? We continue to send Economic Impact Payments weekly in 2021 as 2020 tax returns are processed. The file names were concerning. What happens if my direct deposit is returned? Skip the wait to get paid with a fee advance. 3. Tax sbtpg products llc for pe5. Or had you already received your Federal refund? I am sure you have lost a number of customers for this. SBTPG stands for Santa Barbara Tax Products Group. It's always the exact amount on my return. About Santa Barbara TPG. I checked with my IRS ID.ME account and shows a overpayment of $564. If you paid your TurboTax fees, your refund will be processed by SBTPG. But based on a fee of $125 we can take a guess at what you might have used. Tax Product PR2 SBTPG LLC : r/tax - reddit Sorry you're having trouble, but you're preaching to the choir here. Fees apply. last time I use turbo tax. If you want to remove anything else, such as your name, you can edit your question by clicking the 3-dot icon just to the right of your question title, then choosing Edit. Tax returns may be filed electronically without applying for this loan. you entered $5,500 for your W2 box 1 instead of $15,500). Tax professionals can charge their service charges separately as well. We'll help you get started or pick up where you left off. I am having this same problem. 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. They have been serving the consumers with tax-related financial products and services. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. A state refund comes directly from the state. News; Upgrade to TPG; Products. Tax professionals can use its products to offer tax filing, refunds, and advance refund services. The refund is from Santa Barbara Tax Products Group. My cash app say Pe4 but my turbo tax hasn't updated.

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