Use the Taxpayer portal at: Actually, on second thought, that might still not resolve the question, since if SBTPG receives a payment from the IRS that they can't identify as a refund or a stimulus payment, their website says they will process it as a refund and subtract the fees, and send it on to your bank. A search shows this is associated with Intuit. You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? Ask for FREE. 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? Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? "PE2" and nothing more? I worked for the I.R.S. See the TurboTax FAQ link below for more information about why your deposit may be less than expected. Support hours are 5AM-5PM Pacific (8AM-8PM Eastern), Mon-Fri, FAQ: What is the TurboTax phone number?https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632, Or use this contact form:https://support.turbotax.intuit.com/contact. Community Experts online right now. Use their little refund tool there. 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. People may receive compensation for some links to products and services on this website. The IRS has struggled to meet taxpayer expectations. That should have given me a refund of $1807. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. Or are you missing your state refund? They can receive a refund through a check, direct deposit, or ACH transfer. Ach dep tpg products Tax products pr1 Ach tax product . Since you are posting in a thread titled "Tax Products PE3 SBTPG", I presume you chose to pay your product fees out of your Federal refund and have now received a Federal refund from SBTPG (Tax Products Group.) Should I be patient or go straight to defcon 5?? Please call the Treasury Offset Program at 800-304-3107 to find out if this is what happened to you. 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? TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. That bank is only involved if you used a paid version of the software and then chose to have your fees deducted from your federal refund. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. Apparently you requested to have the TurboTax account fees deducted from the federal tax refund. It is likely from the third-party company whose intermediary bank receives your Federal refund from the IRS, subtracts the fees, then sends the rest of your funds to your bank. I did allow my turbo tax fees to be taken out of the fed return but, it was only suppose to be $40 or so. We'll help you get started or pick up where you left off. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. Been with Intuit for going on 6 years now. If their clients have past dues, TPG would collect them from the clients on their behalf. I'll tell you below how to check with SBTPG, and you can ask them if that was your Federal refund that you received or to otherwise explain to you what their deposit to you was for. THIS IS LEGAL ROBBERY. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. So youre saying the deducted taxes out of my federal and I received the remainder of it? No one in the user forum can resolve a billing issue. However, the tax professional may charge you additional fees for tax preparation or other services. So is the IRS "Where's My Refund" tool saying you should receive a deposit by March 4? A respondent said that TurboTax knew about the issue and would issue a refund if the charges for tax preparation were higher than intended. Once on the website click for taxpayers, logging to TPG, then you add your SSN, federal refund amount expected from WMR, and filing status. You can check to see if the PE2 payment is a Federal refund by going to the SBTPG website and using their lookup tool. This service allows tax professionals to collect their client fees from tax refunds. TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. The amount at least raises the question. Unfortunately, the IRS has been delayed in processing returns, and some people wont receive the amount they expected in their tax refund. And remember that if the third party bank is involved you are having your TurboTax fees deducted from your refund and you get the rest. It contains or requests illegal information. But I'm almost positive it wasn't that much of a shortage. But it can't hurt to see what that tool is showing at SBPTG. I'm not familiar with that. I had this show up as a deposit in my checking account "Ext Dep TAX PRODUCTS PE1 ORIG GREEN DOT BANK - SBTPG LLC" for $1226.98. It is offensive or harmful. Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. What does it say about your Federal refund? hot young girl escorts. TPG Product SBTG LLC is a company that was founded in 1991. How do I clear and start over in TurboTax Onli Premier investment & rental property taxes, offset - you owed money and the IRS took yours or. Source: Unsplash, Santa Barbara TPG LinkedIn. BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. My original refund was for $397 and that was confirmed. + Checks up to $7,500 cashed for a cost up to $8. I remember seeing the tax product thing towards the end of me filing. In addition to the product fees and possible sales tax, there is a $40 service fee for that payment option ($45 for California filers). TPG offers tax-related financial products through a network of tax preparation franchises, independent tax professionals and online tax preparation providers. All Rights Reserved. The tax refund fee through Refund Transfer is $ 39.95 if it is done via direct bank transfer. 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. What Is Tax Products Pr1 Sbtpg Llc?. But obviously your fees are not 7500. My refund amount is way off. The IRS will send you a letter of explanation when your refund is less than you expected you can also get this information by looking up your refund at the IRS Wheres My Refund page.. June 4, 2019 3:05 PM What is tax products pe2? That's handled by an intermediary company called SBTPG (aka Tax Products Group.) Enter a Melbet promo code and get a generous bonus, An Insight into Coupons and a Secret Bonus, Organic Hacks to Tweak Audio Recording for Videos Production, Bring Back Life to Your Graphic Images- Used Best Graphic Design Software, New Google Update and Future of Interstitial Ads. The IRS sent your federal refund to the third party processor, Santa Barbara Tax Products Group, so they could deduct the TurboTax account fees and their service charge. (Example, And Explain). When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. Explaining Form W-2? SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. Ironically, a stimulus payment could equal a round figure of $3,900 if there are 2 spouses and 3 dependents. Taxpayers can file taxes online through tax software like TurboTax. Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. This means one of two things happened. The company identifies itself as a consumer-friendly service provider with fair pricing. However, if you didnt actively work with TPG Products, its understandable to wonder, Why did I get a deposit from TPG Products?. 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. Who do I contact regarding the Remainder of My Refund? Tax professionals may issue checks from their office once IRS or state funding is received. Taxpayers can file taxes online through tax software like TurboTax. adjustment - your return was adjusted by the IRS, for example, claiming stimulus you actually received. No upfront fees Tax preparation fees are paid from the refund so there's nothing to pay up-front 1 Jul 14, 2022 Instead, their money was deposited in Santa Barbara Tax Product Group also known as TPG, which is the bank that processes refunds when you Then from that amount subtract your product fees, and the $40 service fee for that payment method ($45 for California filers), plus possible sales taxes. I was suppose to be refunded $936. Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have yourTurboTaxfees deducted from your refund. We'll help you get started or pick up where you left off. Been with Intuit for going on 6 years now. 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. SBTPG is the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. SBTPG is the bank that takes the Turbo Tax fees out of your federal refund. Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. No, SBTPG offers tax services to taxpayers and tax professionals only. This is apparently a common issue among tax-filers this season. I received an unusual sum from "TAX PRODUCTS PE4 SBTPG LLC 20190220" I've never had this happen before. It is more commonly known as TPG. As tax season approaches, the rise. I spent my last 11 years at the I.R.S. I spent my last 11 years at the I.R.S. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. what is this. Online tax preparers and tax professional services need seasonal expenses. And if you save a PDF of the return with all the worksheets you will see this in the Bank Processing information. However, this morning I see a deposit of 700 with the description I set as the title. Personally, my bars didn't change to "sent" until 3-4 days after I got my deposit, but it did provide me an expected deposit date a few days ahead of time. Click onTax Toolson the left side of the online program screen. Ive done the same thing every year and never have my taxes said tax products for the deposit. . TurboTax Premier - Cost: $79.99 + $39.99 for each state return. What all does it say? Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. 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. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new

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