Normal tax refunds will be processed within two days after the IRS sends them to TPG. You apparently chose the option to have your TurboTax fees paid from your federal refund. what was this deposit for? for 33 years. . When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. All loans have an Annual Percentage Rate (APR) of 35.99%. Santa Barbara Tax Products Group, or SBTPG, is also sometimes abbreviated as "TPG Products" on tax forms. To check on regular tax refund status via automated phone, call, . Victims or targets of Economic Impact Payment scams should report it immediately to the Federal Trade Commission at www.ftc.gov/complaint. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. 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. Just now getting a letter. They deduct the money that you owe for TurboTax plus a fee to pay with refund. If not, then IRS is just too slow in updating the refund status page for you. A state refund comes directly from the state. what was this deposit for? If so, only the Federal refund goes through SBTPG. Founded in 1991, Santa Barbara Tax Products Group (TPG) became a Green Dot company in 2014. im just using the numbers that are listed in my order details. ACH credit is not the preferred payment option for most taxpayers. 1 This product provided by Santa Barbara Tax Products Group, LLC enables certain deductions from the account to be processed. Ichecked with theIRS and it matches turbo tax refund info. 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. Learn more about where checks can be cashed. Fees for other optional products or product features may apply and will be disclosed at the time of application. You mentioned the IRS. I only received 4k back from 10k. It incurs interest costs at an APR of 35.99% currently. Here is their website link, that has their contact information. 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? Sorry you're having trouble, but you're preaching to the choir here. I have filed several e-files and i check where is my refund it states incorrect information (ss; filing status and/or refund amount) whats wrong? The IRS Get My Paymenttool is scheduled to be updated on March 15. 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. The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. How do I contact Santa Barbara Tax Products Group (SBTPG)? Do not provide your SSN or bank account information to anyone calling you and claiming to be from the IRS or another government agency. Tax Product PR2 SBTPG LLC : r/tax - reddit Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Thank you for the response. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. Menu. Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days. 3 Check with your tax professional or software provider for availability. All discount programs offered through TPG are excluded from this program. 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. Do not click on a link or email if you do not recognize who it is from. SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. A deposit was added to my account by TAX PRODUCTS PE3 for SBTPG LLC Advances provided by Green Dot Bank, Member FDIC. 7 Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. Did you talk to an IRS agent, and they confirmed that the IRS did not reduce your refund, and that they sent approx. LOL. + Checks up to $7,500 cashed for a cost up to $8. Your email address will not be published. TPG Product SBTPG LLC is a company that was founded in 1991. 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. I am an Enrolled Agent. 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? 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. Something was not reported correctly on your return and the IRS recalculated your return causing you not to have a refund. What Is Sales Tax And How To Calculate It? Visit the IRS Economic Impact Payment Information Center for more details about stimulus payment eligibility, amounts and more. There is also a $40 service charge for the totally optional service. For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients. (Solution). I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. For your privacy and security, please do not post personal info in this public forum. What is tax products pe1 sbtpg - Alicia Lynn Bethals | Facebook I spent my last 11 years at the I.R.S. You owed back taxes, child support, student loansor something else that caused your refund to be. what is this. Tax refund and e-filing are required in order to receive this product. why is there an extra $39.99 charged outside of whats already been listed? Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. We continue to send Economic Impact Payments weekly in 2021 as 2020 tax returns are processed. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. 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. The third-party company in the description suggests that is a Federal refund if you indeed chose to pay product fees out of your Federal refund. We'll help you get started or pick up where you left off. Fees apply. There is an EXTRA 39.99 for that Refund Processing Service. The . This would show on line 28 of your return. You should have received a letter if this was the case. Yes. TAX PRODUCTS PE1 SBTPG LLC credited and debited my return same day (amount was with fee deducted as expected). Is the missing amount explained by a state refund that you haven't yet received? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Get a jump on competitors with pre-built promotional email and text message templates. I got much less than expected and will not be using you guys again if this is the case. Oh boy. 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. It is not possible for TurboTax to speed up the IRS for you. Then SBTPG's bank sends the rest of the Federal refund to . Track client activity, including marketing activity, conversations, documents, and more from an easy-to-use Client Retention Management (CRM) system. 4 Pre-ACK Fast Cash Advance available Jan. 2. To log in, go to the page below, choose the Taxpayer portal, then choose "Check with TPG.". Fees apply. Tax products pr1 sbtpg llc. I have used that payment option before without any issues. The refund only goes though the 3rd party bank when you have the fees deducted from a refund. Your website includes a secure client portal for exchanging documents with clients. One other user (not officially affiliated with Intuit) responded that tax refunds are processed by a third-party company, which matches up with information about Santa Barbara Tax Products Group. Money can be deposited into a checking or savings account. It's always the exact amount on my return. Here are a few key products offered to tax professionals and online tax preparers. I know most do but its because they dont know how to file for free. You would need to explain that more, including what products you used. Oh and you might check 1040 line 30 to see if you claimed an amount for the 1st or 2nd stimulus. Again, the IRS will catch this and make the changes to your return. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) Check with transmitter for availability. If so, why is this a partial deposit and where is the rest?. Whats tax products pr1 sbtpg llc. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. 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? Business Profile for Santa Barbara Tax Products Group Iwont use them again!!! 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. The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. How are fees paid? - TPG - Santa Barbara Tax Products Group The page that show you the turbotax charges does not show the actual amount that is taken from your federal and state. 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. You didn't say anything about your Federal refund. If so, was this deposit you received the Federal refund or the state refund? About Santa Barbara Tax Products Group (TPG) - a Green Dot company How to check my refund status with IRS; See all 9 articles Checks. SBTPG offers different types of tax-related services to taxpayers and tax professionals. for 33 years. 2022 but it does not show on her account. 6 Cards issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. * Automated reminders save you time and help you avoid no-shows. 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. A state refund comes directly from the state tax agency. Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? Estimate your self-employment tax and eliminate any surprises. If their clients have past dues, TPG would collect them from the clients on their behalf. 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. Check with them to see if they can provide you with an answer. 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. Smh. why dont u reply to my message? So youre saying the deducted taxes out of my federal and I received the remainder of it? it sounds like you had your Turbo Tax fees paid by your refund. Solved: What do TAX PRODUCTS PE4 SBTPG LLC means? - Intuit 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. What are Tax Products PE1 and PE2 SBTPG LLC Deposits? It also goes by the name of Civista Bank. Tax Pro Support (Existing client) 800.779.7228. I called the IRS offset number, the system literally stated I have no debts under my social security number.