tax products pr1 sbtpg llc deposit

You can also log into your temporary account at SBTPG (Santa Barbara Tax Products Group) which initially received the Federal refund and took out the fees. 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. . SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. i called and the line was busy and said to try back later or tomorrow. What is that for or what line item was adjusted if any. A state refund comes directly from the state tax agency. 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. 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. They payment was not a fourth stimulus check, but rather a refund for taxpayers who overpaid taxes on unemployment compensation in 2020, Your email address will not be published. I'm not complaining everybody loves extra money and I'm keeping it but the status of my 2020 return says its being processed and isn't ready yet so I know that's not what that money is. TPG is facilitating collections that are being made directly through EROs. Fees? The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. Just federal and state plus sales tax? You didn't say anything about your Federal refund. I HAVE found a lot of complaints about TAX PRODUCTS PE1 SBTPG LLC who you do business with . Ask your provider about other IRS e-file options . TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales. Because I have nothing better to do than work my FT job, take care of my house, 2 kids, 2 dogs and cat. Up to $7,000 available Jan. 2 thru Mar. 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. Definition, Example and more. 11 Must opt-in by December 31 to qualify. Menu. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. 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. You should call the SBTPG and see if they sent you someone else's refund. You may have received an email from our partner Santa Barbara Tax Products Group (SBTPG) regarding a hold on your federal refund. This page will be updated as more information is available. It is not possible for TurboTax to speed up the IRS for you. Get an advance on your tax preparation fees so you get paid in days, not weeks. Tax products pr1 sbtpg llc ach. Solved: I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but Copyright 2023 Market Realist. This service allows tax professionals to collect their client fees from tax refunds. This product is not a loan. I know most do but its because they dont know how to file for free. This is apparently a common issue among tax-filers this season. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. How are fees paid? Ppd tax product pr1 sbtpg llc. If you chose to have your TurboTax fees deducted from your federal refund, that is handled by the third party bank. Needless to say, I won't be using Turbo tax EVER AGAIN. If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing. I spent my last 11 years at the I.R.S. . A Green Dot Company NMLS ID# 914924 | Technology Privacy Statement, Tax preparation fees are paid from the refund so there's nothing to pay up-front. Clients that select the Refund Transfer can now open a GO2bank account and access their refund using a, . DEPOSIT FROM TPG PRODUCTS (SBTPG LLC) : r/tax Optional: Pay fees out of Federal refund: Additional service fee of $40 or $45, depending on whether it's California or not. None of those. 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. I don't think they list the Pay with Refund fee. That description you posted looks like a deposit from the intermediary company (SBTPG) that first receives your funds from the IRS, then subtracts the TurboTax fees, then sends the rest to your bank account (or card.) What Is Tax Products Pr1 Sbtpg Llc? - Law info Business Profile for Santa Barbara Tax Products Group It offers tax products to taxpayers and tax professionals. 1Refund Transfers are deposit products using Civista Bank, Member FDIC, that enable certain deductions from the account to be processed. Here are a few frequently asked questions (FAQs) about SBTPG. 3 Online payments provided by AffiniPay, LLC, which is not an affiliate of Santa Barbara Tax Products Group. Whether you owe taxes or youre expecting a refund, you can find out your tax returns status by: Using the IRS Wheres My Refund tool. If enrolled through a service bureau, please check with bureau associate for details on incentive payment. However, this morning I see a deposit of 700 with the description I set as the title. 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? I only received 4k back from 10k. I've checked with the IRS "Where's my Refund" site and show no adjustments. Who do I contact regarding the Remainder of My Refund? Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? Turbo Tax doesn't know when you get the refund or when the IRS sent it. Thanks. To the leadership of turbo tax, you can blame it on your second party vender. It stands for Santa Barbara Tax Products Group or formally known as TPG. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. CPACharge is a registered agent of Wells Fargo Bank, N.A., Concord, CA and Citizens Bank, N.A. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. 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. for 33 years. Did you use Turbo Tax online? **Say "Thanks" by clicking the thumb icon in a post. It was founded in 1991 and is now a Green Dot company since 2014. IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. Oh boy. SBTPG did not contact me at all. Do not click on a link or email if you do not recognize who it is from. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.). when i enter the app store, i click "updates", then click "update". 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. Skip the wait to get paid with a fee advance. 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. However, given the number of frustrated comments online with tax preparation companies, it seems that the fees werent adequately communicated to people before they filed their taxes. Then SBTPG's bank sends the rest of the Federal refund to your bank . The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Shouldn't it be $237.02? What do TAX PRODUCTS PE4 SBTPG LLC means? No telling who might try to contact you and spam/scam you. 3. My cash app say Pe4 but my turbo tax hasn't updated. Must be enrolled in Standard Refund Transfer program to qualify; all discount programs offered through TPG are excluded from this program. The company identifies itself as a consumer-friendly service . But you say you haven't filed a tax return? The total refund was about 1600.00 . 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. did you get an answer back yet? Founded in 1991, Santa Barbara Tax Products Group (TPG) became a Green Dot company in 2014. They deduct the money that you owe for TurboTax plus a fee to pay with refund. In this public forum, we cannot diagnose why your refund has been reduced. Taxpayers can file taxes online through tax software like TurboTax. In February 2022, similar issues were posted on Intuit.com. 2022 but it does not show on her account. The file names were concerning. None of the answers regarding this helped me.whether it was on google in general or on here. About Santa Barbara TPG. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. What Is Tax Products Pr1 Sbtpg Llc? That payment method also has an additional $40 service fee ($45 for California filers) and possible sales tax. Did it ever update? Im having the same issue. All discount programs offered through TPG are excluded from this program. in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Thank you for the response. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. Federal and state are completely separate and refunds come at different times from different places. If not, you need to provide some info. Thats not helpful. I am an Enrolled Agent. So why is my return $500 less? Should I be patient or go straight to defcon 5?? This is a user community forum. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. what was this deposit for? Do not provide your SSN or bank account information to anyone calling you and claiming to be from the IRS or another government agency. 2010new Date().getFullYear()>2010&&document.write("-"+new Date().getFullYear()); Santa Barbara Tax Products Group, all rights reserved. Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days. 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. Most Americans are going to spend countless hours trying to track down and correct the situation, or figure out WHY. Money can be deposited into a checking or savings account. Once TPG receives the refund, your fees are withheld and paid by direct deposit. If needed, you may also call SBTPG at 877-908-7228. 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.. SBTPG already deposited some of the money, so why are they holding the remainder up now? Fees apply to the ERO only with respect to successful collections. 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 . I spent my last 11 years at the I.R.S. They can receive a refund through a check, direct deposit, or ACH transfer. ), https://turbotax.intuit.com/tax-tools/efile-status-lookup/. I am an Enrolled Agent. Does SBTPG offer services to taxpayers only? 2022 Guide to Get W2 Form From Kroger (For Current & Previous Employee). Neither has the IRS. Victims or targets of Economic Impact Payment scams should report it immediately to the Federal Trade Commission at www.ftc.gov/complaint. Separate fees for this service apply. This did not happen last time.