Software Purchase Assistance advances provided by Green Dot Corporation. Ask your preparer about other IRS e-file options, some of which are provided at no additional cost. Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. So my federal return was $411. My refund came through TPG. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. I spent my last 11 years at the I.R.S. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. I received an unusual sum from "TAX PRODUCTS PE4 SBTPG LLC 20190220" I've never had this happen before. 877.908.7228. In this public forum, we cannot diagnose why your refund has been reduced. **, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. i called and the line was busy and said to try back later or tomorrow. The American Rescue Plan was signed into law on March 11th, and includes a third round of Economic Impact Payments (EIPs) which will be delivered directly to taxpayers. And now turbo tax is saying i didnt file my 2018 return with them, taking me thru hell to get my Aig from the irs. I have life lock and I have a clean SSI according to them. I removed your attached files. If you paid your TurboTax fees, your refund will be processed by SBTPG. Tax Pro Support (Existing client) 800.779.7228. How Long Does It Take for SBTPG to Release Funds in 2022? I filed my refund in April with TurboTax and still haven't recieved it. I don't think they list the Pay with Refund fee. You mentioned the IRS. Premier investment & rental property taxes. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. 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. Sorry you're having trouble, but you're preaching to the choir here. IRS only sent 64 to TPG products so now its back in IRS hands and I cant call till after today to talk to someome. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. For additional information, please see this Help Articleor this TurboTax blog post. Been with Intuit for going on 6 years now. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. 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. TPG Product SBTG LLC is a company that was founded in 1991. The total refund was about 1600.00 . Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card.2. We'll help you get started or pick up where you left off. This could include things such as missing income or inaccurately reported income (ex. Terms and conditions are subject to change without notice. TPG offers tax filing and refund services to taxpayers directly as well. The first stimulus payments are expected to reach taxpayers' bank accounts starting March 17, and the IRS expects to deliver most stimulus payments within the next 3 weeks. We'll help you get started or pick up where you left off. Menu. (8 Points You Should Assess), 10 Best Business Consultancy and Advisory Services In Cambodia, 10 Best Financial Consulting Firms In Cambodia, How to Account for Uncollectible Accounts? People may receive compensation for some links to products and services on this website. TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. It was shown on several screens and you had to agree to it. for 33 years. Community Experts online right now. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. The check limit at Walmart in Connecticut is $6,000 and Florida is $1,999.99 per person per day. I filed with turbo tax, accepted the deposit to credit karma (they offered $100 bonus to have it deposited there) instead of my credit Union like an idiot now I am missing $1923 from my . https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). Taxpayers that requested a check printed from their tax professional's office or Walmart Direct2Cash may receive their 3rd stimulus payment by paper check mailed to the last known address on file with the IRS, or on anEconomic Impact Payment Cardwhich is a prepaid debit card issued by US Treasury. 10 Advance is subject to approval. Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. Ask Your Question Fast! 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. The IRS sends the refund to TPG's bank which then sends the fees to Turbotax and what's left to you. 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. Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Departments bank account. Try scheduling an appointment with your local office. SBTPG has several tax services and each one comes with different costs. Once your federal return has been accepted by the IRS, You need your filing status, your Social Security number and the exact amount. I filed 2/17 and were accepted an hr later. You apparently chose the option to have your TurboTax fees paid from your federal refund. You should have received a letter if this was the case. If not, I've provided a link below. 44. If not, you need to provide some info. Did you choose to pay any TurboTax product fees out of your Federal refund? Thanks. This is mainly a user community forum, so TurboTax folks will not see your posting. I have tried to find answer to this problem on your site with no luck. How do I file a nonresident state return? I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. Why Did I Get My Deposit Less Than What I Expected? do ir. Neither has the IRS. Should I be patient or go straight to defcon 5?? Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. Part of the fees deducted will be the service fee for paying out of the Federal refund. * Automated reminders save you time and help you avoid no-shows. Once TPG receives the refund, your fees are withheld and paid by direct deposit. My refund amount is way off. If not, then IRS is just too slow in updating the refund status page for you. Who is this Santa Barbara Tax Group and why is this happening this time? The state worked fine but this amount did not. This is a user community forum. for 33 years. They have been serving the consumers with tax-related financial products and services. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. Available while supplies last. I figured it out from the deposit into my account and several other sources. I did get an email a month and a half again stating it will be deposited soon. Advance tax refunds start from January 2 every year if you have applied for them. Santa Barbara Tax Products Group is used to process your refund when you elect to have your tax preparation fees deducted from your 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. Tax professionals may issue checks from their office once IRS or state funding is received. instead of it a; Federal property tax products pe1 This would show on line 28 of your return. for 33 years. Skip to content. I don't know if it's a State or a Federal tax issue. It looks like the forum privacy filter redacted your email address above for your privacy/security. For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients. You didn't say anything about your Federal refund. Get an advance on your tax preparation fees so you get paid in days, not weeks. what does tax products pr1 sbtpg llc mean. Here's the fun part, the amount deposited into my account was $409. Fees for other optional products or product features may apply and will be disclosed at the time of application. Been part of TTLive, Full Service TTL, was part of Accuracy guaran TPG PRODUCTS SBTPG LLC - Deposit less than refund amount. Turbo tax has been a great product that I have used for over 20 years without any reservation for my personal and businesstaxes. When you file your return and pay for TurboTax from your refund, then the refund money is sent to the the SBTPG. $39.95 incentive paid by 6/30/23 for taxpayers with Fast Cash Advance and IRS-funded Refund Transfer deposited to a GO2bank Visa Debit Card. 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. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Online tax preparers and tax professional services need seasonal expenses. What did you mean by the term "total refund" above? Go to turbotax and use" Refund amount is different from what was received. What Is Sales Tax And How To Calculate It? It offers a quick and easy refund service to clients. That service fee is avoided if one chooses to pay upfront by credit/debit card. This is unacceptable & inaccurate. About Santa Barbara TPG. Most Americans are going to spend countless hours trying to track down and correct the situation, or figure out WHY. The IRS will never text or email you asking to provide your bank account information or verify your bank account information. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales. And when you use the taxpayer tool at the SBTPG website to look up your refund, when you enter your info, does it say how much they received from the IRS? The payment should be received beforeany communication from the IRS is received by mail. The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. Did you talk to an IRS agent, and they confirmed that the IRS did not reduce your refund, and that they sent approx. I have used that payment option before without any issues. Give clients more ways to pay for your services. It has been over 2 months. Estimate your self-employment tax and eliminate any surprises. Do they process federal and state returns separately? **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. What is tax products pr1 SBTPG LLC deposit? Been with Intuit for going on 6 years now. But we can tell you some things to check. Loans are offered in amounts from $500-$7,000 and are offered both pre-IRS acknowledgment of the tax return and post-IRS acknowledgment of the tax return. Then SBTPGs bank sends the rest of the Federal refund to your bank account. Are PE1 and PE2 Different types of Tax Products? 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. Unfortunately, there was nothing indicating that it would be a timely deposit into our account or that they fully vetted their partners on their ability to offer the same level of service Turbo Tax has provided throughout the years. Tax products pr1 sbtpg llc ppd I am an Enrolled Agent. As a Green Dot Company, Santa Barbara Tax Products Group makes paying for tax preparation easier and provides fast access to your tax refund via convenient payment methods. What do TAX PRODUCTS PE4 SBTPG LLC means? Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. Source: Unsplash, Santa Barbara TPG LinkedIn. 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. There is an EXTRA 39.99 for that Refund Processing Service.