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. For your privacy and security, please do not post personal info in this public forum. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. I am an Enrolled Agent. 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. About Santa Barbara TPG. TurboTax does not receive any updates from the IRS. 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? Did you use Turbo Tax online? 1Refund Transfers are deposit products using Civista Bank, Member FDIC, that enable certain deductions from the account to be processed. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. I am an Enrolled Agent. 17. For mine, I paid $500 from last years taxes for this years but entered 1000 that I paid for last yrs so there was a 500 difference soooo my measly 64 was correct. Many refunds are taking longer during the pandemic. And when you explain this can you dumb it down plzThaaaanks(: if you check the status of your refund on IRS website now, it should show "Refund Sent".'. Founded in 1991, Santa Barbara Tax Products Group (TPG) became a Green Dot company in 2014. Tax professionals can offer a refund service to their clients using TPG products. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. Many people either didn't realize they did receive it or they forgot, but end up seeing it when they go back through their records. in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. I am having this same problem. I'm expecting a federal return of about 4200 minus the fees I paid for filing, it should have been 3600. I filed my federal and state refund got my federal and still waiting on my ny state refund it was excepted on 02/04/2013.just want a solid answer al; Tax products . Needless to say, I won't be using Turbo tax EVER AGAIN. Are PE1 and PE2 Different types of Tax Products? 2010new Date().getFullYear()>2010&&document.write("-"+new Date().getFullYear()); Santa Barbara Tax Products Group, all rights reserved. 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. We don't know what the $230 includes unless you list the products you used. How to Calculate Adjusted Gross Income for E-Filing Your Taxes? 3 Check with your tax professional or software provider for availability. you entered $5,500 for your W2 box 1 instead of $15,500). Who is this Santa Barbara Tax Group and why is this happening this time? I again used Turbo Tax to do my 2019 taxes. When you apply for a tax refund through TPG or one of its partners, you allow them to deduct their charges from your refund. Menu. 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 . PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. TurboTax does not have copies of returns filed using the CD/download product. Advances subject to approval. Find a tax pro in your area and see the tax-related products they offer. did you get an answer back yet? Is this legit? Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. Please advise. There is also a $40 service charge for the totally optional service. A search shows this is associated with Intuit. 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. You should receivea letter from the IRS telling you why your refund amount was changed. I think Turbo Tax got the short end on this one. 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. The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. 4 Customer must obtain a Refund Transfer (separate fees apply). It stands for Santa Barbara Tax Products Group or formally known as TPG. (This line has no information on Economic Impact Payments. January 13, 2021 IRS news release about COVID-19 scams. The payment should be received beforeany communication from the IRS is received by mail. Apr 06, 2012 11:10 am EDT. Ok. We'll help you get started or pick up where you left off. Tax refund and e-filing are required in order to receive this product. 2022 Guide to Get W2 Form From Kroger (For Current & Previous Employee). What message are you seeing? My cash app say Pe4 but my turbo tax hasn't updated. The IRS will issue direct deposits to taxpayers that requested a direct deposit disbursement or applied for a new debit card when they filed their return. No one here can see your fees or the amount of your refund. Who do I contact regarding the Remainder of My Refund? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. They deduct the money that you owe for TurboTax plus a fee to pay with refund. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. That was where the issue lies. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. It also shows their business hours. If you paid your TurboTax fees, your refund will be processed by SBTPG. The total refund was about 1600.00 . TPG Product SBTPG LLC is a company that was founded in 1991. The IRS is required to mail a written notice to taxpayers nolater than 15 daysafter distributing an Economic Impact Payment. All loans have an Annual Percentage Rate (APR) of 35.99%. Pre Season Funds available only to prior TPG clients. Smh. the same happens to me they were short $1500 on my return. @martinholden410. My refund came through TPG. Tax products pe2 . Federal and state are completely separate and refunds come at different times from different places. Ask for FREE. Have a question for Santa Barbara Tax Products Group (TPG)? It has been over 2 months. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. They took out $109.00 from my account, and no refund yet?? Learn more about where checks can be cashed. Taxpayers can file taxes online through tax software like TurboTax. What information is incorrect? There may have also been sales taxes, if applicable. Oh boy. I spent my last 11 years at the I.R.S. in Mand Been with Intuit for going on 6 years now. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. Taxpayer pays a separate fee for this service. I figured it out from the deposit into my account and several other sources. What is this from? This is a debit/credit card processing service to make payment processing from clients easy. I got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. If you chose to get cash through Wells Fargo bank or Walmart, it will cost you an additional $10 and $8 per check respectively. You didn't say anything about your Federal refund. For instance, if you want to sign up for an early tax refund with TPG. 7 Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. 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. it sounds like you had your Turbo Tax fees paid by your refund. TPG offers tax filing and refund services to taxpayers directly as well. Software Purchase Assistance advances provided by Green Dot Corporation. Currently, check cashing at Walmart is not available in NJ and NY. . Visit the IRS Coronavirus Tax Relief page or the IRS Economic Impact Payment Information page for the latest information. Years in Business: 32. The funds were sent to SBTPG and 481.76 of the total was deposited into my account. Terms and conditions are subject to change without notice. I only received 4k back from 10k. How many EIP2s will be made by ACH? Are you getting both a Federal refund and a State refund? Mmk. Visit the IRS Get My Payment page for more information about the status of payments and the date a payment is scheduled to be direct deposited or mailed as a check or Economic Impact Payment Card. Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. 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? I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. 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. Ask your provider about other IRS e-file options . How Long Does It Take for SBTPG to Release Funds in 2022? I've been using for last 10+ years. The refund is from Santa Barbara Tax Products Group. Skip the wait to get paid with a fee advance. BTW, this is a public Internet forum. do ir. **Say "Thanks" by clicking the thumb icon in a post. I think Turbo Tax got the short end on this one. IRS tax refund deposit must be received by 5/31/23. How are fees paid? I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. Tax professionals can offer a tax refund quickly to their clients through this service. 3 Online payments provided by AffiniPay, LLC, which is not an affiliate of Santa Barbara Tax Products Group. Establish a web presence with a landing page to attract clients and promote the products and services you offer. You should call the SBTPG and see if they sent you someone else's refund. I have not been able to receive an answer also. **Disclaimer: Every effort has been made to offer the most correct information possible. The fee for me is $305 Im missing thousands back. If so, was this deposit you received the Federal refund or the state refund? Separate fees for this service apply. 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. 11085 N Torrey Pines Rd Ste 210, La Jolla, CA 92037-1015. It says directly that the total price (taxes included) is $173.98. $1600? *Available with the free Google or Facebook integration. Currently, check cashing at Walmart is not available in NJ and NY. On hold right now with TPG Products and the line has been busy on/off but I'm going to keep calling until I get through to someone because I'm PISSED! what is this. instead of it a; Federal property tax products pe1 I am an Enrolled Agent. After giving me the correct totals, it all added up. That fee is $40 (or $45 for California filers.) For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients. 12 Available to returning clients with 100+ applied Refund Transfers. . Your ONLY source of information about your refund now is the IRS. Just now getting a letter. In-season Fast Cash Advance available first day of filing. I checked with my IRS ID.ME account and shows a overpayment of $564. 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. TPG offers tax-related financial products through a network of tax preparation . You owed back taxes, child support, student loansor something else that caused your refund to be. We'll help you get started or pick up where you left off. I HAVE found a lot of complaints about TAX PRODUCTS PE1 SBTPG LLC who you do business with . The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. They are short staffed; and they are processing millions of tax returns at the same time that they have been burdened with the task of processing millions of stimulus checks. . A respondent said that TurboTax knew about the issue and would issue a refund if the charges for tax preparation were higher than intended. I don't know how or what they have listed. Check with transmitter for availability. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. It means tax professionals do not need to chase their clients for professional service charges. I am an Enrolled Agent. (Solution). 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. It said $230 to file. What do TAX PRODUCTS PE4 SBTPG LLC means? 8 Must be enrolled in our Standard Refund Transfer program. However, this morning I see a deposit of 700 with the description I set as the title. SBTPG already deposited some of the money, so why are they holding the remainder up now? Estimate your self-employment tax and eliminate any surprises. If you are in California, then you also get additional benefits with the "pay out of the refund" option. It may show there what they received from the IRS and how much in fees they took out. The user noted, I received a deposit from TPG Products. 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. The check limit at Walmart in Connecticut is $6,000 and Florida is $1,999.99 per person per day. Here are some answers to common questions related to fraud. $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. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 103,481 Reply. . Again, the IRS will catch this and make the changes to your return. Fees apply. Watch this video to find out if it's a tax refund advancement, Turbotax or some differe. Not all consumers will qualify for a loan or for the maximum loan amount. No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. why dont u reply to my message? We'll help you get started or pick up where you left off. Did it ever update? The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. In this public forum, we cannot diagnose why your refund has been reduced. It's always the exact amount on my return. Collect fees all year long for professional services you offer. The check limit at Walmart in Connecticut is $6,000 and Florida is $1,999.99 per person per day. This is unacceptable & inaccurate. Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. Ive done the same thing every year and never have my taxes said tax products for the deposit. Online tax preparers and tax professional services need seasonal expenses. How long does it take to get my refund? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. They are the 3rd party bank your refund has to go thoughso they can take the fees of of your refund. Fees apply to the ERO only with respect to successful collections. Here are a few frequently asked questions (FAQs) about SBTPG. Market Realist is a registered trademark. This is apparently a common issue among tax-filers this season. Premier investment & rental property taxes. An IRS letter is coming so maybe that will give me some answers. Iwont use them again!!! It was shown on several screens and you had to agree to it. Tax professionals may issue checks from their office once IRS or state funding is received. Part of the fees deducted will be the service fee for paying out of the Federal refund. Fees and limitations apply. Source: Unsplash, Santa Barbara TPG LinkedIn. Direct deposit tax products pr1 sbtpg llc Tax products pr1 shipg llc deposits Anonymous "They charge an outrageous amount of your refund for merely accepting it and putting" 0 2 ALL assisted refund programs are crap. Whats tax products pr1 sbtpg llc. To log in, go to the page below, choose the Taxpayer portal, then choose "Check with TPG.". 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. No, SBTPG offers tax services to taxpayers and tax professionals only. 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. Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. Therefore, when youll receive the refund, it will be less than what the IRS pays to you. 4 Pre-ACK Fast Cash Advance available Jan. 2. Turbo tax has been a great product that I have used for over 20 years without any reservation for my personal and businesstaxes. I am also missing a few thousand I only got $79 i think this is a joke right? 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. The extra fee is for that optional "pay out of refund" option. A state refund comes directly from the state. 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? Or had you already received your Federal refund? You said "bank checking account" above. Shouldn't it be $237.02? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. The total refund was about 1600.00 . I can't see what the link is. That fee is $40 (or $45 for California filers.). The truth is that it was a failure of leadership to choose such a poorlyvettedparty to do business with. Where is MY MONEY(?) The state worked fine but this amount did not. Are you including the extra 39.99 Refund Processing Service charge (44.99 in California)? Tax returns may be filed electronically without applying for this loan. When you file your return and pay for TurboTax from your refund, then the refund money is sent to the the SBTPG. I've checked with the IRS "Where's my Refund" site and show no adjustments. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) Definition, Example and more. Turbo Tax executives have failed in setting up this arrangement. However, if you didnt actively work with TPG Products, its understandable to wonder, Why did I get a deposit from TPG Products?. Similarly, your Fast cash loan will incur interest costs as well. Tax professionals can deduct their fees from the refund directly as well. Tax professionals can use its products to offer tax filing, refunds, and advance refund services. None of the answers regarding this helped me.whether it was on google in general or on here. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. 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 don't use any software then do you get the blank forms and do them by hand? 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? Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. Save time with automated email and text message updates sent directly to your clients. But based on a fee of $125 we can take a guess at what you might have used. SBTPG has several tax services and each one comes with different costs. Gov site. But you say you haven't filed a tax return? Fees apply. 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. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. 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. reply by email or better yet call me or give me a number to call. Offer cash before they can access their refund.4,5 There's no ERO fee* when clients receive their refund and post-ACK advance loan on a GO2bank Visa Debit Card.6, Clients that select the Refund Transfer can now open a GO2bank account and access their refund using a GO2bank Visa Debit Card. IRS tax refund deposit must be received by 5/31/23. Do not click on a link or email if you do not recognize who it is from. This would show on line 28 of your return. Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. I called turbotax and the support gentleman fully explained to me the charges . I don't owe any money and entered all my tax information correctly (stimulus/child tax credit payment, etc). PATH Act - Creating refund delays; Have questions about a tax filing from last tax season or earlier? I recieved my refund on March 30th but it still doesn't show posted on either site??? I know most do but its because they dont know how to file for free. what was this deposit for? Because I have nothing better to do than work my FT job, take care of my house, 2 kids, 2 dogs and cat. Most Americans are going to spend countless hours trying to track down and correct the situation, or figure out WHY. LOL. I worked for the I.R.S. Do they process federal and state returns separately? 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. 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. Check with them to see if they can provide you with an answer. what was this deposit for? If enrolled through a service bureau, please check with bureau associate for details on incentive payment. 2022 Guide to Get Form W2 from Kohls (Current and Former Employees), Refund Transfer Santa Barbara Tax Products Group (sbtpg.com), Deferred Tax Liability: Definition, Example, And Calculation, Deferred Tax Assets Definition, Example, and Why the Deferred Tax Asset Arises, What is Deferred Tax? In any case, if they reduced it, they should send you a letter in 3 or so weeks explaining why. It offers a quick and easy refund service to clients. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. Tax refund and e-filing are required in order to receive Refund Transfer. 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. Tax products pr1 sbtpg llc ppd Have you talked to a SBTPG customer support agent by phone? (Example, And Explain). Thats not helpful. for 33 years. Up to $175,000available to qualified tax pros.11. Ppd tax product pr1 sbtpg llc. 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. Again, if you do not remember getting these payments you can go back through your bank records from July-December. If you do not remember getting the stimulus payments you can go back through your back records to double check. The bank receives your refund, takes out the fees and sends the rest of the refund to you. Been with Intuit for going on 6 years now. $1600 to SBTPG? 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. What Is TPG Products SBTG LLC? Once TPG receives the refund, your fees are withheld and paid by direct deposit. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. This could include things such as missing income or inaccurately reported income (ex. 10 Advance is subject to approval. TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. Themost common reasons so far this season are: You should look for a letter from the IRS and if you do not have one or do not receive one, you would need to call the IRS at 800-829-1040 as no one else would have the answer as to why your refund was reduced. I spent my last 11 years at the I.R.S. You may have received an email from our partner Santa Barbara Tax Products Group (SBTPG) regarding a hold on your federal refund. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+. News; Upgrade to TPG; Products. 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. Tax products group tpg 3 doller dopsit . Unsatisfied with SBTBG of Lake Elsinore, US. Ask your preparer about other IRS e-file options, some of which are provided at no additional cost. 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. for 33 years. 2 AutoCollect is an optional service provided by Santa Barbara Tax Products Group, LLC. Here's the fun part, the amount deposited into my account was $409. My refund was meant to be $1343. 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. Waiting is frustratingrefunds are taking longer in many cases. Get a jump on competitors with pre-built promotional email and text message templates. 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.

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