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. Because I have nothing better to do than work my FT job, take care of my house, 2 kids, 2 dogs and cat. But we can tell you some things to check. 2010-2023 Santa Barbara Tax Products Group, all rights reserved. Do they process federal and state returns separately? We'll help you get started or pick up where you left off. Don't go by the total of your Federal and state refunds, if applicable. Unbanked taxpayers 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. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. This is mainly a user community forum, so TurboTax folks will not see your posting. TPG Product SBTG LLC is a company that was founded in 1991. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. I just don`t understand !! what is this. You requested to have the TurboTax account fees paid from the federal tax refund. To log in, go to the page below, choose the Taxpayer portal, then choose "Check with TPG.". Founded in 1991, Santa Barbara Tax Products Group (TPG) became a Green Dot company in 2014. 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. It has been a failure on their part. What's the status of my refund? the tax preparer stated that i would get my refund within 7-10 days. 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. what was this deposit for? Turbo Tax executives have failed in setting up this arrangement. All discount programs offered through TPG are excluded from this program. I did get an email a month and a half again stating it will be deposited soon. What do TAX PRODUCTS PE4 SBTPG LLC means? I know most do but its because they dont know how to file for free. Must be enrolled in Standard Refund Transfer program to qualify. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card.2. SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. Fees? Normal tax refunds will be processed within two days after the IRS sends them to TPG. Where is MY MONEY(?) Currently, check cashing at Walmart is not available in NJ and NY. Apr 06, 2012 11:10 am EDT. Refund Transfers are not loans. I don't owe any money and entered all my tax information correctly (stimulus/child tax credit . I'm a bit confused right now. Taxpayers can directly choose the services of TPG without availing of their tax filing services as well. Skip the wait to get paid with a fee advance. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. 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. 13Separate fees apply for the Marketing Pro service. 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. It stands for Santa Barbara Tax Products Group or formally known as TPG. That was where the issue lies. Tax products pe1 sbtpg LLC Here is what it means 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. So my federal return was $411. Neither has the IRS. What is tax products pr1 sbtpg llc? - Ask Me Fast 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".'. Tax returns may be filed electronically without applying for this loan. Your website includes a secure client portal for exchanging documents with clients. SBTPG has a phone contact page at the following link. Thats handled by an intermediary company called SBTPG (aka Tax Products Group.) 2022 Guide to Get W2 Form From Kroger (For Current & Previous Employee). I spent my last 11 years at the I.R.S. 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. Ask your preparer about other IRS e-file options, some of which are provided at no additional cost. Once the IRS or State deposits a Taxpayer's refund, all associated fees are deducted from the refund amount and your tax preparation fees are direct deposited into your bank account on file with TPG. SBTPG did not contact me at all. You can find these services through TPG directly as well. TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. for 33 years. They have been serving the consumers with tax-related financial products and services. I am sure you have lost a number of customers for this. They obviously have my routing number for my bank account and have already deposited some. But based on a fee of $125 we can take a guess at what you might have used. Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. 3. Unfortunately, the IRS has been delayed in processing returns, and some people wont receive the amount they expected in their tax refund. Go back and review your return. What is tax products pe1 sbtpg - Alicia Lynn Bethals | Facebook To the leadership of turbo tax, you can blame it on your second party vender. $39.95 incentive paid by 6/30/23 for . 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. It has been over 2 months. I spent my last 11 years at the I.R.S. The fee for me is $305 Im missing thousands back. If this happened, Turbo Tax uses a third party processing service to process your refund. We'll help you get started or pick up where you left off. If I have to pay a fee Iwill never use turbo tax again . 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 . Some tax professionals offer a 0% APR fast cash loan to their clients separately too. Then SBTPG's bank sends the rest of the Federal refund to . Solved: I received an unusual sum from "TAX PRODUCTS PE4 SBTPG LLC 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. Fees apply to the ERO only with respect to successful collections. Waiting is frustratingrefunds are taking longer in many cases. We don't know what the $230 includes unless you list the products you used. + Checks up to $7,500 cashed for a cost up to $8. Who is this Santa Barbara Tax Group and why is this happening this time? **Disclaimer: Every effort has been made to offer the most correct information possible. Are PE1 and PE2 Different types of Tax Products? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. Part of the fees deducted will be the service fee for paying out of the Federal refund. 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. How can we help you? - Santa Barbara Tax Products Group I worked for the I.R.S. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. 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. Fees apply. 11 Must opt-in by December 31 to qualify. 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. I'm expecting a federal return of about 4200 minus the fees I paid for filing, it should have been 3600. 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. I dont owe any child support , no judgments, dont owe the IRS back taxes. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. What Is Sales Tax And How To Calculate It? What do TAX PRODUCTS PE4 SBTPG LLC means? Fees apply. How do I file a nonresident state return? Taxpayers can choose to file and receive their tax refunds through TPG in different ways. Tax professionals can offer a refund service to their clients using TPG products. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. I have a similar issue. 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. 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. Must be enrolled in Standard Refund Transfer program to qualify; all discount programs offered through TPG are excluded from this program. I'm waiting for my State tax refund of $635.00 and I see the title above for $875.01 deposit to my Bank checking account. But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new Something was not reported correctly on your return and the IRS recalculated your return causing you not to have a refund. If you have 2 kids and you see $6,000 on line 28 then the IRS records show that you already received $3,000 in Advanced Child Tax Payments, but you entered that you did not receive any. Who do I contact regarding the Remainder of My Refund? . Taxpayer pays a separate fee for this service. Should I be patient or go straight to defcon 5?? Here are some answers to common questions related to fraud. What are Tax Products PE1 and PE2 SBTPG LLC Deposits? About Santa Barbara TPG. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. It was shown on several screens and you had to agree to it. The payment should be received beforeany communication from the IRS is received by mail. Tax professionals can offer a tax refund quickly to their clients through this service. Up to $175,000available to qualified tax pros.11. Many tax filers are scratching their heads after receiving a deposit labeled TPG Products. The IRS encourages people to file tax returns electronically and select direct deposit options. The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. This could include things such as missing income or inaccurately reported income (ex. Collect fees all year long for professional services you offer.3, Compete with large tax offices and attract or retain more clients with a tax time advance. Share your calendar so new and existing clients can book an appointment from your website, Facebook page, email or Google. 2 GO2bank cards are 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. for 33 years. why is there an extra $39.99 charged outside of whats already been listed? 10 Advance is subject to approval. Whats tax products pr1 sbtpg llc. However, you only mentioned that you were waiting on your state refund. I have life lock and I have a clean SSI according to them. This is unacceptable & inaccurate. For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients. I called the IRS offset number, the system literally stated I have no debts under my social security number. Tax preparation fees are paid from the refund so there's nothing to pay up-front1, Secure, fast payment with convenient refund disbursement options, Tax refund is available the same day the IRS issues the automated payment. Clients that select the Refund Transfer can now open a GO2bank account and access their refund using a, . 3 Online payments provided by AffiniPay, LLC, which is not an affiliate of Santa Barbara Tax Products Group. Lindsey Meyers - TAX PRODUCTS PE1 SBTPG LLC credited and - Facebook PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. My cash app say Pe4 but my turbo tax hasn't updated. Been with Intuit for going on 6 years now. The file names were concerning. Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. You should receivea letter from the IRS telling you why your refund amount was changed. The Intuit website has a question posted on March 8, 2022. I recieved my refund on March 30th but it still doesn't show posted on either site??? Did you use Turbo Tax online? North Chelmsford, MA Map & Directions - MapQuest the same thing happen to me too. 44. I HAVE found a lot of complaints about TAX PRODUCTS PE1 SBTPG LLC who you do business with . An IRS letter is coming so maybe that will give me some answers. December 28, 2020. * Automated reminders save you time and help you avoid no-shows. So youre saying the deducted taxes out of my federal and I received the remainder of it? The IRS sends the refund to TPG's bank which then sends the fees to Turbotax and what's left to you. @martinholden410. 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. Once your federal return has been accepted by the IRS, You need your filing status, your Social Security number and the exact amount. It is commonly known as the Tax Products Group (TPG). Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. According to the IRS refund link my refund was deposited on April 4th, so I call Santa Barbara Tax products Group, LLC April 6th and all they can say is that they haven't received it. If you don't use any software then do you get the blank forms and do them by hand? Are you including the extra 39.99 Refund Processing Service charge (44.99 in California)? Please visit the IRS website for more details. did you get an answer back yet? The check limit at Walmart in Connecticut is $6,000 and Florida is $1,999.99 per person per day. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. Im saying is that it should included with the total im seeing on the home screen, so when i go back and check, every thing adds up when i start doing the math. Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. Tax sbtpg products llc for pe5. Federal and state are completely separate and refunds come at different times from different places. 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. ), https://turbotax.intuit.com/tax-tools/efile-status-lookup/. 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? Estimate your self-employment tax and eliminate any surprises. Every year it would show as IRS REFUND. Get a no cost loan and purchase your tax preparation software today. Then SBTPGs bank sends the rest of the Federal refund to your bank account. What do TAX PRODUCTS PE4 SBTPG LLC means? The extra fee is for that optional "pay out of refund" option. Have a question for Santa Barbara Tax Products Group (TPG)? Mmk. Im having the same issue. https://ttlc.intuit.com/community/account-management/help/how-many-turbotax-accounts-do-i-have/00/26 How do I clear and start over in TurboTax Onli Premier investment & rental property taxes. 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. 4 Customer must obtain a Refund Transfer (separate fees apply). Once TPG receives the refund, your fees are withheld and paid by direct deposit. Starting January 2 each year, they can offer up to $ 6,000 of fast cash to their clients. Tax professionals can use its products to offer tax filing, refunds, and advance refund services. If you pay the fees upfront with a credit card before you file you get your full refund directly from the IRS. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. 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. I worked for the I.R.S. I figured it out from the deposit into my account and several other sources. I am an Enrolled Agent. Definition, Example and more. Tax Product PR2 SBTPG LLC : r/tax - reddit . Fees apply to the ERO only with respect to successful collections. Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. I checked with my IRS ID.ME account and shows a overpayment of $564. If you are in California, then you also get additional benefits with the "pay out of the refund" option. Turbo tax has been a great product that I have used for over 20 years without any reservation for my personal and businesstaxes. 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. I've checked with the IRS "Where's my Refund" site and show no adjustments. where did the other 45.00 go? Advances provided by Green Dot Bank, Member FDIC. 5 Fast Cash Advance is an optional tax-refund related loan provided by First Century Bank, N.A., member FDIC (it is not the actual tax refund) and is available at participating locations. Do not click on a link or email if you do not recognize who it is from. IRS tax refund deposit must be received by 5/31/23. 2 AutoCollect is an optional service provided by Santa Barbara Tax Products Group, LLC. 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. Gov site. Years in Business: 32. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales. Did you choose to pay any TurboTax product fees out of your Federal refund? How to check my refund status with IRS; See all 9 articles Checks. TurboTax does not have copies of returns filed using the CD/download product. what was this deposit for? Your ONLY source of information about your refund now is the IRS. There may have also been sales taxes, if applicable. Solved: I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but If you do not remember getting the stimulus payments you can go back through your back records to double check. 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 . All Rights Reserved. Company called tpg products SBTPG llc 220330 deposited $1468. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. Menu. LOL. SBTPG is an acronym for Santa Barbara Tax Product group. You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? That fee is $40 (or $45 for California filers.) I am an Enrolled Agent. Pre Season Funds available only to prior TPG clients. I am sure you have lost a number of customers for this. After going through the process of preparing your annual tax return, you naturally want to receive your full tax refund and get it promptly. This page will be updated as more information is available. You can check what the fees were at this link: https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. The FAST CASH service comes at an APR of 35.99% on your advance refund. Needless to say, I won't be using Turbo tax EVER AGAIN. 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. My refund from federal was due to come today and 1000's short of what federal refund site says it is. They just gave you an estimated date. So someone from this company is either ripping taxpayers off or they keyed in the wrong deposit information. Tax Pro Website Login to your account at . You can look on your IRS account and look up account/record transcripts which are summarized or detailed. 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. What Is TPG Products SBTG LLC? - Wikiaccounting 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. How many EIP2s will be made by ACH? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.