TPG offers tax-related financial products through a network of tax preparation . The state worked fine but this amount did not. Get a jump on competitors with pre-built promotional email and text message templates. 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 will issue direct deposits to taxpayers that requested a direct deposit disbursement or applied for a new debit card when they filed their return. Go back and review your return. TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. why is there an extra $39.99 charged outside of whats already been listed? The Intuit website has a question posted on March 8, 2022. Thats handled by an intermediary company called SBTPG (aka Tax Products Group.) TurboTax does not receive any updates from the IRS. The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. Here is their website link, that has their contact information. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. This is a user community forum, not a direct route to TurboTax Support. Turbo Tax really is an excellent product and I am really surprised. 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. Did you talk to an IRS agent, and they confirmed that the IRS did not reduce your refund, and that they sent approx. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Do they process federal and state returns separately? 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. SBTPG already deposited some of the money, so why are they holding the remainder up now? SBTPG did not contact me at all. Refund Transfers are not loans. They are the 3rd party bank your refund has to go thoughso they can take the fees of of your refund. Who do I contact regarding the Remainder of My Refund? I worked for the I.R.S. 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. Turbo tax has been a great product that I have used for over 20 years without any reservation for my personal and businesstaxes. These are not specific tax products offered by SBTPG. 2 AutoCollect is an optional service provided by Santa Barbara Tax Products Group, LLC. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. An IRS letter is coming so maybe that will give me some answers. The ID itself is the fee taken out from your refund as part of the agreement when you used these outside services. 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. What Is Tax Products Pr1 Sbtpg Llc? Clients that select the Refund Transfer can now open a GO2bank account and access their refund using a, . Up to $175,000available to qualified tax pros.11. This is a debit/credit card processing service to make payment processing from clients easy. For your privacy and security, please do not post personal info in this public forum. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). To check on regular tax refund status via automated phone, call, . SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. I WILL NEVER USE TURBO TAX AGAIN. PATH Act - Creating refund delays; Have questions about a tax filing from last tax season or earlier? The payment should be received beforeany communication from the IRS is received by mail. 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. 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. Smh. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. What do TAX PRODUCTS PE4 SBTPG LLC means? If not, I've provided a link below. Are you including the extra 39.99 Refund Processing Service charge (44.99 in California)? Did it ever update? I will not be using TurboTax again. I called the IRS offset number, the system literally stated I have no debts under my social security number. If you efiled you might have upgraded to a higher version and didn't notice the fees if they were selected to be deducted from your refund. I filed my refund in April with TurboTax and still haven't recieved it. Terms and conditions are subject to change without notice. Market Realist is a registered trademark. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. I know that money would be taken out for taxes to file. Scammers and identity thieves are already taking the opportunity to prey upon taxpayers with phone calls, text messages and emails. 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. If not, then IRS is just too slow in updating the refund status page for you. You owed back taxes, child support, student loansor something else that caused your refund to be. I've checked with the IRS "Where's my Refund" site and show no adjustments. Don't go by the total of your Federal and state refunds, if applicable. A search shows this is associated with Intuit. Taxpayers can file taxes online through tax software like TurboTax. It has been over 2 months. This would show on line 28 of your return. I spent my last 11 years at the I.R.S. Here's one, Hey did they ever deposit the rest of your money? 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. Because I have nothing better to do than work my FT job, take care of my house, 2 kids, 2 dogs and cat. And is your Federal refund on your Federal return Form 1040, Line 21a approx. . $1600? 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. Here are some answers to common questions related to fraud. In California, the fee is $45 (where it is bundled as Premium Services).. 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. Very soon you might get a direct deposit from TPG Products SBTPG LLC! Normal tax refunds will be processed within two days after the IRS sends them to TPG. 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 . A state refund comes directly from the state tax agency. 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. 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. (This line has no information on Economic Impact Payments. 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. 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. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. 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. 13Separate fees apply for the Marketing Pro service. My cash app say Pe4 but my turbo tax hasn't updated. what does tax products pr1 sbtpg llc mean. January 13, 2021 IRS news release about COVID-19 scams. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Community Experts online right now. The funds were sent to SBTPG and 481.76 of the total was deposited into my account. Up to $7,000 available Jan. 2 thru Mar. 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? Separate fees for this service apply. Neither has the IRS. Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? 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? Let us discuss what is SBTPG and its tax products for taxpayers and tax professionals. Watch this video to find out if it's a tax refund advancement, Turbotax or some differe. It mainly serves taxpayers through a wide range of tax services offered by its tax professional partners, individuals, and online tax preparers. SBTPG stands for Santa Barbara Tax Products Group. The FAST CASH service comes at an APR of 35.99% on your advance refund. what was this deposit for? Not all consumers will qualify for a loan or for the maximum loan amount. I did my taxes myself and sent them straight to the IRS I dont use any software. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. The tool will provide EIP status, but will not give taxpayers the ability to update their bank account information. Did you have both Federal and state refunds? 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. 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. 3 Check with your tax professional or software provider for availability. I am an Enrolled Agent. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. This product is not a loan. Just now getting a letter. The IRS Get My Paymenttool is scheduled to be updated on March 15. Establish a web presence with a landing page to attract clients and promote the products and services you offer. All discount programs offered through TPG are excluded from this program. https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions, https://ttlc.intuit.com/questions/2840013-does-accepted-mean-my-refund-is-approved. I don't think they list the Pay with Refund fee. 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. My refund amount is way off. No, SBTPG offers tax services to taxpayers and tax professionals only. Iwont use them again!!! It was founded in 1991 and is now a Green Dot company since 2014. Or had you already received your Federal refund? My refund came through TPG. 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. 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. If you r refund was reduced, the IRS will send you a letter in the mail explaining the reasoning. Go to turbotax and use" Refund amount is different from what was received. 12 Available to returning clients with 100+ applied Refund Transfers. Tax products pe1 sbtpg llc orig university b showed a deposit into my bank account for 1288 my returns should have been about 500 more. SBTPG has a phone contact page at the following link. Taxpayers can choose to file and receive their tax refunds through TPG in different ways. ), https://turbotax.intuit.com/tax-tools/efile-status-lookup/. I've been using for last 10+ years. Tax professionals can offer a refund service to their clients using TPG products. Tax returns may be filed electronically without applying for this loan. We'll help you get started or pick up where you left off. TurboTax is committed to protecting your personal information. I figured it out from the deposit into my account and several other sources. Available to new and existing TPG clients starting in November. Here's something else you can check. The extra fee is for that optional "pay out of refund" option. The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. You should call the SBTPG and see if they sent you someone else's refund. Oh and you might check 1040 line 30 to see if you claimed an amount for the 1st or 2nd stimulus. Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. It says directly that the total price (taxes included) is $173.98. Whats tax products pr1 sbtpg llc. Something was not reported correctly on your return and the IRS recalculated your return causing you not to have a refund. 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? trabajos en manhattan de limpieza / united rentals spreader bar / what does tax products pr1 sbtpg llc mean. (This line has no information on Economic Impact Payments.). The funds were sent to SBTPG and 481.76 of the total was deposited into my account. (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? Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. 7 Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. I used direct deposit. **Say "Thanks" by clicking the thumb icon in a post. How many EIP2s will be made by ACH? They can receive a refund through a check, direct deposit, or ACH transfer. 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. 4. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. What happens if my direct deposit is returned? Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card.2. Are PE1 and PE2 Different types of Tax Products? I have not been able to receive an answer also. Then SBTPG's bank sends the rest of the Federal refund to . Who is this Santa Barbara Tax Group and why is this happening this time? All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. It incurs interest costs at an APR of 35.99% currently. In this public forum, we cannot diagnose why your refund has been reduced. for 33 years. To log in, go to the page below, choose the Taxpayer portal, then choose "Check with TPG.". 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. 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. Thats not helpful. Copyright document.write( new Date().getFullYear() ); Santa Barbara Tax Products Group, all rights reserved. I got much less than expected and will not be using you guys again if this is the case. North Chelmsford Map. Ppd tax product pr1 sbtpg llc. Here's the fun part, the amount deposited into my account was $409. 59 Comments. However, this morning I see a deposit of 700 with the description I set as the title. 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. I don't know if it's a State or a Federal tax issue. It was shown on several screens and you had to agree to it. Article continues below advertisement. If I had asked Turbotax to cut a check would there have been such a fee? Turbo Tax executives have failed in setting up this arrangement. Premier investment & rental property taxes. In the United . We don't know what the $230 includes unless you list the products you used. Or if you want to phone the IRS, you may be able to inquire. 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 . They can receive a refund through a check, direct deposit, or ACH transfer. How to check my refund status with IRS; See all 9 articles Checks. Since TPG does not have any visibility into the status, amount or timing of EIP stimulus payments we are unable to answer any questions regarding these payments. Track client activity, including marketing activity, conversations, documents, and more from an easy-to-use Client Retention Management (CRM) system. 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. Location of This Business. The total refund was about 1600.00 . No, the IRS and other government agencies will never call asking for your Social Security Number (SSN) or banking information. Offers may be subject to change without notice. The refund only goes though the 3rd party bank when you have the fees deducted from a refund. This is unacceptable & inaccurate. Every year my refund says US Treasury/IRS when the deposit shows up to my account why on earth would the IRS send my information to a 3rd party that I dont do business with and from what Im understanding of this thread they subtract a fee? Your website includes a secure client portal for exchanging documents with clients. SBTPG offers different types of tax-related services to taxpayers and tax professionals. ACH credit is not the preferred payment option for most taxpayers. They just gave you an estimated date. When you file your return and pay for TurboTax from your refund, then the refund money is sent to the the SBTPG. However, this morning I see a deposit of 700 with the description I set as the title. I am an Enrolled Agent. 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. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. I wish I would have just paid outright for all of it upfront instead of choosing the option to take the payment out of my refund. Been with Intuit for going on 6 years now. So that adds up to $120 (or $125 if you are in California.). In February 2022, similar issues were posted on Intuit.com. Pre Season Funds available only to prior TPG clients. Do not provide your SSN or bank account information to anyone calling you and claiming to be from the IRS or another government agency. Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Departments bank account. I checked with my IRS ID.ME account and shows a overpayment of $564. Once TPG receives the refund, your fees are withheld and paid by direct deposit. do ir. 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. Waiting is frustratingrefunds are taking longer in many cases. I was told that is what to get. This is a user community forum. I don't owe any money and entered all my tax information correctly (stimulus/child tax credit payment, etc). Turbo Tax guarantee promises were keptby Turbo Tax. **Disclaimer: Every effort has been made to offer the most correct information possible. it sounds like you had your Turbo Tax fees paid by your refund. **, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. They obviously have my routing number for my bank account and have already deposited some. You said "bank checking account" above. Ive done the same thing every year and never have my taxes said tax products for the deposit. IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. BTW, this is a public Internet forum. SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. 2 AutoCollect is an optional service provided by Santa Barbara Tax Products Group, LLC. . 2010-2023 Santa Barbara Tax Products Group, all rights reserved. Tax products pr1 sbtpg llc ppd Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. why dont u reply to my message? BBB File Opened: 2/28/2011. Required fields are marked *, How To Sign As Power Of Attorney On Tax Return? Learn more about where checks can be cashed. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. 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. 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. Thank you for the response. $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. If it was from Tax Products Group, then that would be the Federal refund. I am sure you have lost a number of customers for this. If so, only the Federal refund goes through SBTPG. 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? TPG Products refers to Santa Barbara Tax Products Group. I am an Enrolled Agent. This did not happen last time. All loans have an Annual Percentage Rate (APR) of 35.99%. I again used Turbo Tax to do my 2019 taxes. You usually get this kind of direct deposit if you use Turbotax (or similar) to file and ask them to pay your fees from your refund. You mentioned the IRS. . Copyright 2023 Market Realist. I received an unusual sum from "TAX PRODUCTS PE4 SBTPG LLC 20190220" I've never had this happen before. Even when they are closed, you may be able to get automated info, or you can log in as above. When you apply for a tax refund through TPG or one of its partners, you allow them to deduct their charges from your refund. If needed, you may also call SBTPG at 877-908-7228. Offer and terms subject to change at any time without prior notice. The City of North Chelmsford is located in Middlesex County in the State of Massachusetts.Find directions to North Chelmsford, browse local businesses, landmarks, get current traffic estimates, road conditions, and more.The North Chelmsford time zone is Eastern Daylight Time which is 5 hours behind Coordinated Universal Time (UTC). After going through the process of preparing your annual tax return, you naturally want to receive your full tax refund and get it promptly. Ok. I dont owe any child support , no judgments, dont owe the IRS back taxes. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. It's always the exact amount on my return. Tax products pr1 sbtpg llc ach. SBTPG charges are $39.99 for a tax refund. 10 Advance is subject to approval. Thanks. I worked for the I.R.S. Direct deposit from tax products pe5 for sbtpg llc I e-file my federal and state tax on 2/3/2016 and i have direct deposit. That was where the issue lies. Sorry you're having trouble, but you're preaching to the choir here.
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