First Century Bank, N.A. Been with Intuit for going on 6 years now. I spent my last 11 years at the I.R.S. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. What are Tax Products PE1 and PE2 SBTPG LLC Deposits? Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card.2. I don't think they list the Pay with Refund fee. Step by Step Guidance with Example, What is the Price Discrimination? I dont owe any child support , no judgments, dont owe the IRS back taxes. Go to sbtpg.com. TurboTax Premier - Cost: $79.99 + $39.99 for each state return. what was this deposit for? It incurs interest costs at an APR of 35.99% currently. Go back and review your return. What gives? Your TurboTax account will remain at Accepted. It is offensive or harmful. It also shows their business hours. Forthe offset, you can call the IRS at800-304-3107, seeTopic No. It will show you how much they received from the IRS, the fees they charged, etc. Ask for FREE. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. I'm not familiar with that. Normal tax refunds will be processed within two days after the IRS sends them to TPG. If you had no fees there would be no reason to involve the 3rd party bank. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. "PE2" and nothing more? Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 103,110 Reply. Tax products pe2 sbtpg llc deposit. The deposit was for 1. My refund amount is way off. Use the Taxpayer portal at: Actually, on second thought, that might still not resolve the question, since if SBTPG receives a payment from the IRS that they can't identify as a refund or a stimulus payment, their website says they will process it as a refund and subtract the fees, and send it on to your bank. Tax professionals can use its products to offer tax filing, refunds, and advance refund services. Who is this Santa Barbara Tax Group and why is this happening this time? Been preparing taxes professionally for 10+ years. 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? 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. 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. Since you are posting in a thread titled "Tax Products PE3 SBTPG", I presume you chose to pay your product fees out of your Federal refund and have now received a Federal refund from SBTPG (Tax Products Group.) If you chose to get cash through Wells Fargo bank or Walmart, it will cost you an additional $10 and $8 per check respectively. 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. This is a debit/credit card processing service to make payment processing from clients easy. Do they process federal and state returns separately? This status should indicate when your refund is scheduled to be sent to your bank and, if you chose direct deposit, when the refund should be credited to your account. 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. Similarly, your Fast cash loan will incur interest costs as well. Did you get a deposit with that description? for 33 years. I was able to figure out that the IRS is where the missing $845 on our return came from! SBTPG is the bank that removes Turbo Tax fees from your federal refund. No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. SBTPG is an acronym for Santa Barbara Tax Product group. . Santa Barbara Tax Products Group, or SBTPG, is also sometimes abbreviated as "TPG Products" on tax forms. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. What Is TPG Products SBTG LLC? The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. what was this deposit for? The tax refund fee through Refund Transfer is $ 39.95 if it is done via direct bank transfer. Community Experts online right now. I am an Enrolled Agent. Watch this video to find out if it's a tax refund advancement, Turbotax or some differe. We'll help you get started or pick up where you left off. I didnt have any fees because mine were simple, Last year they had a similar issue where this exact thing was happening and those werent receiving their whole deposit. TurboTax comes in five editions: TurboTax Free - Cost: $0 + $29.99 for each state return. This is the descriptor for the intermediary company (Santa Barbara Tax Products Group, aka SBTPG) that processes a refund when you choose to pay fees out of the Federal refund. Tax products group tpg 3 doller dopsit . Ok my tax refund was 4124 but a received a pe2 on my account with 3900 and my irs status still says refund approved NOT refund sent. SBTPG charges are $39.99 for a tax refund. 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. That company first receives your funds from the IRS, then takes the fees out of the Federal refund, then sends the remainder on to your bank or prepaid debit card. You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? What Is Sales Tax And How To Calculate It? Let us discuss what is SBTPG and its tax products for taxpayers and tax professionals. Either the IRS did an: The IRS will send you a letter explaining what happened either way. Ive done the same thing every year and never have my taxes said tax products for the deposit. 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. What do TAX PRODUCTS PE4 SBTPG LLC means? Step 1: Choose to pay-by-refund Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. I added some additional information to my initial comment above. The refund only goes though the 3rd party bank when you have the fees deducted from a refund. Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have yourTurboTaxfees deducted from your refund. Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days. Then SBTPG's bank sends the rest of the Federal refund to your bank account. They charged me $ 59.95 for a "software upgrade" in order to send my return electronically. I had this show up as a deposit in my checking account "Ext Dep TAX PRODUCTS PE1 ORIG GREEN DOT BANK - SBTPG LLC" for $1226.98. 4 Customer must obtain a Refund Transfer (separate fees apply). 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. Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. Or are you missing your state refund? I was suppose to be refunded $936. Your situation is not clear. https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. Currently, check cashing at Walmart is not available in NJ and NY. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Community Experts online right now. If so, why is this a partial deposit and where is the rest?. Any state refund (if applicable) comes separately in a direct deposit directly from the state tax agency. Got refund today with the message `tax products pr1 des:sbtpg llc id`. If your sales tax in your state is 4.4% or 6% then you have your answer. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). Republic Bank Yunier Serral Explainer @Ortizj49tkd If you see a transaction listed as Tax Product PE2, typically that refers to the amount you paid TurboTax to prepare your return. This option also has an additional charge from the bank that processes the transaction. You had $40 to Santa Barbara bank plus the TurboTax fees would not add up to over $1,000. Did it ever update? It also goes by the name of Civista Bank. What is tax products pr1 SBTPG LLC deposit? You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. **Say "Thanks" by clicking the thumb icon in a post Iwont use them again!!! 10 Best Business Consultancy and Advisory Services In Cambodia, 10 Best Financial Consulting Firms In Cambodia, How to Account for Uncollectible Accounts? It is commonly known as the Tax Products Group (TPG). TPG offers tax -related financial products > through a network of tax preparation. Been preparing taxes professionally for 10+ years. If I receive a deposit from TPG Products Sbtpg LLC but it isnt no where near my whole refund, am I getting that back? Did you mail your return in or efile? They have been serving the consumers with tax-related financial products and services. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.). If you have any concerns about discrepancies over the amount of your refund, please contact the IRS directly: How do I contact the Internal Revenue Service (IRS)? When an unknown printer took a galley of type and scrambled it to make a type specimen book. But obviously your fees are not 7500. Is this legit? I am an Enrolled Agent. . Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. 203 Reduced Refund. What is it that makes you think that the deposit from Tax Products Group is not a Federal refund? Are PE1 and PE2 Different types of Tax Products? 0 Reply jeffcox132 I just don`t understand !! Maybe you already received it (minus product fees and service charge). If so, here's how to check on at the SBTPG website. But in some circumstances it's possible that SBTPG receives an economic stimulus payment. When did you get the deposit from 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. the tax preparer stated that i would get my refund within 7-10 days. What message are you seeing? Thank you for the response. If you need to speak to SBTPG, they have a phone contact page at the following link. Please return to the forum to see the full comment. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. If you continue to use this site we will assume that you are happy with it. It might provide some information that will help sort out what the $3900 is. They just gave you an estimated date. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. I received this notification in my bank account, and I matched the amount I was expected to get on my federal return located in Turbo Tax and they paid me short by $1,000+. 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, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Taxpayers can directly choose the services of TPG without availing of their tax filing services as well. If the IRS sent you less they will mail you a letter explaining it. i am in the same boat here i was suppose to get 943 and got 521 over 400 dollars less than my tax return stated on turbo tax. If you received a deposit of your Federal refund from "Tax Products", aka SBTPG, PE2, etc., that implies you had TurboTax fees that you chose to pay out of your Federal refund. Then click onPrint Center. 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. Fees? Ach credit tax products sbtpg llc. in Mand MBA, Enrolled Agent. The company identifies itself as a consumer-friendly service provider with fair pricing. How Long Does It Take for SBTPG to Release Funds in 2022? I received Ilan unusual sum from tax product SBTPG LLC is it the same sum from IRS ? However, your fees are clearly . I don't know. That bank is only involved if you used a paid version of the software and then chose to have your fees deducted from your federal refund. I got a deposit in my account for $1800.40. I got much less than expected and will not be using you guys again if this is the case. It contains or requests illegal information. The remainder of your federal tax refund is then directly deposited into the account you stated on your federal tax return by SBTPG. This is apparently a common issue among tax-filers this season. I remember seeing the tax product thing towards the end of me . Explaining Form W-2? We'll help you get started or pick up where you left off. I worked for the I.R.S. Pay for tax preparation with your tax refund TPG takes all associated fees out of your tax refund, making it easy to pay for tax preparation. It offers a quick and easy refund service to clients. Ask for FREE. Tax professionals may issue checks from their office once IRS or state funding is received. It stands for Santa Barbara Tax Products Group or formally known as TPG. The file names were concerning. OUTRAGEOUS. It is spam / self promotion. No upfront fees Tax preparation fees are paid from the refund so there's nothing to pay up-front 1 I don't have any treasury offset or IRS debt. Several other comments mention similar issuesseeing a deposit from TPG Products, but the deposit isn't their expected tax refund amount. That was a lie!! This processing fee does not make sense unless two things happened: If none of these apply to you,you willwant tocontact a specialistthat can look at your screen to determine the origin of that charge. Tax production direct deposit load If that's the case, then as a nice round number of $3,900, it "might" be an economic stimulus payment (see my note at the bottom of this comment.) What all does it say? This service from TPG offers pre-season funding. If their clients have past dues, TPG would collect them from the clients on their behalf. I am an Enrolled Agent. I only received 4k back from 10k. EVERYONE I KNOW WILL HEAR OF THIS SERVICE, AND EVERYONE THAT I CAN REACH "ELECTRONICALLY", AND I WON'T CHARGE THEM ANYTHING TO DO IT. Will I still get that? Tax Products Pe1 Phone Number QATAX from qatax.blogspot.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. So the federal is 2692.02 less than expected. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. This service allows tax professionals to collect their client fees from tax refunds. Deposit tax products pe2 type. Please click here to learn more about the Offset Program. What is it exactly? The ACH I received was almost $200 less than the refund Turbotax described. These are not specific tax products offered by SBTPG. A member of our support staff will respond as soon as possible. I've checked with the IRS "Where's my Refund" site and show no adjustments. I am an Enrolled Agent. . Where is MY MONEY(?) TPG offers tax filing and refund services to taxpayers directly as well. SBTPG then direct deposits the remainder of the federal tax refund into the account you requested on the federal tax return. Learn more about where checks can be cashed. hot young girl escorts. They have been serving the consumers with tax-related financial products and services. We'll help you get started or pick up where you left off. 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 tax refund and where you stand. A state refund comes directly from the state. Gov site. 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. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new https: //ttlc.intuit.com/questions/new '' > https: //ttlc.intuit.com/questions/new < /a IRS did an: the IRS have. Group ) website below: TurboTax Free - Cost: $ 0 + $ 39.99 each! 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