The tool will provide EIP status, but will not give taxpayers the ability to update their bank account information. 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. My cash app say Pe4 but my turbo tax hasn't updated. I know that money would be taken out for taxes to file. There may have also been sales taxes, if applicable. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. About Santa Barbara TPG. They just gave you an estimated date. Did it ever update? The deposit was for $197.03. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales tax. Software Purchase Assistance advances provided by Green Dot Corporation. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. I removed your attached files. Tax professionals can offer a tax refund quickly to their clients through this service. It offers a quick and easy refund service to clients. This service allows tax professionals to collect their client fees from tax refunds. No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. If you do not remember getting the stimulus payments you can go back through your back records to double check. for 33 years. TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. If you used the CD/download product to file your return, the only place you can find the 2018 tax return would be on your computer. Up to $175,000available to qualified tax pros.11. I worked for the I.R.S. Ive done the same thing every year and never have my taxes said tax products for the deposit. 7 Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. If not, you need to provide some info. None of those. You did not report the full amount of your Advanced Payments for the Child Tax Credit that you already received. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. I don't know how or what they have listed. Copyright document.write( new Date().getFullYear() ); Santa Barbara Tax Products Group, all rights reserved. . Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. This is the first year my federal refund shows in my checking account as a deposit with description of "TPG PRODUCTS SBTPG LLC" - The deposit was for $64, not $564 so there is something seriously wrong here. 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. 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. I don't know if it's a State or a Federal tax issue. Premier investment & rental property taxes. for 33 years. 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. Again, the IRS will catch this and make the changes to your return. For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients. But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. Have a question for Santa Barbara Tax Products Group (TPG)? 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? For your privacy and security, please do not post personal info in this public forum. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. when i enter the app store, i click "updates", then click "update". 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. The state worked fine but this amount did not. It offers tax products to taxpayers and tax professionals, It. We'll help you get started or pick up where you left off. I am sure you have lost a number of customers for this. Tax refund and e-filing are required in order to receive Refund Transfer. Did you have both Federal and state refunds? We'll help you get started or pick up where you left off. They obviously have my routing number for my bank account and have already deposited some. This would show on line 28 of your return. If you chose to have your TurboTax fees deducted from your federal refund, that is handled by the third party bank. 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. 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. Location of This Business. 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. Waiting is frustratingrefunds are taking longer in many cases. 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. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. For additional information, please see this Help Articleor this TurboTax blog post. TPG offers tax-related financial products through a network of tax preparation . However, TurboTax hasn't posted an official response. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. Ppd tax product pr1 sbtpg llc. in Mand Been with Intuit for going on 6 years now. Loans are offered in amounts from $500-$7,000 and are offered both pre-IRS acknowledgment of the tax return and post-IRS acknowledgment of the tax return. SBTPG charges are $39.99 for a tax refund. Unfortunately, the IRS has been delayed in processing returns, and some people wont receive the amount they expected in their tax refund. The IRS is required to mail a written notice to taxpayers nolater than 15 daysafter distributing an Economic Impact Payment. to pay some of the past due debt. We'll help you get started or pick up where you left off. We'll help you get started or pick up where you left off. Is the missing amount explained by a state refund that you haven't yet received? Unfortunately, there was nothing indicating that it would be a timely deposit into our account or that they fully vetted their partners on their ability to offer the same level of service Turbo Tax has provided throughout the years. Tax products pe1 sbtpg llc orig university b showed a deposit into my bank account for 1288 my returns should have been about 500 more. I feel sorry for the tax payers who really need this money and the amount is a lot more than what was deposited. Track client activity, including marketing activity, conversations, documents, and more from an easy-to-use Client Retention Management (CRM) system. 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? TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. You can find these services through TPG directly as well. I can't see what the link is. The page that show you the turbotax charges does not show the actual amount that is taken from your federal and state. You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? But we can tell you some things to check. The file names were concerning. There is also a $40 service charge for the totally optional service. Tax professionals can use its products to offer tax filing, refunds, and advance refund services. Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. Collect fees all year long for professional services you offer. Company called tpg products SBTPG llc 220330 deposited $1468. 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. Watch this video to find out if it's a tax refund advancement, Turbotax or some differe. Turbo Tax doesn't know when you get the refund or when the IRS sent it. 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. 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? Tax professionals can charge their service charges separately as well. You should have received a letter if this was the case. Check with transmitter for availability. How many EIP2s will be made by ACH? 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. If not, then IRS is just too slow in updating the refund status page for you. You do not need to use them. instead of it a; Federal property tax products pe1 Fees apply to the ERO only with respect to successful collections. Get answers 24/7 at Support.sbtpg.com. A search shows this is associated with Intuit. TPG Products refers to Santa Barbara Tax Products Group. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. 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. Up to $7,000 available Jan. 2 thru Mar. What's the status of my refund? I am also missing a few thousand I only got $79 i think this is a joke right? SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. Where to cash a TPG-issued check; Account ), https://turbotax.intuit.com/tax-tools/efile-status-lookup/. No telling who might try to contact you and spam/scam you. If I had asked Turbotax to cut a check would there have been such a fee? You'll decide how you want to receive your refund amount too. Once your federal return has been accepted by the IRS, only the IRS has any control. 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 is commonly known as the Tax Products Group (TPG). 3 Online payments provided by AffiniPay, LLC, which is not an affiliate of Santa Barbara Tax Products Group. So that adds up to $120 (or $125 if you are in California.). 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. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. If you look at line 30 of your 1040 and it shows an amount there, and you already received the $1,400 per person last year when they sent out the stimulus payments, this is likely the reason. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. However, this morning I see a deposit of 700 with the description I set as the title. Once the refund amount is issued to TPG, all associated tax preparation fees are withheld and paid, and the remaining refund amount is issued to the taxpayer. They took out $109.00 from my account, and no refund yet?? Just now getting a letter. Nacha estimates that 113 million EIP2s will be made by ACH Direct Deposit. Neither has the IRS. I am an Enrolled Agent. In-season Fast Cash Advance available first day of filing. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. In February 2022, similar issues were posted on Intuit.com. So someone from this company is either ripping taxpayers off or they keyed in the wrong deposit information. The refund only goes though the 3rd party bank when you have the fees deducted from a refund. They obviously have my routing number for my bank account and have already deposited some. How are fees paid? When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. 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. None of the answers regarding this helped me.whether it was on google in general or on here. 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. Menu. Been with Intuit for going on 6 years now. All Rights Reserved. Premier investment & rental property taxes. In California, the fee is $45 (where it is bundled as Premium Services).. 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. You apparently chose the option to have your TurboTax fees paid from your federal refund. IRS tax refund deposit must be received by 5/31/23. 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. TPG offers tax filing and refund services to taxpayers directly as well. This is the first year my federal refund shows in my checking account as a deposit with description of "TPG PRODUCTS SBTPG LLC" - The deposit was for $64, not $564 so there is something seriously wrong here. It also goes by the name of Civista Bank. Tax products pr1 sbtpg llc ppd what does tax products pr1 sbtpg llc mean. I am having this same problem. Check with transmitter for availability. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+. why is there an extra $39.99 charged outside of whats already been listed? It was founded in 1991 and is now a Green Dot company since 2014. 9 Tax debt resolution services provided by Community Tax, LLC which is not an affiliate of Santa Barbara Tax Products Group or Green Dot Corporation. Tax products pr1 sbtpg llc ach. Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days. 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. Did you mail your return in or efile? $39.95 incentive paid by 6/30/23 for . 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. 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. 4. The payment should be received beforeany communication from the IRS is received by mail. 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. You owed back taxes, child support, student loansor something else that caused your refund to be. Why Did I Get My Deposit Less Than What I Expected? The Intuit website has a question posted on March 8, 2022. Visit the IRS Get My Payment FAQs page for more details. https://ttlc.intuit.com/questions/1900596-what-is-refund-processing-service">https://ttlc.intuit.com How to amend (change or correct) a return you' How do I fix e-file reject IND-031-04 or IND-0 Premier investment & rental property taxes. Nope. Where is MY MONEY(?) Or had you already received your Federal refund? That fee is $40 (or $45 for California filers.) Turbo tax has been a great product that I have used for over 20 years without any reservation for my personal and businesstaxes. My refund came through TPG. However, the tax professional may charge you additional fees for tax preparation or other services. ACH credit is an electronic payment method that you may use to pay tax liabilities. What all does it say? Must be enrolled in Standard Refund Transfer program to qualify; all discount programs offered through TPG are excluded from this program. But based on a fee of $125 we can take a guess at what you might have used. Then SBTPG's bank sends the rest of the Federal refund to . * Automated reminders save you time and help you avoid no-shows. in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. The FAST CASH service comes at an APR of 35.99% on your advance refund. Here are some answers to common questions related to fraud. No, SBTPG offers tax services to taxpayers and tax professionals only. What information is incorrect? I filed my refund in April with TurboTax and still haven't recieved it. SBTPG offers different types of tax-related services to taxpayers and tax professionals. My refund amount is off by THOUSANDS of dollars at that and I still havent received my stimulus! Every year it would show as IRS REFUND. 2010-2023 Santa Barbara Tax Products Group, all rights reserved. Since no one from the IRS picks up the phone and u can speak to a live person, Im going to have to make an appointment with my local office. The IRS has struggled to meet taxpayer expectations. 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 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. 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. 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. Estimate your tax refund and where you stand. Terms and conditions are subject to change without notice. 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. Tax Pro Support (Existing client) 800.779.7228. do ir. It's always the exact amount on my return. Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. This is unacceptable & inaccurate. I don't owe any money and entered all my tax information correctly (stimulus/child tax credit payment, etc). I worked for the I.R.S. Tax sbtpg products llc for pe5. A refund from a filed tax return, including an amended tax return or an IRS tax adjustment to your tax account this will show as being from the IRS (IRS TREAS 310) and carry the code TAX REF.. It may show there what they received from the IRS and how much in fees they took out. I just don`t understand !! . Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Article continues below advertisement. If it was the IRS that reduced your refund, there may be a message in the "Where's My Refund" tool if it was due to an offset. the same happens to me they were short $1500 on my return. Required fields are marked *, How To Sign As Power Of Attorney On Tax Return? if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. Check with them to see if they can provide you with an answer.