tax products pe2 sbtpg llc deposit

Up to $175,000 in cash flow for Tax Pros Purchase software with a no cost loan Get a no cost loan and purchase your tax preparation software today. Use the Taxpayer portal at: https://www.sbtpg.com/ My turbotax fees where $173.98. What Is Sales Tax And How To Calculate It? If you have a question about your TurboTax fees or billing, make sure you use the word billing in your request for help. I did check with the IRS. It does not make sense. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. 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. It was founded in 1991 and is now a Green Dot company since 2014. 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 IRS will send you a letter of explanation when your refund is less than you expected you can also get this information by looking up your refund at the IRS Wheres My Refund page.. June 4, 2019 3:05 PM What is tax products pe2? Why Did I Get My Deposit Less Than What I Expected? Since the fee is obviously not $2,000, this means the IRS made changes to your refund. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). It is possible for SBTPG to receive and pass along a stimulus payment as a "refund" in some instances. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. It contains or requests illegal information. What is tax products pr1 SBTPG LLC deposit? 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? Should I be patient or go straight to defcon 5?? 1 Check with the IRS To view your refund status Go to IRS website 2 Check with TPG To view your refund transfer details Login to TPG Need help? A respondent said that TurboTax knew about the issue and would issue a refund if the charges for tax preparation were higher than intended. Tax Pro Help Center Get answers 24/7 at Support.sbtpg.com Tax Pro Support (Existing client) 800.779.7228 Consumer Tax/Taxpayer 877.908.7228 Tax Pro Website Login to your account at pro.sbtpg.com Also of Interest Get setup with TPG today News 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.) TAX PRODUCTS PE1 SBTPG LLC credited and debited my return same day (amount was with fee deducted as expected). 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. 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. That is your federal refund minus the fees. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. If you used the TurboTax online product and used another account, you would have to open that account to find your 2018 tax return. Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. Yes but I only receive $1806.00 , what happens to the rest of the refund. 0 Reply 406lafayette New Member June 7, 2019 4:04 PM Fees? Ask Your Question Fast! What is it that makes you think that the deposit from Tax Products Group is not a Federal refund? 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. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. Who is the father of modern social anthropology? 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. (Example, And Explain). You can check to see if the PE2 payment is a Federal refund by going to the SBTPG website and using their lookup tool. SBTPG is the bank that takes the Turbo Tax fees out of your federal refund. I spent my last 11 years at the I.R.S. https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632, https://support.turbotax.intuit.com/contact. 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. A deposit was added to my account by TAX PRODUCTS PE3 for SBTPG LLC, all questions I found similar to mine was not updated. February 8, 2020 11:46 AM. The file names were concerning. Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. Did you choose to pay your TurboTax fees out of your Federal refund? Who do I contact regarding the Remainder of My Refund? Got refund today with the message `tax products pr1 des:sbtpg llc id`. But I'm almost positive it wasn't that much of a shortage. Your situation is not clear. Jul 14, 2022 Instead, their money was deposited in Santa Barbara Tax Product Group also known as TPG, which is the bank that processes refunds when you 4 How will my tax refund appear on my bank statement? First Century Bank, N.A. Therefore, when youll receive the refund, it will be less than what the IRS pays to you. Ask for FREE. 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. I'm expecting a federal return of about 4200 minus the fees I paid for filing, it should have been 3600. What do TAX PRODUCTS PE4 SBTPG LLC means? 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. SBTPG is an acronym for Santa Barbara Tax Product group. 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. It can take the IRS "Where's My Refund" tool a while to catch up. Premier investment & rental property taxes. Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. I was suppose to be refunded $936. What does it say about your Federal refund? Your TurboTax account will remain at Accepted. Use their little refund tool there. I worked for the I.R.S. 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. The IRS forwarded your federal refund to Santa Barbara Tax Products Group, a third-party processor, so they could deduct the TurboTax account fees and service charge. I spent my last 11 years at the I.R.S. 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. 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. for 33 years. Are there any delays? Money can be deposited into a checking or savings account. mass at st george catholic church However, TurboTax hasn't posted an official response. do ir. Ask Your Question Fast! You had $40 to Santa Barbara bank plus the TurboTax fees would not add up to over $1,000. Deposit tax products pe2 type. I WILL NEVER USE THIS SERVICE AGAIN. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. We'll help you get started or pick up where you left off. What message are you seeing? I did my taxes myself and sent them straight to the IRS I dont use any software. Oh and you might check 1040 line 30 to see if you claimed an amount for the 1st or 2nd stimulus. What does tax product mean on my bank statement? 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 professionals can offer a refund service to their clients using TPG products. If you had no fees there would be no reason to involve the 3rd party bank. The dates for receiving a federal tax refund are only estimates on the TurboTax website. Did the IRS WMR tool give you an expected deposit date, even if the bars at the top didn't yet say "sent?" If none of these apply to you,you willwant to. In February 2022, similar issues were posted on Intuit.com. This is apparently a common issue among tax-filers this season. I do not owe any money to the government. No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. I am an Enrolled Agent. This is a debit/credit card processing service to make payment processing from clients easy. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. in Mand MBA, Enrolled Agent. + Checks up to $7,500 cashed for a cost up to $8. This option also has an additional charge from the bank that processes the transaction. Tax professionals can offer a tax refund quickly to their clients through this service. You may have had a treasury offset, that is when the Treasury Department has seized a portion of your refund to pay a debt. For those of you reading this and seeing that OP paid $140 to get a refund. Turbo Tax doesn't know when you get the refund or when the IRS sent it. But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. If it`s a deposit, it could be your tax refund. All Rights Reserved. Community Experts online right now. 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. I don't know how or what they have listed. . That should have given me a refund of $1807. Community Experts online right now. 2010new Date().getFullYear()>2010&&document.write("-"+new Date().getFullYear()); Santa Barbara Tax Products Group, all rights reserved. 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. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. 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+. The amount I was suppose to have gotten back is $970. A search shows this is associated with Intuit. Go to the SBTPG (Tax Products Group) website below. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. Tax Products Pe1 Phone Number QATAX from qatax.blogspot.com. for 33 years. As tax season approaches, the rise. 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. My refund amount is way off. Estimate your tax refund and where you stand. in Mand MBA, Enrolled Agent. It says directly that the total price (taxes included) is $173.98. I worked for the I.R.S. SBTPG is the one who deposits your refund if you had any fees deducted from your return. Enter the 3 items and click on Sign In. Tax Products Pe2 Sbtpg Llc Deposit 2021. https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information. Please call the Treasury Offset Program at 800-304-3107 to find out if this is what happened to you. 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. That is from the bank that held your refund when you paid your Turbo Tax fees: If your refund was less than expected, please see below for additional details concerning: February 5, 2020 3:38 PM What is tax products pe2? I am an Enrolled Agent. Tax professionals can deduct their fees from the refund directly as well. NOTE: Or were you expecting a stimulus payment of $3900-- are there 2 spouses and 3 dependents? 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.) Santa Barbara Tax Products Group, or SBTPG, is also sometimes abbreviated as "TPG Products" on tax forms. 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. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Deposit tax products pe2 type. Why did I only get $1800.40????? Similarly, your Fast cash loan will incur interest costs as well. A state refund comes directly from the state. But it can't hurt to see what that tool is showing at SBPTG. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.) Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. This service allows tax professionals to collect their client fees from tax refunds. Ask Your Question Fast! This option also has an additional charge from the bank that processes the transaction. 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. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 103,110 Reply. Ask for FREE. TPG Product SBTG LLC is a company that was founded in 1991. TPG offers tax -related financial products > through a network of tax preparation. I got a deposit in my account for $1800.40. I did allow my turbo tax fees to be taken out of the fed return but, it was only suppose to be $40 or so. It does not contain enough information. The TurboTax site displays a "total refund" amount at the Tax Home which confuses some users. I am having this same problem. It offers tax products to taxpayers and tax professionals. If i filed my tax return on 1/31/13 direct deposit how long will it take to get refund? Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The amount at least raises the question. If that's the Federal refund after fee subtraction, the figures you provided imply your TurboTax fees and associated charges are 4124 - 3900 = 224. 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. Go to IRS website 2 Check with TPG To view your refund transfer details Login to TPG Need help? People may receive compensation for some links to products and services on this website. If so, they should send you a letter in about 3 weeks or so explaining why. The user noted, I received a deposit from TPG Products. The IRS sent your federal refund to the third party processor, Santa Barbara Tax Products Group, so they could deduct the TurboTax account fees and their service charge. Also I wasnt supposed to be charged fees, thats the whole point of me saying this. SBTPG is the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. If I receive a deposit from TPG Products Sbtpg LLC but it isnt no where near my whole refund, am I getting that back? Once your refund is approved, the IRS will send your refund to your bank (if you chose direct deposit) or in the mail (if you requested a paper check). 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. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new