The organization touts itself as a customer-friendly service provider with reasonable rates. What is this from? So is the IRS "Where's My Refund" tool saying you should receive a deposit by March 4? Here's one, Hey did they ever deposit the rest of your money? Then click onPrint Center. Community Experts online right now. Similarly, your Fast cash loan will incur interest costs as well. Did the IRS WMR tool give you an expected deposit date, even if the bars at the top didn't yet say "sent?" If not, then IRS is just too slow in updating the refund status page for you. For those of you reading this and seeing that OP paid $140 to get a refund. 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? Please return to the forum to see the full comment. Print, save or preview this year's return. Any and all help is greatly appreciated. Taxpayers can file taxes online through tax software like TurboTax. But its still saying I should get my federal refund on March 4th. Therefore, when youll receive the refund, it will be less than what the IRS pays to you. 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. 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. Then SBTPG's bank sends the rest of the Federal refund to your bank account. Click this link for more info on why the IRS may have madeAdjustments to Recovery Rebate Credit. Turbo Tax doesn't know when you get the refund or when the IRS sent it. If none of these apply to you,you willwant to. How to Market Your Business with Webinars. for 33 years. 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. 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. See the TurboTax FAQ link below for more information about why your deposit may be less than expected. Been preparing taxes professionally for 10+ years. 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. The amount at least raises the question. TPG offers tax -related financial products > through a network of tax preparation. @Gatofelix220 Did you claim the Recovery Rebate Credit on your return? The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. . The ID itself is the fee taken out from your refund as part of the agreement when you used these outside services. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. in Mand MBA, Enrolled Agent. That is your federal refund minus the fees. Taxpayers can choose to file and receive their tax refunds through TPG in different ways. This option also has an additional charge from the bank that processes the transaction. It mainly serves taxpayers through a wide range of tax services offered by its tax professional partners, individuals, and online tax preparers. I am an Enrolled Agent. They took out $109.00 from my account, and no refund yet?? I dont owe any child support , no judgments, dont owe the IRS back taxes. I just don`t understand !! Why is that? Just federal and state plus sales tax? SBTPG is the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. Fees? can tax consultant deduut money from my tax refund directly? If the IRS has released it and provided a date, then maybe you got it early. Gov site. for 33 years. Ironically, that would also equal a round number of $3900. It contains or requests illegal information. I did my taxes myself and sent them straight to the IRS I dont use any software. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. Do not use the word refund., https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number. . So if the difference you are seeing is not explained by the product fees (and service charge) or a state refund (which comes separately), then the IRS may have reduced your refund. Did you mail your return in or efile? Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. for 33 years. While that deposit most commonly would be the Federal refund (if you chose to pay fees out of the refund), but did you also expect a stimulus payment of $3,900 by any chance? It also shows their business hours. They have been serving the consumers with tax-related financial products and services. Then from that amount subtract your product fees, and the $40 service fee for that payment method ($45 for California filers), plus possible sales taxes. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. SBTPG has several tax services and each one comes with different costs. The FAST CASH service comes at an APR of 35.99% on your advance refund. Tax professionals can offer a tax refund quickly to their clients through this service. I am waiting for my Federal tax return but I saw this today. Tax products pe2 Tax production pe2 sbtpg llc 140430 Sbtpg llc 3722260102 . This service allows tax professionals to collect their client fees from tax refunds. Step 2: File the tax return The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. This will take you back to the 2019 online tax return. No upfront fees Tax preparation fees are paid from the refund so there's nothing to pay up-front 1 Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.). Federal is deposited separate from your state return. I was suppose to be refunded $936. If you don't use any software then do you get the blank forms and do them by hand? 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. 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. How do I get ahold with TurboTax about these fees? This is a debit/credit card processing service to make payment processing from clients easy. 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. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. I don't have any treasury offset or IRS debt. Watch this video to find out if it's a tax refund advancement, Turbotax or some differe. If that's your situation, then the deposit is confusing. How will my tax refund appear on my bank statement? Been with Intuit for going on 6 years now. I got a deposit in my account for $1800.40. I believe the TurboTax service fee was $140, but I have a Positive deposit of $144.72. You had $40 to Santa Barbara bank plus the TurboTax fees would not add up to over $1,000. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. Sbtpg llc Pe sbtpg llc Tax produbct pe1 R23 sbtpg . I only received 4k back from 10k. the tax preparer stated that i would get my refund within 7-10 days. Tax Products Pe2 Sbtpg Llc Deposit 2021. Tax production direct deposit load The Intuit website has a question posted on March 8, 2022. If so, here's how to check on at the SBTPG website. It is possible for SBTPG to receive and pass along a stimulus payment as a "refund" in some instances. According to Turbotax, I was getting back $3925 for federal and $1344 for state. do ir. It's always the exact amount on my return. What do TAX PRODUCTS PE4 SBTPG LLC means? Community Experts online right now. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. 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 worked for the I.R.S. It will show you how much they received from the IRS, the fees they charged, etc. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Tax products pe2 sbtpg llc deposit. 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. TPG is located in San Diego, California. Community Experts online right now. Money can be deposited into a checking or savings account. Unfortunately, the IRS has been delayed in processing returns, and some people wont receive the amount they expected in their tax refund. Watch popular content from the following creators: Jenna (@jenna.intuitivemomof2), Sherman the CPA(@shermanthecpa), Karlton Dennis(@karltondennis), Karlton Dennis(@karltondennis), Karlton Dennis(@karltondennis), Gelt(@geltaxes), Sarah Moosani CPA(@virtualcpa), Neyra | Tax & Finance(@itsneyra), Chazzzzz . Apply today 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. Ion even know what pe3 stands for, just hoping that's not my tax return. Or are you saying that the WMR tool shows no evidence at all of an expected deposit? BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. TPG Products refers to Santa Barbara Tax Products Group. I remember seeing the tax product thing towards the end of me filing. Ok. The amount deposited from PE2 SBTPG LLC is much less than my federal return should be. Tax products pe2 sbtpg llc direct deposit. Ironically, a stimulus payment could equal a round figure of $3,900 if there are 2 spouses and 3 dependents. If you pay the fees upfront with a credit card before you file you get your full refund directly from the IRS. I am an Enrolled Agent. SBTPG then direct deposits the remainder of the federal tax refund into the account you requested on the federal tax return. The dates for receiving a federal tax refund are only estimates on the TurboTax website. Ask Your Question Fast! in Mand Been with Intuit for going on 6 years now. 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. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. for 33 years. 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)? The state deposit shows as expected. I am an Enrolled Agent. adjustment - your return was adjusted by the IRS, for example, claiming stimulus you actually received. Your refund may be different if you used theRefund Processing Serviceto pay your TurboTax Online fees. I only for few hundred out of 1621? We'll help you get started or pick up where you left off. They just gave you an estimated date. SBTPG stands for Santa Barbara Tax Products Group. A search shows this is associated with Intuit. 2010new Date().getFullYear()>2010&&document.write("-"+new Date().getFullYear()); Santa Barbara Tax Products Group, all rights reserved. Did you choose to pay your TurboTax fees out of your Federal refund? The IRS has struggled to meet taxpayer expectations. If you did, your TurboTax fee plus the additional processing fee is deducted from your federal tax refund. @Ortizj49tkd If you see a transaction listed as Tax Product PE2, typically that refers to the amount you paid TurboTax to prepare your return. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. I've checked with the IRS "Where's my Refund" site and show no adjustments. A respondent said that TurboTax knew about the issue and would issue a refund if the charges for tax preparation were higher than intended. The company identifies itself as a consumer-friendly service provider with fair pricing. The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. Use their little refund tool there. That was a lie!! TPG offers tax filing and refund services to taxpayers directly as well. "PE2" and nothing more? The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Explaining Form W-2? Is that all it said for a description? 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. Some tax professionals offer a 0% APR fast cash loan to their clients separately too. . Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? If needed, you may also call SBTPG at 877-908-7228. my teenage daughter hates me but loves her dad. You do not need to use them. If that's the Federal refund after fee subtraction, the figures you provided imply your TurboTax fees and associated charges are 4124 - 3900 = 224. Online fees know what pe3 stands for, just hoping that 's not my tax directly! Refund on March 4th down your search results by suggesting possible matches as you type refund whenever you to. Client fees from tax refunds through tpg in different ways situation, then maybe you got it early provided! 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