What message are you seeing? 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. 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but rather a refund for taxpayers who overpaid taxes on unemployment compensation in 2020, Your email address will not be published. SBTPG has several tax services and each one comes with different costs. If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing. Years in Business: 32. Taxpayers are advised to visit the IRS Economic Impact Payments page or IRS Fact Sheet for more information. My refund came through TPG. If not, you need to provide some info. They can receive a refund through a check, direct deposit, or ACH transfer. If you don't use any software then do you get the blank forms and do them by hand? PE1 and PE2 are tax refund codes that show up on your bank statement when you receive a tax refund applied through SBTPG. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. The payment should be received beforeany communication from the IRS is received by mail. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. I did my taxes myself and sent them straight to the IRS I dont use any software. How long does it take to get my refund? If you pay the fees upfront with a credit card before you file you get your full refund directly from the IRS. 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. Estimate your self-employment tax and eliminate any surprises. What doTAX PRODUCTS PE4 SBTPG LLCmeans? The American Rescue Plan was signed into law on March 11th, and includes a third round of Economic Impact Payments (EIPs) which will be delivered directly to taxpayers. Here is their website link, that has their contact information. Direct deposit tax products pr1 sbtpg llc Tax products pr1 shipg llc deposits Anonymous "They charge an outrageous amount of your refund for merely accepting it and putting" 0 2 ALL assisted refund programs are crap. ACH credit is not the preferred payment option for most taxpayers. Required fields are marked *, How To Sign As Power Of Attorney On Tax Return? Where is MY MONEY(?) Then SBTPG's bank sends the rest of the Federal refund to your bank . How do I file a nonresident state return? So that adds up to $120 (or $125 if you are in California.). TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. TPG offers tax filing and refund services to taxpayers directly as well. Check with them to see if they can provide you with an answer. Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Departments bank account. 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. Tax products pe2 . 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? **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. You didn't say anything about your Federal refund. Gov site. I've checked with the IRS "Where's my Refund" site and show no adjustments. 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".'. SBTPG did not contact me at all. 2010-2023 Santa Barbara Tax Products Group, all rights reserved. What Is TPG Products SBTG LLC? I got much less than expected and will not be using you guys again if this is the case. Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. 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. If you do not remember getting the stimulus payments you can go back through your back records to double check. According to the IRS refund link my refund was deposited on April 4th, so I call Santa Barbara Tax products Group, LLC April 6th and all they can say is that they haven't received it. I don't owe any money and entered all my tax information correctly (stimulus/child tax credit payment, etc). 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? the tax preparer stated that i would get my refund within 7-10 days. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. TPG offers tax-related financial products through a network of tax preparation . im just using the numbers that are listed in my order details. Was it indeed your return? LOL. Fees and limitations apply. Tax products group tpg 3 doller dopsit . in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Ask your provider about other IRS e-file options . Therefore, when youll receive the refund, it will be less than what the IRS pays to you. Ask Your Question Fast! Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Federal and state are completely separate and refunds come at different times from different places. NEW! What to Look For When Choosing an Auditing Firm? Once the refund amount is issued to TPG, all associated tax preparation fees are withheld and paid, and the remaining funds are issued to the taxpayer. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) SBTPG offers different types of tax-related services to taxpayers and tax professionals. (This line has no information on Economic Impact Payments.). The Recovery Rebate is ONLY for those who did not get the. . SBTPG charges are $39.99 for a tax refund. 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. Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions, https://ttlc.intuit.com/questions/2840013-does-accepted-mean-my-refund-is-approved. Fees for other optional products or product features may apply and will be disclosed at the time of application. Collect fees all year long for professional services you offer. It would help them secure a debit card with excellent features. Did you have both Federal and state refunds? Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. I have and i did. TurboTax is committed to protecting your personal information. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. I filed my fedral tax return with jackson hewitt on january 19 and haven`t gotten my refund yet, i call the irs and they said it should be february 7, Does your refund come back quicker with the assisted refund from jackson hewitt the online filing? Have you talked to a SBTPG customer support agent by phone? The ID itself is the fee taken out from your refund as part of the agreement when you used these outside services. Go to turbotax and use" Refund amount is different from what was received. 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. Many refunds are taking longer during the pandemic. what was this deposit for? However, you only mentioned that you were waiting on your state refund. It has been over 2 months. On hold right now with TPG Products and the line has been busy on/off but I'm going to keep calling until I get through to someone because I'm PISSED! The truth is that it was a failure of leadership to choose such a poorlyvettedparty to do business with. Please advise. The amount of the loan and applicable interest will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer from the refund. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. A Green Dot Company NMLS ID# 914924 | Technology Privacy Statement, Tax preparation fees are paid from the refund so there's nothing to pay up-front. No telling who might try to contact you and spam/scam you. 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 funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). Skip to content. 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. A respondent said that TurboTax knew about the issue and would issue a refund if the charges for tax preparation were higher than intended. 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? So someone from this company is either ripping taxpayers off or they keyed in the wrong deposit information. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. PO Box 508 West Chester, OH 45071 | A Green Dot Company NMLS ID 914924 | Technology Privacy Statement, IRS Economic Impact Payment Information page, IRS Economic Impact Payment Information Center. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) This is apparently a common issue among tax-filers this season. This service from TPG offers pre-season funding. Once your federal return has been accepted by the IRS, You need your filing status, your Social Security number and the exact amount. 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. Taxpayers can file taxes online through tax software like TurboTax. Offer and terms subject to change at any time without prior notice. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Check with transmitter for availability. Source: Unsplash, Santa Barbara TPG LinkedIn. Is this legit? We'll help you get started or pick up where you left off. 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. My refund amount is off by THOUSANDS of dollars at that and I still havent received my stimulus! Fees apply to the ERO only with respect to successful collections. It looks like the forum privacy filter redacted your email address above for your privacy/security. In California, the fee is $45 (where it is bundled as Premium Services).. The bank receives your refund, takes out the fees and sends the rest of the refund to you. Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. I worked for the I.R.S. Im having the same issue. 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. Just federal and state plus sales tax? 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. 2022 but it does not show on her account. Visit the IRS Economic Impact Payment Information Center for more details about stimulus payment eligibility, amounts and more. Fees? You did not report the full amount of your Advanced Payments for the Child Tax Credit that you already received. If I have to pay a fee Iwill never use turbo tax again . Tax professionals may issue checks from their office once IRS or state funding is received. There is also a $40 service charge for the totally optional service. Tax products pr1 sbtpg llc ach. I am having this same problem. But you say you haven't filed a tax return? Been with Intuit for going on 6 years now. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. For your privacy and security, please do not post personal info in this public forum. Sorry you're having trouble, but you're preaching to the choir here. I've been using for last 10+ years. Victims or targets of Economic Impact Payment scams should report it immediately to the Federal Trade Commission at www.ftc.gov/complaint. Step by Step Guidance with Example, What is the Price Discrimination? Been with Intuit for going on 6 years now. No, please beware of phishing schemes from identity thieves claiming to be the IRS or another government agency. what does tax products pr1 sbtpg llc mean. It offers a quick and easy refund service to clients. What information is incorrect? if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. I called the IRS offset number, the system literally stated I have no debts under my social security number. in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. 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. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. It may show there what they received from the IRS and how much in fees they took out. @martinholden410. Terms and conditions are subject to change without notice. It also goes by the name of Civista Bank. what was this deposit for? To check on regular tax refund status via automated phone, call, .
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