What happens if my direct deposit is returned? Really--are you blaming TurboTax for the pandemic that caused the IRS to become backlogged? $39.95 incentive paid by 6/30/23 for taxpayers with Fast Cash Advance and IRS-funded Refund Transfer deposited to a GO2bank Visa Debit Card. What is tax products pe1 sbtpg LLC???????? The deposit was for $197.03. So someone from this company is either ripping taxpayers off or they keyed in the wrong deposit information. All loans have an Annual Percentage Rate (APR) of 35.99%. SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. Similarly, your Fast cash loan will incur interest costs as well. TAX PRODUCTS PE1 SBTPG LLC credited and debited my return same day (amount was with fee deducted as expected). If you would like to speak to the IRS, please follow the instructions here. Tax Pro Support (Existing client) 800.779.7228. There may have also been sales taxes, if applicable. Offer and terms subject to change at any time without prior notice. ACH credit is an electronic payment method that you may use to pay tax liabilities. Do they process federal and state returns separately? Taxpayers that requested a check printed from their tax professional's office or Walmart Direct2Cash may receive their 3rd stimulus payment by paper check mailed to the last known address on file with the IRS, or on anEconomic Impact Payment Cardwhich is a prepaid debit card issued by US Treasury. You may have received an email from our partner Santa Barbara Tax Products Group (SBTPG) regarding a hold on your federal refund. IRS indicates payments will not be issued to TPG. Neither has the IRS. That is your federal refund minus the fees. Starting January 2 each year, they can offer up to $ 6,000 of fast cash to their clients. https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information. Compete with large tax offices and attract or retain more clients with a tax time advance. Some tax professionals offer a 0% APR fast cash loan to their clients separately too. I got much less than expected and will not be using you guys again if this is the case. I don't know if it's a State or a Federal tax issue. I've been using for last 10+ years. I spent my last 11 years at the I.R.S. I have life lock and I have a clean SSI according to them. What do TAX PRODUCTS PE4 SBTPG LLC means? what was this deposit for? They have been serving the consumers with tax-related financial products and services. Turbo Tax executives have failed in setting up this arrangement. The tax refund fee through Refund Transfer is $ 39.95 if it is done via direct bank transfer. I know most do but its because they dont know how to file for free. We'll help you get started or pick up where you left off. A search shows this is associated with Intuit. You apparently chose the option to have your TurboTax fees paid from your federal refund. Ive done the same thing every year and never have my taxes said tax products for the deposit. you entered $5,500 for your W2 box 1 instead of $15,500). Unbanked taxpayers may receive their 3rd stimulus payment by paper check mailed to the last known address on file with the IRS, or on anEconomic Impact Payment Cardwhich is a prepaid debit card issued by US Treasury. It means tax professionals do not need to chase their clients for professional service charges. Turbo Tax really is an excellent product and I am really surprised. Don't send clients to a competitor. Tax products pr1 sbtpg llc ppd Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card.2. Are you getting both a Federal refund and a State refund? Is the missing amount explained by a state refund that you haven't yet received? SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. For instance, if you want to sign up for an early tax refund with TPG. 6 Cards issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. But we can tell you some things to check. It may show there what they received from the IRS and how much in fees they took out. Must be enrolled in Standard Refund Transfer program to qualify; all discount programs offered through TPG are excluded from this program. 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. The file names were concerning. Been part of TTLive, Full Service TTL, was part of Accuracy guaran TPG PRODUCTS SBTPG LLC - Deposit less than refund amount. If you do not remember getting the stimulus payments you can go back through your back records to double check. The first stimulus payments are expected to reach taxpayers' bank accounts by March 17, and the IRS expects to deliver most stimulus payments by early April. ), https://turbotax.intuit.com/tax-tools/efile-status-lookup/. Again, if you do not remember getting these payments you can go back through your bank records from July-December. 13Separate fees apply for the Marketing Pro service. Advances subject to approval. If enrolled through a service bureau, please check with bureau associate for details on incentive payment. Tax refund and e-filing are required in order to receive Refund Transfer. $1600? 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. Ask Your Question Fast! No telling who might try to contact you and spam/scam you. There is an EXTRA 39.99 for that Refund Processing Service. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. for 33 years. I filed with turbo tax, accepted the deposit to credit karma (they offered $100 bonus to have it deposited there) instead of my credit Union like an idiot now I am missing $1923 from my . Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. What all does it say? Visit the IRS Economic Impact Payment Information Center for more details about stimulus payment eligibility, amounts and more. 2 GO2bank cards are issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. SBTPG already deposited some of the money, so why are they holding the remainder up now? SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. Here are some answers to common questions related to fraud. What do TAX PRODUCTS PE4 SBTPG LLC means?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.The refund is sent to them, the fees are deducted, and then the . Here's one, Hey did they ever deposit the rest of your money? It stands for Santa Barbara Tax Products Group or formally known as TPG. It's always the exact amount on my return. This is a user community forum, not a direct route to TurboTax Support. 3. The FAST CASH service comes at an APR of 35.99% on your advance refund. The total refund was about 1600.00 . 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 poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. Federal and state are completely separate and refunds come at different times from different places. Partner with tax debt resolution specialists to provide above and beyond protection to your clients without investing time and resources to offer these services internally.9, Get a no cost loan and purchase your tax preparation software today. Since TPG does not have any visibility into the status, amount or timing of EIP stimulus payments we are unable to answer any questions regarding these payments. To check on regular tax refund status via automated phone, call, . 12 Available to returning clients with 100+ applied Refund Transfers. My refund amount is off by THOUSANDS of dollars at that and I still havent received my stimulus! What is tax products pr1 SBTPG LLC deposit? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. This is apparently a common issue among tax-filers this season. Up to $175,000available to qualified tax pros.11. trabajos en manhattan de limpieza / united rentals spreader bar / what does tax products pr1 sbtpg llc mean. You should have received a letter if this was the case. Im having the same issue. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales tax. None of the answers regarding this helped me.whether it was on google in general or on here. Every year it would show as IRS REFUND. And is your Federal refund on your Federal return Form 1040, Line 21a approx. Taxpayers can choose to file and receive their tax refunds through TPG in different ways. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. This service from TPG offers pre-season funding. How much does it cost to pay taxes with sbtpg? The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. The IRS is required to mail a written notice to taxpayers nolater than 15 daysafter distributing an Economic Impact Payment. 17. What information is incorrect? Needless to say, I won't be using Turbo tax EVER AGAIN. That fee is $40 (or $45 for California filers.) 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. I am sure you have lost a number of customers for this. 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. Must be enrolled in the standard Refund Transfer program to qualify for standard pricing; all discount programs offered through TPG are subject to other pricing. I again used Turbo Tax to do my 2019 taxes. If you don't use any software then do you get the blank forms and do them by hand? The total refund was about 1600.00 . 1 This product provided by Santa Barbara Tax Products Group, LLC enables certain deductions from the account to be processed. If it was from Tax Products Group, then that would be the Federal refund. However, TurboTax hasn't posted an official response. Pre Season Funds available only to prior TPG clients. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. If needed, you may also call SBTPG at 877-908-7228. It is another short-term financing facility from TPG that lets tax professionals receive an advance payment when they make a tax filing through TPG. The . Copyright document.write( new Date().getFullYear() ); Santa Barbara Tax Products Group, all rights reserved. This did not happen last time. it sounds like you had your Turbo Tax fees paid by your refund. Fees for other optional products or product features may apply and will be disclosed at the time of application. Have a question for Santa Barbara Tax Products Group (TPG)? Thanks. 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. Fees and limitations apply. Therefore, your review page is showing a Direct Deposit to them. Are PE1 and PE2 Different types of Tax Products? GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. Not all consumers will qualify for a loan or for the maximum loan amount. 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. This product is not a loan. what was this deposit for? I went to go check my refund in my bank account and it is coming from a company called TPG PRODUCTS DES:SBTPG LLC and is $200 less than it should be. 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. TPG offers tax-related financial products through a network of tax preparation . Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? 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. It offers a quick and easy refund service to clients. Community Experts online right now. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 103,481 Reply. 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. The truth is that it was a failure of leadership to choose such a poorlyvettedparty to do business with. This notice to the taxpayer will indicate the payment amount, whether the payment was mailed or direct deposited, and a phone number to call if the taxpayer did not receive the payment. I spent my last 11 years at the I.R.S. ACH credit is not the preferred payment option for most taxpayers. My turbotax fees where $173.98. IRS tax refund deposit must be received by 5/31/23. Get a jump on competitors with pre-built promotional email and text message templates. Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. It incurs interest costs at an APR of 35.99% currently. 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. The fee for me is $305 Im missing thousands back. Offer cash before they can access their refund.4,5 There's no ERO fee* when clients receive their refund and post-ACK advance loan on a GO2bank Visa Debit Card.6, Clients that select the Refund Transfer can now open a GO2bank account and access their refund using a GO2bank Visa Debit Card. You said "bank checking account" above. Founded in 1991, Santa Barbara Tax Products Group (TPG) became a Green Dot company in 2014. After going through the process of preparing your annual tax return, you naturally want to receive your full tax refund and get it promptly. 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 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. If you r refund was reduced, the IRS will send you a letter in the mail explaining the reasoning. What is that for or what line item was adjusted if any. You can look on your IRS account and look up account/record transcripts which are summarized or detailed. 11085 N Torrey Pines Rd Ste 210, La Jolla, CA 92037-1015. Most Americans are going to spend countless hours trying to track down and correct the situation, or figure out WHY. Find a tax pro in your area and see the tax-related products they offer. They took out $109.00 from my account, and no refund yet?? SBTPG offers different types of tax-related services to taxpayers and tax professionals. 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? SBTPG has several tax services and each one comes with different costs. 2022 Guide to Get Form W2 from Kohls (Current and Former Employees), Refund Transfer Santa Barbara Tax Products Group (sbtpg.com), Deferred Tax Liability: Definition, Example, And Calculation, Deferred Tax Assets Definition, Example, and Why the Deferred Tax Asset Arises, What is Deferred Tax? About Santa Barbara TPG. How Long Does It Take for SBTPG to Release Funds in 2022? Get a no cost loan and purchase your tax preparation software today. Terms and conditions are subject to change without notice. I don't think they list the Pay with Refund fee. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. Taxpayers that filed their 2019 tax return are not required to sign up or pay a fee in order to receive an Economic Impact Payment. *Available with the free Google or Facebook integration.