Tax Products Pe1 Phone Number QATAX from qatax.blogspot.com. 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. I spent my last 11 years at the I.R.S. what is this. Ironically, a stimulus payment could equal a round figure of $3,900 if there are 2 spouses and 3 dependents. It might provide some information that will help sort out what the $3900 is. Advance tax refunds start from January 2 every year if you have applied for them. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. We'll help you get started or pick up where you left off. My refund amount is off by THOUSANDS of dollars at that and I still havent received my stimulus! That's the fee TT charges to wihhold the fee from your refund. Learn more about where checks can be cashed. This option also has an additional charge from the bank that processes the transaction. Who is the father of modern social anthropology? It offers a quick and easy refund service to clients. My cash app say Pe4 but my turbo tax hasn't updated. Ask Your Question Fast! Are PE1 and PE2 Different types of Tax Products? Then SBTPG's bank sends the rest of the Federal refund to your bank account. I recieved my refund on March 30th but it still doesn't show posted on either site??? Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card.2. It stands for Santa Barbara Tax Products Group or formally known as TPG. We'll help you get started or pick up where you left off. You had $40 to Santa Barbara bank plus the TurboTax fees would not add up to over $1,000. What is it exactly? It incurs interest costs at an APR of 35.99% currently. Did it ever update? A deposit was added to my account by TAX PRODUCTS PE3 for SBTPG LLC, all questions I found similar to mine was not updated. Go to IRS website 2 Check with TPG To view your refund transfer details Login to TPG Need help? 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. Here is their website link, that has their contact information. Estimate your tax refund and where you stand. 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. SBTPG charges are $39.99 for a tax refund. Been with Intuit for going on 6 years now. How do I contact Santa Barbara Tax Products Group (SBTPG)? 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 amount deposited from PE2 SBTPG LLC is much less than my federal return should be. It is spam / self promotion. It would help them secure a debit card with excellent features. SBTPG is the bank that takes the Turbo Tax fees out of your federal refund. It will show you how much they received from the IRS, the fees they charged, etc. The company identifies itself as a consumer-friendly service provider with fair pricing. Should I be patient or go straight to defcon 5?? I don't know how or what they have listed. A respondent said that TurboTax knew about the issue and would issue a refund if the charges for tax preparation were higher than intended. I spent my last 11 years at the I.R.S. Currently, check cashing at Walmart is not available in NJ and NY. . If you have a question about your TurboTax fees or billing, make sure you use the word billing in your request for help. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. We'll help you get started or pick up where you left off. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.). Some tax professionals offer a 0% APR fast cash loan to their clients separately too. February 8, 2020 11:46 AM. SBTPG is an abbreviation for Santa Barbara Tax Products Group. Source: qatax.blogspot.com. The user noted, I received a deposit from TPG Products. Been preparing taxes professionally for 10+ years. This option also has an additional charge from the bank that processes the transaction. Deposit tax products pe2 type. Taxpayers can choose to file and receive their tax refunds through TPG in different ways. The check limit at Walmart in Connecticut is $6,000 and Florida is $1,999.99 per person per day. 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. But with the Coronavirus situation, a lot of correspondence from the IRS has been put on hold, causing delays. The company identifies itself as a consumer-friendly service provider with fair pricing. That deposit descriptor from "PE2" you provided would most commonly be for a Federal refund. 3 Check with your tax professional or software provider for availability. Normal tax refunds will be processed within two days after the IRS sends them to TPG. They took out $109.00 from my account, and no refund yet?? That is the total of Federal and State added together. What is going on? You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? Offers may be subject to change without notice. However, this morning I see a deposit of 700 with the description I set as the title. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. 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.) Scroll down and click onAdd a State. SBTPG stands for Santa Barbara Tax Products Group. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Money can be deposited into a checking or savings account. . The ID itself is the fee taken out from your refund as part of the agreement when you used these outside services. I know most do but its because they dont know how to file for free. Copyright 2023 Market Realist. No, SBTPG offers tax services to taxpayers and tax professionals only. What does tax product mean on my bank statement? So youre saying the deducted taxes out of my federal and I received the remainder of it? 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. I only received 4k back from 10k. I got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. Find a tax pro in your area and see the tax-related products they offer. 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. It means tax professionals do not need to chase their clients for professional service charges. Click onTax Toolson the left side of the online program screen. I'm not familiar with that. Ive done the same thing every year and never have my taxes said tax products for the deposit. I spent my last 11 years at the I.R.S. This is apparently a common issue among tax-filers this season. **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. 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? I wasnt supposed to be charged fees! We'll help you get started or pick up where you left off. 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. 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. Please return to the forum to see the full comment. I am an Enrolled Agent. If so, here's how to check on at the SBTPG website. There is also an additional $40 service fee for that payment method ($45 for California filers.). Community Experts online right now. I WILL NEVER USE THIS SERVICE AGAIN. Online tax preparers and tax professional services need seasonal expenses. 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. The amount of money in question does not make sense. It is likely from the third-party company whose intermediary bank receives your Federal refund from the IRS, subtracts the fees, then sends the rest of your funds to your bank. Ask Your Question Fast! The FAST CASH service comes at an APR of 35.99% on your advance refund. I've checked with the IRS "Where's my Refund" site and show no adjustments. 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. Been preparing taxes professionally for 10+ years. If i filed my tax return on 1/31/13 direct deposit how long will it take to get refund? Ask for FREE. 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. It is possible for SBTPG to receive and pass along a stimulus payment as a "refund" in some instances. Tax professionals can offer a refund service to their clients using TPG products. It says directly that the total price (taxes included) is $173.98. This processing fee does not make sense unless two things happened: If none of these apply to you,you willwant tocontact a specialistthat can look at your screen to determine the origin of that charge. Federal is deposited separate from your state return. What is tax products pe2 sbtpg llc? Tax professionals can use its products to offer tax filing, refunds, and advance refund services. Oh and you might check 1040 line 30 to see if you claimed an amount for the 1st or 2nd stimulus. If that's your situation, then the deposit is confusing. On the next screen choose "Check with TPG.". No warning, just a deposit. Sbtpg llc Pe sbtpg llc Tax produbct pe1 R23 sbtpg . Use the Taxpayer portal at: Actually, on second thought, that might still not resolve the question, since if SBTPG receives a payment from the IRS that they can't identify as a refund or a stimulus payment, their website says they will process it as a refund and subtract the fees, and send it on to your bank. TurboTax comes in five editions: TurboTax Free - Cost: $0 + $29.99 for each state return. Since the fee is obviously not $2,000, this means the IRS made changes to your refund. Do not use the word refund., https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number. Charging me over $100 for 1040EZ form. . You'll decide how you want to receive your refund amount too. SBTPG offers different types of tax-related services to taxpayers and tax professionals. hot young girl escorts. 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. The fee for me is $305 Im missing thousands back. Ask for FREE. I am an Enrolled Agent. Gov site. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. 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+. 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. It's always the exact amount on my return. However, the tax professional may charge you additional fees for tax preparation or other services. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. Yes I received that description. This is the descriptor for the intermediary company (Santa Barbara Tax Products Group, aka SBTPG) that processes a refund when you choose to pay fees out of the Federal 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? 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. im just using the numbers that are listed in my order details. 4 How will my tax refund appear on my bank statement? 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. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Been with Intuit for going on 6 years now. Any and all help is greatly appreciated. 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 I worked for the I.R.S. See the TurboTax FAQ link below for more information about why your deposit may be less than expected. First Century Bank, N.A. what was this deposit for? If their clients have past dues, TPG would collect them from the clients on their behalf. In addition to the product fees and possible sales tax, there is a $40 service fee for that payment option ($45 for California filers). Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+. 2010new Date().getFullYear()>2010&&document.write("-"+new Date().getFullYear()); Santa Barbara Tax Products Group, all rights reserved. my teenage daughter hates me but loves her dad. 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.) @Gatofelix220 Did you claim the Recovery Rebate Credit on your return? 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. TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. It comes with a fee of $30 for every $1,000 after November 30 and $45 for every $1,000 before this date. Ach dep tpg products Tax products pr1 Ach tax product . Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. The dates for receiving a federal tax refund are only estimates on the TurboTax website. Does SBTPG offer services to taxpayers only? Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? And remember that if the third party bank is involved you are having your TurboTax fees deducted from your refund and you get the rest. 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? **, **Say "Thanks" by clicking the thumb icon in a post. . @Ortizj49tkd If you see a transaction listed as Tax Product PE2, typically that refers to the amount you paid TurboTax to prepare your return. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. I am an Enrolled Agent. That bank is only involved if you used a paid version of the software and then chose to have your fees deducted from your federal 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. Fees? You do not need to use them. When did you get the deposit from Tax Products Group? Ask for FREE. So my tax return should of been $544. Watch this video to find out if it's a tax refund advancement, Turbotax or some differe. Is that all it said for a description? Very soon you might get a direct deposit from TPG Products SBTPG LLC! Tax Product PR2 SBTPG LLC I'm a bit confused right now. But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. Or no? Federal and state are completely separate and refunds come at different times from different places. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. You can check to see if the PE2 payment is a Federal refund by going to the SBTPG website and using their lookup tool. What is tax products pe2? But it can't hurt to see what that tool is showing at SBPTG. You should call the SBTPG and see if they sent you someone else's refund. Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. Ion even know what pe3 stands for, just hoping that's not my tax return. You had a tax due on your tax return andyou had to pay for the tax dues. Even when they are closed, you may be able to get automated info, or you can log into SBTPG as I outlined above. I am an Enrolled Agent. On my IRS2GO app it saying my refund isnt even scheduled to come til tomorrow. SBTPG is the one who deposits your refund if you had any fees deducted from your return. The TurboTax site displays a "total refund" amount at the Tax Home which confuses some users. Community Experts online right now. I called the IRS offset number, the system literally stated I have no debts under my social security number. I'm confused as to what is happening. I got a deposit in my account for $1800.40. adjustment - your return was adjusted by the IRS, for example, claiming stimulus you actually received. Why is that? what was this deposit for? So the federal is 2692.02 less than expected. Ach credit tax products sbtpg llc. Tax professionals can charge their service charges separately as well. Your refund may be different if you used theRefund Processing Serviceto pay your TurboTax Online fees. The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. Did you use Turbo Tax online? It does not contain enough information. 0 Reply jeffcox132 Been with Intuit for going on 6 years now. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. So my federal return was $411. 203 Reduced Refund. What Is TPG Products SBTG LLC? what was this deposit for? The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. 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. The Intuit website has a question posted on March 8, 2022. We use cookies to ensure that we give you the best experience on our website. This will take you back to the 2019 online tax return. To view the fees that are deducted from your return please follow the instructions below. I spent my last 11 years at the I.R.S. I just don`t understand !! They can receive a refund through a check, direct deposit, or ACH transfer. 4 Customer must obtain a Refund Transfer (separate fees apply). It was founded in 1991 and is now a Green Dot company since 2014. What is it that makes you think that the deposit from Tax Products Group is not a Federal refund? 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. TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. 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. in Mand MBA, Enrolled Agent. The IRS has struggled to meet taxpayer expectations. I worked for the I.R.S. Iwont use them again!!! 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Dates for receiving a federal tax refund appear on my return types of tax-related services to taxpayers and tax services... It would help them secure a Debit card with excellent features line 30 to see if they already you! Receive a refund transfer ( separate fees apply ) it was founded in 1991 and is now a Green company. The tax-related Products they offer refund by going to the forum to see what that tool is at. $ 39.99 for a federal refund dont know how to check on at the SBTPG website for California.! Products pr1 ach tax product years at the I.R.S editions: TurboTax -... Tax preparers and tax professional may charge you additional fees for tax preparation or other services has updated... You want to receive your tax products pe2 sbtpg llc deposit Pe3 stands for, just hoping that 's my! Dollars.. was only direct deposited $ 450 vs $ 4,000+ along a stimulus could... Different places not read anywhere on Turbo tax fees out of your federal Florida is $ per...