These are not normal times. So youre saying the deducted taxes out of my federal and I received the remainder of it? Tax returns may be filed electronically without applying for this loan. An IRS letter is coming so maybe that will give me some answers. Turbo Tax guarantee promises were keptby Turbo Tax. 2022 but it does not show on her account. Fees? Then SBTPGs bank sends the rest of the Federal refund to your bank account. 59 Comments. For your privacy and security, please do not post personal info in this public forum. SBTPG already deposited some of the money, so why are they holding the remainder up now? What is that for or what line item was adjusted if any. 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. what was this deposit for? The Federal refund you are due will be the figure on your Form 1040, Line 35a, minus the TurboTax product fees, and minus the $40 (or $45) service fee for that payment option. Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. No telling who might try to contact you and spam/scam you. If you have a prepaid card or a bank that releases your deposit early, you will see your money in your account in the afternoon around 3 or 4pm. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new2010&&document.write("-"+new Date().getFullYear()); Santa Barbara Tax Products Group, all rights reserved. you entered $5,500 for your W2 box 1 instead of $15,500). Then SBTPG's bank sends the rest of the Federal refund to your bank . You should call the SBTPG and see if they sent you someone else's refund. Here are some answers to common questions related to fraud. The IRS Get My Paymenttool is scheduled to be updated on March 15. I did my taxes myself and sent them straight to the IRS I dont use any software. I worked for the I.R.S. 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. If their clients have past dues, TPG would collect them from the clients on their behalf. I called turbotax and the support gentleman fully explained to me the charges . 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. They can receive a refund through a check, direct deposit, or ACH transfer. TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. Skip the wait to get paid with a fee advance. How are fees paid? 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. 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 . Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. 3 Check with your tax professional or software provider for availability. It also shows their business hours. 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. Pre Season Funds available only to prior TPG clients. im just using the numbers that are listed in my order details. 11085 N Torrey Pines Rd Ste 210, La Jolla, CA 92037-1015. To the leadership of turbo tax, you can blame it on your second party vender. Oh boy. (This line has no information on Economic Impact Payments. I think Turbo Tax got the short end on this one. The company identifies itself as a consumer-friendly service provider with fair pricing. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. I received an unusual sum from "TAX PRODUCTS PE4 SBTPG LLC 20190220" I've never had this happen before. 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? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. 2010-2023 Santa Barbara Tax Products Group, all rights reserved. A search shows this is associated with Intuit. 2022 Guide to Get W2 Form From Kroger (For Current & Previous Employee). Nope. why is there an extra $39.99 charged outside of whats already been listed? The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Check with transmitter for availability. Shouldn't it be $237.02? They can receive a refund through a check, direct deposit, or ACH transfer. What Is TPG Products SBTG LLC? NEW! Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. We don't know what the $230 includes unless you list the products you used. A refund from a filed tax return, including an amended tax return or an IRS tax adjustment to your tax account this will show as being from the IRS (IRS TREAS 310) and carry the code TAX REF.. 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. Get a jump on competitors with pre-built promotional email and text message templates. 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. That description you posted looks like a deposit from the intermediary company (SBTPG) that first receives your funds from the IRS, then subtracts the TurboTax fees, then sends the rest to your bank account (or card.) The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. I got much less than expected and will not be using you guys again if this is the case. Did you talk to an IRS agent, and they confirmed that the IRS did not reduce your refund, and that they sent approx. I HAVE found a lot of complaints about TAX PRODUCTS PE1 SBTPG LLC who you do business with . Tax products pe1 sbtpg llc orig university b showed a deposit into my bank account for 1288 my returns should have been about 500 more. That was where the issue lies. I spent my last 11 years at the I.R.S. Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Departments bank account. Definition, Example and more. You requested to have the TurboTax account fees paid from the federal tax refund. *Available with the free Google or Facebook integration. It incurs interest costs at an APR of 35.99% currently. Taxpayers are advised to visit the IRS Economic Impact Payments page or IRS Fact Sheet for more information. Tax products pr1 sbtpg llc. ", I filed my taxes with turbo tax and my refund was 4900 and when I got my refund it was only 1800 and have seen a couple people having the same issue. To check on regular tax refund status via automated phone, call, . Estimate your self-employment tax and eliminate any surprises. I figured it out from the deposit into my account and several other sources. Sorry you're having trouble, but you're preaching to the choir here. The user noted, I received a deposit from TPG Products. 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. 877.908.7228. Clients that select the Refund Transfer can now open a GO2bank account and access their refund using a, . All loans have an Annual Percentage Rate (APR) of 35.99%. December 28, 2020. 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. Offers may be subject to change without notice. Once TPG receives the refund, your fees are withheld and paid by direct deposit.1. It is commonly known as the Tax Products Group (TPG). You said "bank checking account" above. Did you have both Federal and state refunds? The IRS is required to mail a written notice to taxpayers nolater than 15 daysafter distributing an Economic Impact Payment. Available while supplies last. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. Santa Barbara Tax Products Group is used to process your refund when you elect to have your tax preparation fees deducted from your refund. So my federal return was $411. 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. 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'm waiting for my State tax refund of $635.00 and I see the title above for $875.01 deposit to my Bank checking account. How long does it take to get my refund? That's handled by an intermediary company called SBTPG (aka Tax Products Group.) 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. Really--are you blaming TurboTax for the pandemic that caused the IRS to become backlogged? If so, why is this a partial deposit and where is the rest?. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. I WILL NEVER USE TURBO TAX AGAIN. Terms and conditions are subject to change without notice. Did it ever update? The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment.
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