Apparently you requested to have the TurboTax account fees deducted from the federal tax refund. The amount deposited from PE2 SBTPG LLC is much less than my federal return should be. None of the answers regarding this helped me.whether it was on google in general or on here. I recieved my refund on March 30th but it still doesn't show posted on either site??? 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. You would need to explain that more, including what products you used. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. First Century Bank, N.A. SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. Then SBTPGs bank sends the rest of the Federal refund to your bank account. Tax products pe2 sbtpg llc deposit. Money can be deposited into a checking or savings account. If needed, you may also call SBTPG at 877-908-7228.. If that's your situation, then the deposit is confusing. You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? Tax products group tpg 3 doller dopsit . But it can't hurt to see what that tool is showing at SBPTG. I just don`t understand !! Advance tax refunds start from January 2 every year if you have applied for them. 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. SBTPG is an abbreviation for Santa Barbara Tax Products Group. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. It offers tax products to taxpayers and tax professionals. Why is that? I wasnt supposed to be charged fees! It will show you how much they received from the IRS, the fees they charged, etc. I was suppose to be refunded $936. A member of our support staff will respond as soon as possible. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Source: qatax.blogspot.com. **Say "Thanks" by clicking the thumb icon in a post. for 33 years. I'm confused as to what is happening. Who do I contact regarding the Remainder of My Refund? I don't have any treasury offset or IRS debt. Currently, check cashing at Walmart is not available in NJ and NY. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. A state refund comes directly from the state. Or are you missing your state refund? 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? 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. What is it that makes you think that the deposit from Tax Products Group is not a Federal refund? How do I contact Santa Barbara Tax Products Group (SBTPG)? This option also has an additional charge from the bank that processes the transaction. I worked for the I.R.S. I am also missing a few thousand I only got $79 i think this is a joke right? What does tax product mean 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 user noted, I received a deposit from TPG Products. I spent my last 11 years at the I.R.S. After going through the process of preparing your annual tax return, you naturally want to receive your full tax refund and get it promptly. **Disclaimer: Every effort has been made to offer the most correct information possible. Here's the fun part, the amount deposited into my account was $409. that can look at your screen to determine the origin of that charge. Any state refund (if applicable) comes separately in a direct deposit directly from the state tax agency. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. It stands for Santa Barbara Tax Products Group or formally known as TPG. Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? You'll decide how you want to receive your refund amount too. I don't know how or what they have listed. TPG offers tax filing and refund services to taxpayers directly as well. 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. 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. https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information. Santa Barbara Tax Products Group, or SBTPG, is also sometimes abbreviated as "TPG Products" on tax forms. 25K views 9 months ago U.S. Tax Updates If you used TurboTax to prepare and electronically file your federal Form 1040 income tax return, you may have received your tax refund via a third. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. If their clients have past dues, TPG would collect them from the clients on their behalf. Where is MY MONEY(?) 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. There is an EXTRA 39.99 for that Refund Processing Service. I am an Enrolled Agent. Ach dep tpg products Tax products pr1 Ach tax product . 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 got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. You should call the SBTPG and see if they sent you someone else's refund. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. Also be sure you are considering only the Federal refund amount. That deposit descriptor from "PE2" you provided would most commonly be for a Federal refund. On my IRS2GO app it saying my refund isnt even scheduled to come til tomorrow. Sbtpg llc Pe sbtpg llc Tax produbct pe1 R23 sbtpg . https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information. If I had asked Turbotax to cut a check would there have been such a fee? Ask Your Question Fast! Up to $175,000 in cash flow for Tax Pros Purchase software with a no cost loan Get a no cost loan and purchase your tax preparation software today. If so, why is this a partial deposit and where is the rest?. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) 10 Best Business Consultancy and Advisory Services In Cambodia, 10 Best Financial Consulting Firms In Cambodia, How to Account for Uncollectible Accounts? Or are you saying that the WMR tool shows no evidence at all of an expected deposit? My refund amount is off by THOUSANDS of dollars at that and I still havent received my stimulus! The IRS will send you a letter of explanation when your refund is less than you expected you can also get this information by looking up your refund at the IRS Wheres My Refund page.. June 4, 2019 3:05 PM What is tax products pe2? Did you mail your return in or efile? The deposit was for $197.03. See my next comment below on some things to check. Estimate your tax refund and where you stand, **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Yes. The rest of the Federal refund is then sent to your bank account by SBTPG's bank. Once the IRS or State deposits a Taxpayer's refund, all associated fees are deducted from the refund amount and your tax preparation fees are direct deposited into your bank account on file with TPG. Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? Use their little refund tool there. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. What are the five 5 general types of violence? My refund was for $1957.00 minus fee for turbo tax of $60 + $50 and $40 for having the cost taken out of my refund. For instance, if you want to sign up for an early tax refund with TPG. You can check to see if the PE2 payment is a Federal refund by going to the SBTPG website and using their lookup tool. Please click here to learn more about the Offset Program. Is this legit? No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. Scroll down and click onAdd a State. I did not agree to $800+ in processing fees, and I do not have any offset debts. I spent my last 11 years at the I.R.S. THIS IS LEGAL ROBBERY. The amount of money in question does not make sense. Check with them to see if they can provide you with an answer. If you did, your TurboTax fee plus the additional processing fee is deducted from your federal tax refund. They have been serving the consumers with tax-related financial products and services. SBTPG is the bank that takes the Turbo Tax fees out of your federal refund. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. Been with Intuit for going on 6 years now. If you had no fees there would be no reason to involve the 3rd party bank. 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. On the next screen choose "Check with TPG.". The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. Still dealing with the large backlog of returns from last year, in addition to added complexities due to changes in the child tax credit and COVID-19 pandemic-related stimulus checks, the IRS still may not provide full tax refunds as quickly as most people would prefer. Deposit tax products pe2 type. Fees? It might provide some information that will help sort out what the $3900 is. I can't see what the link is. You apparently chose the option to have your TurboTax fees paid from your federal refund. OUTRAGEOUS. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Are PE1 and PE2 Different types of Tax Products? I don't know. What do TAX PRODUCTS PE4 SBTPG LLC means? what was this deposit for? (Example, And Explain). However, the tax professional may charge you additional fees for tax preparation or other services. In February 2022, similar issues were posted on Intuit.com. Ironically, that would also equal a round number of $3900. And if you save a PDF of the return with all the worksheets you will see this in the Bank Processing information. Your refund may be different if you used the Refund Processing Service to pay your TurboTax Online fees. Your Federal refund amount is on your Federal Form 1040, Line 21a. Estimate your self-employment tax and eliminate any surprises. hot young girl escorts. SBTPG has a phone contact page at the following link. You'll have to explain that. I am having this same problem. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. This option also has an additional charge from the bank that processes the transaction. What Is Sales Tax And How To Calculate It? I remember seeing the tax product thing towards the end of me filing. If none of these apply to you,you willwant to. Been with Intuit for going on 6 years now. 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. . Ask for FREE. Some tax professionals offer a 0% APR fast cash loan to their clients separately too. Here are a few frequently asked questions (FAQs) about SBTPG. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new
