I have a similar issue. I worked for the I.R.S. Taxpayers can choose to file and receive their tax refunds through TPG in different ways. Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. You requested to have the TurboTax account fees paid from the federal tax refund. (8 Points You Should Assess), 10 Best Business Consultancy and Advisory Services In Cambodia, 10 Best Financial Consulting Firms In Cambodia, How to Account for Uncollectible Accounts? Tax professionals can use its products to offer tax filing, refunds, and advance refund services. Get an advance on your tax preparation fees so you get paid in days, not weeks. Fees apply to the ERO only with respect to successful collections. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. Separate fees for this service apply. What is that for or what line item was adjusted if any. The extra fee is for that optional "pay out of refund" option. 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. About Santa Barbara TPG. Pre Season Funds available only to prior TPG clients. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Here's something else you can check. None of those. what does tax products pr1 sbtpg llc mean. This service from TPG offers pre-season funding. 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. Viewing your IRS account information. What do TAX PRODUCTS PE4 SBTPG LLC means? I got much less than expected and will not be using you guys again if this is the case. It offers tax products to taxpayers and tax professionals, It. I figured it out from the deposit into my account and several other sources. PE1 and PE2 are tax refund codes to denote a refund transaction coming from SBTPG. (This line has no information on Economic Impact Payments.). The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. A state refund comes directly from the state tax agency. I only received 4k back from 10k. I worked for the I.R.S. Where is MY MONEY(?) 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. A search shows this is associated with Intuit. Once your federal return has been accepted by the IRS, only the IRS has any control. All discount programs offered through TPG are excluded from this program. Yes. Normal tax refunds will be processed within two days after the IRS sends them to TPG. The funds were sent to SBTPG and 481.76 of the total was deposited into my account. What Is Tax Products Pr1 Sbtpg Llc? All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. * Automated reminders save you time and help you avoid no-shows. The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. What Is Sales Tax And How To Calculate It? Even when they are closed, you may be able to get automated info, or you can log in as above. 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. Here's the fun part, the amount deposited into my account was $409. You didn't say anything about your Federal refund. Estimate your self-employment tax and eliminate any surprises. Available while supplies last. Compete with large tax offices and attract or retain more clients with a tax time advance. A state refund comes directly from the state. The Recovery Rebate Credit is a special one-time benefit that most people received last year in the form of an Economic Stimulus Payment. Offer and terms subject to change at any time without prior notice. The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. I have used that payment option before without any issues. Been with Intuit for going on 6 years now. We'll help you get started or pick up where you left off. What all does it say? Every year it would show as IRS REFUND. Because I have nothing better to do than work my FT job, take care of my house, 2 kids, 2 dogs and cat. Shouldn't it be $237.02? Waiting is frustratingrefunds are taking longer in many cases. 1Refund Transfers are deposit products using Civista Bank, Member FDIC, that enable certain deductions from the account to be processed. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. What information is incorrect? If needed, you may also call SBTPG at 877-908-7228. That fee is $40 (or $45 for California filers.) Thanks. Have a question for Santa Barbara Tax Products Group (TPG)? in Mand Been with Intuit for going on 6 years now. I'm not complaining everybody loves extra money and I'm keeping it but the status of my 2020 return says its being processed and isn't ready yet so I know that's not what that money is. News; Upgrade to TPG; Products. Waiting is frustratingrefunds are taking longer in many cases. Thank you for the response. Advances subject to approval. Currently, check cashing at Walmart is not available in NJ and NY. In the United . Not all consumers will qualify for a loan or for the maximum loan amount. If I had asked Turbotax to cut a check would there have been such a fee? Here is their website link, that has their contact information. I spent my last 11 years at the I.R.S. Years in Business: 32. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales. The . 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. Get a jump on competitors with pre-built promotional email and text message templates. 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. 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. SBTPG has several tax services and each one comes with different costs. If so, why is this a partial deposit and where is the rest?. The IRS sends the refund to TPG's bank which then sends the fees to Turbotax and what's left to you. I figured it out from the deposit into my account and several other sources. the same happens to me they were short $1500 on my return. why is there an extra $39.99 charged outside of whats already been listed? I filed my refund in April with TurboTax and still haven't recieved it. Company called tpg products SBTPG llc 220330 deposited $1468. I don't know if it's a State or a Federal tax issue. Gov site. Advances provided by Green Dot Bank, Member FDIC. Tax products group tpg 3 doller dopsit . Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? They took out $109.00 from my account, and no refund yet?? instead of it a; Federal property tax products pe1 I think Turbo Tax got the short end on this one. If their clients have past dues, TPG would collect them from the clients on their behalf. I feel sorry for the tax payers who really need this money and the amount is a lot more than what was deposited. Or if you want to phone the IRS, you may be able to inquire. 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. I have tried to find answer to this problem on your site with no luck. Find a tax pro in your area and see the tax-related products they offer. I got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. 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. 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. 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. SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. 7 Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. 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. (Example, And Explain). 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 . They are the 3rd party bank your refund has to go thoughso they can take the fees of of your refund. No one here can see your fees or the amount of your refund. BTW, this is a public Internet forum. I did get an email a month and a half again stating it will be deposited soon. Tax sbtpg products llc for pe5. Therefore, your review page is showing a Direct Deposit to them. **Say "Thanks" by clicking the thumb icon in a post. Smh. To log in, go to the page below, choose the Taxpayer portal, then choose "Check with TPG.". You did not enter that you received the stimulus payment in TurboTax, so your return said you were getting the money back, but the IRS caught it and said, no, you already received it. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. 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? 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. I checked with my IRS ID.ME account and shows a overpayment of $564. Online tax preparers and tax professional services need seasonal expenses. **Disclaimer: Every effort has been made to offer the most correct information possible. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Once TPG receives the refund, your fees are withheld and paid by direct deposit. It has been over 2 months. This product is not a loan. Scammers and identity thieves are already taking the opportunity to prey upon taxpayers with phone calls, text messages and emails. That service fee is avoided if one chooses to pay upfront by credit/debit card. Thats handled by an intermediary company called SBTPG (aka Tax Products Group.) Tax Pro Website Login to your account at . what is this. 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. If you have 2 kids and you see $6,000 on line 28 then the IRS records show that you already received $3,000 in Advanced Child Tax Payments, but you entered that you did not receive any. Available to new and existing TPG clients starting in November.11, Get an advance on your tax preparation fees so you get paid in days, not weeks. The total refund was about 1600.00 . Its on the home screen. I am sure you have lost a number of customers for this. I think Turbo Tax got the short end on this one. The state worked fine but this amount did not. I know most do but its because they dont know how to file for free. Your email address will not be published. For additional information, please see this Help Articleor this TurboTax blog post. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). Most Americans are going to spend countless hours trying to track down and correct the situation, or figure out WHY. 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. i called and the line was busy and said to try back later or tomorrow. vettedparty to do business with. 12 Available to returning clients with 100+ applied Refund Transfers. You may have received an email from our partner Santa Barbara Tax Products Group (SBTPG) regarding a hold on your federal refund. Ask Your Question Fast! Do not click on a link or email if you do not recognize who it is from. I spent my last 11 years at the I.R.S. The IRS Get My Paymenttool is scheduled to be updated on March 15. I worked for the I.R.S. No, please beware of phishing schemes from identity thieves claiming to be the IRS or another government agency. It has been a failure on their part. What's the status of my refund? 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. SBTPG already deposited some of the money, so why are they holding the remainder up now? 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. This is a user community forum. SBTPG has a phone contact page at the following link. I know that money would be taken out for taxes to file. I recieved my refund on March 30th but it still doesn't show posted on either site??? The Intuit website has a question posted on March 8, 2022. Check with transmitter for availability. Iwont use them again!!! 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. They are short staffed; and they are processing millions of tax returns at the same time that they have been burdened with the task of processing millions of stimulus checks. It is not possible for TurboTax to speed up the IRS for you. It stands for Santa Barbara Tax Products Group or formally known as TPG. Tax refund and e-filing are required in order to receive this product. 11 Must opt-in by December 31 to qualify. It acts as a short-term loan for taxpayers as they have to pay interest on this amount until the IRS refunds their taxes. TPG Products refers to Santa Barbara Tax Products Group. SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. I don't know how or what they have listed. I filed my federal and state refund got my federal and still waiting on my ny state refund it was excepted on 02/04/2013.just want a solid answer al; Tax products . If you chose to have your TurboTax fees deducted from your federal refund, that is handled by the third party bank. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. If not, then IRS is just too slow in updating the refund status page for you. Software Purchase Assistance advances provided by Green Dot Corporation. Just federal and state plus sales tax? Taxpayers are advised to visit the IRS Economic Impact Payments page or IRS Fact Sheet for more information. Clients that choose GO2bank are notified when their refund is ready, you can earn a $39.95 incentive. 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? If my deposit storage is not corrected I will not be using Turbotax next year. Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. PATH Act - Creating refund delays; Have questions about a tax filing from last tax season or earlier? Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.). I just don`t understand !! Many tax filers are scratching their heads after receiving a deposit labeled TPG Products. The IRS encourages people to file tax returns electronically and select direct deposit options. I again used Turbo Tax to do my 2019 taxes. Here are a few frequently asked questions (FAQs) about SBTPG. It looks like the forum privacy filter redacted your email address above for your privacy/security. Federal and state are completely separate and refunds come at different times from different places. 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. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. That fee is $40 (or $45 for California filers.). This could include things such as missing income or inaccurately reported income (ex. To check on regular tax refund status via automated phone, call800-829-1954. Tax professionals may issue checks from their office once IRS or state funding is received. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. TurboTax does not receive any updates from the IRS. 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. The refund is from Santa Barbara Tax Products Group. I'm a bit confused right now. 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. Tax products pr1 sbtpg llc. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. Sorry you're having trouble, but you're preaching to the choir here. 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. $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. Unsatisfied with SBTBG of Lake Elsinore, US. Your ONLY source of information about your refund now is the IRS. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. Should I be patient or go straight to defcon 5?? Then SBTPG's bank sends the rest of the Federal refund to . A Green Dot Company | NMLS ID# 914924 | Technology Privacy Statement, Accelerate the growth of your tax practice. People may receive compensation for some links to products and services on this website. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.