December 28, 2020. After giving me the correct totals, it all added up. What do TAX PRODUCTS PE4 SBTPG LLC means? You may have received an email from our partner Santa Barbara Tax Products Group (SBTPG) regarding a hold on your federal refund. Did it ever update? To the leadership of turbo tax, you can blame it on your second party vender. If you paid your TurboTax fees, your refund will be processed by SBTPG. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. it sounds like you had your Turbo Tax fees paid by your refund. 7 Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. The TaxSlayer.com online support page states that it's used for processing tax refunds for people who choose to have their tax preparation fees deducted from their refund. CPACharge is a registered agent of Wells Fargo Bank, N.A., Concord, CA and Citizens Bank, N.A. I am sure you have lost a number of customers for this. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. Get a jump on competitors with pre-built promotional email and text message templates. 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. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Copyright document.write( new Date().getFullYear() ); Santa Barbara Tax Products Group, all rights reserved. It comes with a fee of $30 for every $1,000 after November 30 and $45 for every $1,000 before this date. I think Turbo Tax got the short end on this one. Visit the IRS Get My Payment FAQs page for more details. About Santa Barbara TPG. What do TAX PRODUCTS PE4 SBTPG LLC means? IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. 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. Taxpayers can choose to file and receive their tax refunds through TPG in different ways. Examples include the direct deposits for any government benefits, tax refunds or earnings you receive and for certain tax payments you might make. The IRS will issue direct deposits to taxpayers that requested a direct deposit disbursement or applied for a new debit card when they filed their return. 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 . The American Rescue Plan was signed into law on March 11th, and includes a third round of Economic Impact Payments (EIPs) which will be delivered directly to taxpayers. in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. These are not specific tax products offered by SBTPG. The page that show you the turbotax charges does not show the actual amount that is taken from your federal and state. SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. Sorry you're having trouble, but you're preaching to the choir here. The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. The total refund was about 1600.00 . The refund is from Santa Barbara Tax Products Group. The first stimulus payments are expected to reach taxpayers' bank accounts starting March 17, and the IRS expects to deliver most stimulus payments within the next 3 weeks. If you would like to speak to the IRS, please follow the instructions here. All Rights Reserved. If you efiled you might have upgraded to a higher version and didn't notice the fees if they were selected to be deducted from your refund. Again, if you do not remember getting these payments you can go back through your bank records from July-December. I will not be using TurboTax again. There is an EXTRA 39.99 for that Refund Processing Service. Required fields are marked *, How To Sign As Power Of Attorney On Tax Return? Tax products pr1 sbtpg llc. There may have also been sales taxes, if applicable. The user noted, I received a deposit from TPG Products. Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? They payment was not a fourth stimulus check, but rather a refund for taxpayers who overpaid taxes on unemployment compensation in 2020, Your email address will not be published. Taxpayers are advised to visit the IRS Economic Impact Payments page or IRS Fact Sheet for more information. If this happened, Turbo Tax uses a third party processing service to process your refund. I recieved my refund on March 30th but it still doesn't show posted on either site??? Here's one, Hey did they ever deposit the rest of your money? I am an Enrolled Agent. These are not normal times. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Do they process federal and state returns separately? There may have also been sales taxes, if applicable. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.). It's always the exact amount on my return. Market Realist is a registered trademark. Find our contact information including our hours of operation. Establish a web presence with a landing page to attract clients and promote the products and services you offer. The amount I was suppose to have gotten back is $970. LOL. I think Turbo Tax got the short end on this one. 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. 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. Themost common reasons so far this season are: You should look for a letter from the IRS and if you do not have one or do not receive one, you would need to call the IRS at 800-829-1040 as no one else would have the answer as to why your refund was reduced. The IRS has struggled to meet taxpayer expectations. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. If it was the IRS that reduced your refund, there may be a message in the "Where's My Refund" tool if it was due to an offset. What did you mean by the term "total refund" above? 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. Offer and terms subject to change at any time without prior notice. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. 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. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. I filed my fedral tax return with jackson hewitt on january 19 and haven`t gotten my refund yet, i call the irs and they said it should be february 7, Does your refund come back quicker with the assisted refund from jackson hewitt the online filing? That fee is $40 (or $45 for California filers.). Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. If so, it comes separately in another deposit straight from the state tax agency. i am in the same boat here i was suppose to get 943 and got 521 over 400 dollars less than my tax return stated on turbo tax. It looks like the forum privacy filter redacted your email address above for your privacy/security. 4 Customer must obtain a Refund Transfer (separate fees apply). Tax Pro Website Login to your account at . 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. I don't know how or what they have listed. 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. IRS indicates payments will not be issued to TPG. Tax refund and e-filing are required in order to receive this product. *Available with the free Google or Facebook integration. I don't think they list the Pay with Refund fee. If I have to pay a fee Iwill never use turbo tax again . Turbo Tax really is an excellent product and I am really surprised. Compete with large tax offices and attract or retain more clients with a tax time advance. It would help them secure a debit card with excellent features. You said "bank checking account" above. I spent my last 11 years at the I.R.S. why is there an extra $39.99 charged outside of whats already been listed? The payment should be received beforeany communication from the IRS is received by mail. The tax refund fee through Refund Transfer is $ 39.95 if it is done via direct bank transfer. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. However, you only mentioned that you were waiting on your state refund. IRS tax refund deposit must be received by 5/31/23. Software Purchase Assistance advances provided by Green Dot Corporation. https://ttlc.intuit.com/community/account-management/help/how-many-turbotax-accounts-do-i-have/00/26 How do I clear and start over in TurboTax Onli Premier investment & rental property taxes. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new Dragon Ball Xenoverse 2 How To Get Sword Skills, The Downward Communication Flows From, Articles T