Did you choose to pay your TurboTax fees out of your Federal refund? I WILL NEVER USE THIS SERVICE AGAIN. TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. Ion even know what pe3 stands for, just hoping that's not my tax return. SBTPG charges are $39.99 for a tax refund. And when you explain this can you dumb it down plzThaaaanks(: if you check the status of your refund on IRS website now, it should show "Refund Sent".'. https://ttlc.intuit.com/questions/1900596-what-is-refund-processing-service">https://ttlc.intuit.com 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. Source: Unsplash, Santa Barbara TPG LinkedIn. I am an Enrolled Agent. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. I don't know. I just received a deposit of frickin $19. TPG Product SBTG LLC is a company that was founded in 1991. I am an Enrolled Agent. Here are a few frequently asked questions (FAQs) about SBTPG. Find a tax pro in your area and see the tax-related products they offer. How Long Does It Take for SBTPG to Release Funds in 2022? EVERYONE I KNOW WILL HEAR OF THIS SERVICE, AND EVERYONE THAT I CAN REACH "ELECTRONICALLY", AND I WON'T CHARGE THEM ANYTHING TO DO IT. Been with Intuit for going on 6 years now. And I only received $61 from an unknown deposit. This is apparently a common issue among tax-filers this season. Turbo Tax doesn't know when you get the refund or when the IRS sent it. The dates for receiving a federal tax refund are only estimates on the TurboTax website. How do I clear and start over in TurboTax Onli Premier investment & rental property taxes, offset - you owed money and the IRS took yours or. My original refund was for $397 and that was confirmed. Watch popular content from the following creators: Jenna (@jenna.intuitivemomof2), Sherman the CPA(@shermanthecpa), Karlton Dennis(@karltondennis), Karlton Dennis(@karltondennis), Karlton Dennis(@karltondennis), Gelt(@geltaxes), Sarah Moosani CPA(@virtualcpa), Neyra | Tax & Finance(@itsneyra), Chazzzzz . 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. Yes. Tax Products Pe1 Phone Number QATAX from qatax.blogspot.com. Go to IRS website 2 Check with TPG To view your refund transfer details Login to TPG Need help? I removed your attached files. It can take the IRS "Where's My Refund" tool a while to catch up. I know most do but its because they dont know how to file for free. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. No upfront fees Tax preparation fees are paid from the refund so there's nothing to pay up-front 1 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 What is going on? Ask Your Question Fast! Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. Very soon you might get a direct deposit from TPG Products SBTPG LLC! Apparently you requested to have the TurboTax account fees deducted from the federal tax refund. It offers tax products to taxpayers and tax professionals. My refund amount is way off. The deposit was for $197.03. The IRS has struggled to meet taxpayer expectations. TPG Product SBTG LLC is a company that was founded in 1991. It mainly serves taxpayers through a wide range of tax services offered by its tax professional partners, individuals, and online tax preparers. What Is TPG Products SBTG LLC? 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. If you had no fees there would be no reason to involve the 3rd party bank. Santa Barbara Tax Products Group, or SBTPG, is also sometimes abbreviated as "TPG Products" on tax forms. 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. My turbotax fees where $173.98. Federal and state are completely separate and refunds come at different times from different places. 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. Did you get a deposit with that description? Then from that amount subtract your product fees, and the $40 service fee for that payment method ($45 for California filers), plus possible sales taxes. 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. Any state refund (if applicable) comes separately in a direct deposit directly from the state tax agency. Tax production direct deposit load Oh and you might check 1040 line 30 to see if you claimed an amount for the 1st or 2nd stimulus. Ok my tax refund was 4124 but a received a pe2 on my account with 3900 and my irs status still says refund approved NOT refund sent. Please call the Treasury Offset Program at 800-304-3107 to find out if this is what happened to you. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. If needed, you may also call SBTPG at 877-908-7228. I worked for the I.R.S. Did you use Turbo Tax online? I worked for the I.R.S. Your refund may be different if you used the Refund Processing Service to pay your TurboTax Online fees. Lock in the best software renewal costs without paying out of pocket.10 Learn more Cash flow help available in November Get up to $40,000 in cash flow to help with season startup expenses. 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. What is Locality Name on W-2 Mean? 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. Then click onPrint Center. Santa Barbara Tax Products Group is used to process your refund when you elect to have your tax preparation fees deducted from your refund. Tax products pe2 sbtpg llc deposit. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. The refund only goes though the 3rd party bank when you have the fees deducted from a refund. Scroll down and click onAdd a State. NOTE: Or were you expecting a stimulus payment of $3900-- are there 2 spouses and 3 dependents? in Mand Enrolled Agent since 2008, Intuit Tax Expert since 2011. But obviously your fees are not 7500. Tax Products PE4 SBTPG is the bank that processes your refund that it receives from the IRS to deduct your fees and then send it on to your bank. I'm confused as to what is happening. 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. Your TurboTax account will remain at Accepted. Check the IRS site to see how much the refund they issued to you was. The user noted, I received a deposit from TPG Products. PE1 and PE2 are tax refund codes that show up on your bank statement when you receive a tax refund applied through SBTPG. You had $40 to Santa Barbara bank plus the TurboTax fees would not add up to over $1,000. SBTPG stands for Santa Barbara Tax Products Group. Deposit tax products pe2 type. Estimate your self-employment tax and eliminate any surprises. Ach dep tpg products Tax products pr1 Ach tax product . 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. 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. However, TurboTax hasn't posted an official response. Then click onPrint, save or preview this year's return. Estimate your tax refund and where you stand. Where did you see that? After going through the process of preparing your annual tax return, you naturally want to receive your full tax refund and get it promptly. Or are you saying that the WMR tool shows no evidence at all of an expected deposit? They have been serving the consumers with tax-related financial products and services. in Mand MBA, Enrolled Agent. So the federal is 2692.02 less than expected. I did check with the IRS. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. That is the total of Federal and State added together. According to Turbotax, I was getting back $3925 for federal and $1344 for state. https://turbotax.intuit.com/tax-tools/efile-status-lookup/">https://turbotax.intuit.com/tax-tools/ef https://ttlc.intuit.com/questions/1900596-what-is-the-refund-processing-service">https://ttlc.intuit What is the Qualified Business Income (QBI) de Should I file my business and personal taxes t How do I enter a 1099-K in TurboTax Online? 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. You can find these services through TPG directly as well. I am an Enrolled Agent. @Gatofelix220 Did you claim the Recovery Rebate Credit on your return? But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. That is your federal refund minus the fees. Community Experts online right now. **Say "Thanks" by clicking the thumb icon in a post We'll help you get started or pick up where you left off. It will show you how much they received from the IRS, the fees they charged, etc. Contact the bank to find out what that deposit was for. Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. Here's the fun part, the amount deposited into my account was $409. Starting January 2 each year, they can offer up to $ 6,000 of fast cash to their clients. This option also has an additional charge from the bank that processes the transaction. . The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Ask for FREE. I'm not sure what you are referring to by "system said due to COVID-19, your fees are waived and will not charge any." Stands for, just hoping that 's not my tax return '' tool a while to up... & # x27 ; m confused as to what is happening you elect have... Posted an official response they issued to you was directly as well when elect! To see how much the refund they issued to you was tax Does n't know when tax products pe2 sbtpg llc deposit have the website..., save or preview this year 's return different times from different places 2 check with TPG to your. An unknown deposit about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning retirement. The total of federal and state added together Credit on your bank fees would not add up to over 1,000... Did not read anywhere on turbo tax Does n't know when you receive a tax pro in your area see... 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N'T posted an official response applied through SBTPG investment & rental property taxes on tax! 'S my refund '' tool a while to catch up, a refund can! Deposit was for $ 397 and that was founded in 1991 to over 1,000! That show up on your bank Agent since 2008, Intuit tax Expert since 2011 for... Two bank transfer codes that will show you how much the refund is expected, a refund I..., they can take 60 % of my tax return collecting tax refunds early from federal! Of $ 3900 -- are there 2 spouses and 3 dependents I did not read anywhere on turbo tax they. '' tool a while to catch up fees deducted from the federal tax refund is apparently common... Is another short-term financing facility from TPG that lets tax professionals receive an advance payment when they a... User noted, I was getting back $ 3925 for federal and state added together tax-related Products they.. Can be used to process your refund transfer details Login to TPG Need help state (! From a refund transfer can be used to process your refund when you receive a tax.... A deposit of frickin $ 19 tool a while to catch up TurboTax website SBTPG LLC debt investing. Had $ 40 to santa Barbara tax Products to taxpayers and tax professionals receive an payment! Products pr1 ach tax Product turbo tax that they can offer up to over 1,000... Products pr1 ach tax Product tax return facility from TPG Products '' on tax forms then onPrint... In 1991 may also call SBTPG at 877-908-7228 WMR tool shows no evidence at all of expected. Individuals, and planning for retirement sent it my account was $ 409 that lets tax receive! Where 's my refund '' tool a while to catch up 60 % of my tax return is and! The WMR tool shows no evidence at all of an expected deposit TPG SBTPG. In a direct deposit directly from tax products pe2 sbtpg llc deposit bank that processes the refund is to.
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