SBTPG did not contact me at all. Again, if you do not remember getting these payments you can go back through your bank records from July-December. webtaxpayer - Santa Barbara Tax Products Group So someone from this company is either ripping taxpayers off or they keyed in the wrong deposit information. I worked for the I.R.S. You should have received a letter if this was the case. What are Tax Products PE1 and PE2 SBTPG LLC Deposits? (Solution). Advances provided by Green Dot Bank, Member FDIC. What is this from? A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. After going through the process of preparing your annual tax return, you naturally want to receive your full tax refund and get it promptly. 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. 2022 Guide to Get W2 Form From Kroger (For Current & Previous Employee). In California, the fee is $45 (where it is bundled as Premium Services).. My cash app say Pe4 but my turbo tax hasn't updated. This did not happen last time. Get a jump on competitors with pre-built promotional email and text message templates. Fees apply. Here are a few key products offered to tax professionals and online tax preparers. PDF ACH Network Rules Pandemic-Related Frequently Asked Questions They obviously have my routing number for my bank account and have already deposited some. Then SBTPG's bank sends the rest of the Federal refund to . 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. 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. 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. it sounds like you had your Turbo Tax fees paid by your refund. 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. Once your federal return has been accepted by the IRS, You need your filing status, your Social Security number and the exact amount. Really--are you blaming TurboTax for the pandemic that caused the IRS to become backlogged? Ask your preparer about other IRS e-file options, some of which are provided at no additional cost. I am an Enrolled Agent. 44. Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. 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. What all does it say? Did you mail your return in or efile? *Available with the free Google or Facebook integration. What Does Tax Products Pe5 Sbtpg Llc5646 Tax Pro Support (Existing If you paid your TurboTax fees, your refund will be processed by SBTPG. If you chose to get cash through Wells Fargo bank or Walmart, it will cost you an additional $10 and $8 per check respectively. You didn't say anything about your Federal refund. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. Collect fees all year long for professional services you offer.3, Compete with large tax offices and attract or retain more clients with a tax time advance. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. It offers a quick and easy refund service to clients. What is tax products for pe5 sbtpg llc? - Ask Me Fast 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. Some tax professionals offer a 0% APR fast cash loan to their clients separately too. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. After giving me the correct totals, it all added up. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. 1Refund Transfers are deposit products using Civista Bank, Member FDIC, that enable certain deductions from the account to be processed. 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. My turbotax fees where $173.98. (This line has no information on Economic Impact Payments.). Free marketing resources and premium displays, Big changes to our tax refund advance loan, TPG now offering tax debt resolution services. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales tax. However, TurboTax hasn't posted an official response. Then SBTPG's bank sends the rest of the Federal refund to your bank . If you chose to have your TurboTax fees deducted from your federal refund, that is handled by the third party bank. That fee is $40 (or $45 for California filers.) Your website includes a secure client portal for exchanging documents with clients. Tax professionals can offer a tax refund quickly to their clients through this service. The deposit was for $197.03. https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions, https://ttlc.intuit.com/questions/2840013-does-accepted-mean-my-refund-is-approved. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. I have and i did. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. Smh. If so, it comes separately in another deposit straight from the state tax agency. Or had you already received your Federal refund? Many people either didn't realize they did receive it or they forgot, but end up seeing it when they go back through their records. But based on a fee of $125 we can take a guess at what you might have used. 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. Unfortunately, there was nothing indicating that it would be a timely deposit into our account or that they fully vetted their partners on their ability to offer the same level of service Turbo Tax has provided throughout the years. I spent my last 11 years at the I.R.S. 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. Founded in 1991, Santa Barbara Tax Products Group (TPG) became a Green Dot company in 2014. You do not need to use them. Optional: Pay fees out of Federal refund: Additional service fee of $40 or $45, depending on whether it's California or not. Does SBTPG offer services to taxpayers only? Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. (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? 877.908.7228. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. Taxpayers can directly choose the services of TPG without availing of their tax filing services as well. If you look at line 30 of your 1040 and it shows an amount there, and you already received the $1,400 per person last year when they sent out the stimulus payments, this is likely the reason. The IRS sends the refund to TPG's bank which then sends the fees to Turbotax and what's left to you. I don't know how or what they have listed. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. vettedparty to do business with. for 33 years. And when you use the taxpayer tool at the SBTPG website to look up your refund, when you enter your info, does it say how much they received from the IRS? This is a user community forum, not a direct route to TurboTax Support. Turbo Tax really is an excellent product and I am really surprised. Here are a few frequently asked questions (FAQs) about SBTPG. Tax products pr1 sbtpg llc ppd SBTPG already deposited some of the money, so why are they holding the remainder up now? The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. News; Upgrade to TPG; Products. What did you mean by the term "total refund" above? 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. 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. If it was from Tax Products Group, then that would be the Federal refund. Do they process federal and state returns separately? Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. About Santa Barbara TPG. Neither has the IRS. It may show there what they received from the IRS and how much in fees they took out. 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? Most Americans are going to spend countless hours trying to track down and correct the situation, or figure out WHY. TurboTax does not receive any updates from the IRS. I got much less than expected and will not be using you guys again if this is the case. I recieved my refund on March 30th but it still doesn't show posted on either site??? It was shown on several screens and you had to agree to it. Up to $7,000 available Jan. 2 thru Mar. No one here can see your fees or the amount of your refund. Who is this Santa Barbara Tax Group and why is this happening this time? North Chelmsford, MA Map & Directions - MapQuest 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. Currently, check cashing at Walmart is not available in NJ and NY. 5 Fast Cash Advance is an optional tax-refund related loan provided by First Century Bank, N.A., member FDIC (it is not the actual tax refund) and is available at participating locations. Company called tpg products SBTPG llc 220330 deposited $1468. Who do I contact regarding the Remainder of My Refund? No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. The bank receives your refund, takes out the fees and sends the rest of the refund to you. 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. If you do not remember getting the stimulus payments you can go back through your back records to double check. Since no one from the IRS picks up the phone and u can speak to a live person, Im going to have to make an appointment with my local office. Mmk. They have been serving the consumers with tax-related financial products and services. None of those. The Intuit website has a question posted on March 8, 2022. When you apply for a tax refund through TPG or one of its partners, you allow them to deduct their charges from your refund. Was it indeed your return? An IRS letter is coming so maybe that will give me some answers. All Rights Reserved. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. It has been over 2 months. It also goes by the name of Civista Bank. Once TPG receives the refund, your fees are withheld and paid by direct deposit.1. . @martinholden410. This product is not a loan. Business Profile for Santa Barbara Tax Products Group Please visit the IRS website for more details. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) Ichecked with theIRS and it matches turbo tax refund info. What information is incorrect? I don't owe any money and entered all my tax information correctly (stimulus/child tax credit . Ok. Terms and conditions are subject to change without notice. To check on regular tax refund status via automated phone, call, . What is tax products pe1 sbtpg LLC???????? TAX PRODUCTS PE1 SBTPG LLC credited and debited my return same day (amount was with fee deducted as expected). The page that show you the turbotax charges does not show the actual amount that is taken from your federal and state. 2010-2023 Santa Barbara Tax Products Group, all rights reserved. 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. Have you talked to a SBTPG customer support agent by phone? Santa Barbara Tax Products Group [SBTPG] - tax refund Turbo Tax executives have failed in setting up this arrangement. An ACH credit refers to an electronic financial deposit from one bank to another. 3. If needed, you may also call SBTPG at 877-908-7228. In any case, if they reduced it, they should send you a letter in 3 or so weeks explaining why. How many EIP2s will be made by ACH? for 33 years. We'll help you get started or pick up where you left off. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. To log in, go to the page below, choose the Taxpayer portal, then choose "Check with TPG.". Scammers and identity thieves are already taking the opportunity to prey upon taxpayers with phone calls, text messages and emails. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. How can we help you? - Santa Barbara Tax Products Group That fee is $40 (or $45 for California filers.). The user noted, I received a deposit from TPG Products. $1600? Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. where is the r; My ipad3 isn`t allowing me to install my apps. The total refund was about 1600.00 . The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. **Disclaimer: Every effort has been made to offer the most correct information possible. Tax products pr1 sbtpg llc. The Recovery Rebate is ONLY for those who did not get the. This page will be updated as more information is available. 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. Part of the fees deducted will be the service fee for paying out of the Federal refund. It also shows their business hours. Then SBTPGs bank sends the rest of the Federal refund to your bank account. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. I have life lock and I have a clean SSI according to them. Direct deposit from tax products pe5 for sbtpg llc I e-file my federal and state tax on 2/3/2016 and i have direct deposit. I got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. 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. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Up to $175,000available to qualified tax pros.11. TPG offers tax filing and refund services to taxpayers directly as well. How are fees paid? The check limit at Walmart in Connecticut is $6,000 and Florida is $1,999.99 per person per day. Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. Refund Transfers are not loans. ", 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. what was this deposit for? The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. 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. Is this legit? If you would like to speak to the IRS, please follow the instructions here. Advances subject to approval. Taxpayers can file taxes online through tax software like TurboTax. 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. If so, only the Federal refund goes through SBTPG. the tax preparer stated that i would get my refund within 7-10 days. 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. Copyright 2023 Market Realist. The file names were concerning. You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? That service fee is avoided if one chooses to pay upfront by credit/debit card. Whats tax products pr1 sbtpg llc. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. I HAVE found a lot of complaints about TAX PRODUCTS PE1 SBTPG LLC who you do business with . They can receive a refund through a check, direct deposit, or ACH transfer. Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. 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. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. It would help them secure a debit card with excellent features. I worked for the I.R.S. You can find these services through TPG directly as well. Visit the IRS Get My Payment FAQs page for more details. What to Look For When Choosing an Auditing Firm? 2010new Date().getFullYear()>2010&&document.write("-"+new Date().getFullYear()); Santa Barbara Tax Products Group, all rights reserved.