I added some additional information to my initial comment above. Copyright 2023 Market Realist. 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. Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. At the end of my doing my returns it said I can be exempted from the paid thing. I don't think they list the Pay with Refund fee. I paid for the IRS insurance so that turbo could communicate to IRS on my behalf for any questions. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. Click onTax Toolson the left side of the online program screen. Go to the SBTPG (Tax Products Group) website below. However, this morning I see a deposit of 700 with the description I set as the title. What is it exactly? If so, why is this a partial deposit and where is the rest?. PE1 and PE2 are tax refund codes that show up on your bank statement when you receive a tax refund applied through SBTPG. A deposit was added to my account by TAX PRODUCTS PE3 for SBTPG LLC, all questions I found similar to mine was not updated. 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. Ok. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Go to sbtpg.com. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Been with Intuit for going on 6 years now. 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. Was it indeed your return? I'm confused as to what is happening. I don't know. What doTAX PRODUCTS PE4 SBTPG LLCmeans? TurboTax never gets information from the IRS or state when they reduce your refund. Ironically, a stimulus payment could equal a round figure of $3,900 if there are 2 spouses and 3 dependents. A deposit from Tax Products PE1 is most often a Federal refund for those people who chose the option to pay their TurboTax fees out of their Federal refund. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.). You had a tax due on your tax return andyou had to pay for the tax dues. Very soon you might get a direct deposit from TPG Products SBTPG LLC! So my federal return was $411. Tax professionals can use its products to offer tax filing, refunds, and advance refund services. People may receive compensation for some links to products and services on this website. If you continue to use this site we will assume that you are happy with it. I received this notification in my bank account, and I matched the amount I was expected to get on my federal return located in Turbo Tax and they paid me short by $1,000+. It does not make sense. Who is the father of modern social anthropology? TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. I WILL NEVER USE THIS SERVICE AGAIN. How do I contact Santa Barbara Tax Products Group (SBTPG)? They have been serving the consumers with tax-related financial products and services. Tax products pe2 Tax production pe2 sbtpg llc 140430 Sbtpg llc 3722260102 . what is this. SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. If I had asked Turbotax to cut a check would there have been such a fee? I got a deposit in my account for $1800.40. It is commonly known as the Tax Products Group (TPG). That's handled by an intermediary company called SBTPG (aka Tax Products Group.) I received Ilan unusual sum from tax product SBTPG LLC is it the same sum from IRS ? Your TurboTax account will remain at Accepted. If you need to, you can phone SBTPG to inquire about the deposit and ask them if it was a Federal refund or a stimulus payment. 0 Reply jeffcox132 You would need to explain that more, including what products you used. Contact Us - Santa Barbara Tax Products Group Contact Us Get answers to your questions right away. TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. Fees? Please click here to learn more about the Offset Program. Thats handled by an intermediary company called SBTPG (aka Tax Products Group.) 3 Check with your tax professional or software provider for availability. No upfront fees Tax preparation fees are paid from the refund so there's nothing to pay up-front 1 The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. They have been serving the consumers with tax-related financial products and services. Is that all it said for a description? The rest of the Federal refund is then sent to your bank account by SBTPG's bank. in Mand Enrolled Agent since 2008, Intuit Tax Expert since 2011. Learn more about where checks can be cashed. What all does it say? What To Do When You Lost Your W2 Form? for 33 years. I do not owe any money to the government. If needed, you may also call SBTPG at 877-908-7228. This means one of two things happened. Check with them to see if they can provide you with an answer. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card.2. Here are a few key products offered to tax professionals and online tax preparers. In addition to the product fees and possible sales tax, there is a $40 service fee for that payment option ($45 for California filers). When an unknown printer took a galley of type and scrambled it to make a type specimen book. A search shows this is associated with Intuit. + Checks up to $7,500 cashed for a cost up to $8. What are Tax Products PE1 and PE2 SBTPG LLC Deposits? SBTPG is the bank that takes the Turbo Tax fees out of your federal refund. 203 Reduced Refund. Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. TurboTax does not have copies of returns filed using the CD/download product. I only for few hundred out of 1621? I recieved my refund on March 30th but it still doesn't show posted on either site??? It also shows their business hours. What do TAX PRODUCTS PE4 SBTPG LLC means? Do not use the word refund., https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). It is a business-to-business service provider. But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. Then SBTPG's bank sends the rest of the Federal refund to your bank account. As a Green Dot Company, Santa Barbara Tax Products Group makes paying for tax preparation easier and provides fast access to your tax refund via convenient payment methods. Tax Products Pe1 Phone Number QATAX from qatax.blogspot.com. Ask for FREE. Federal is deposited separate from your state return. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. SBTPG is the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. A deposit from Tax Products PE1 is most often a Federal refund for those people who chose the option to pay their TurboTax fees out of their Federal refund. No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. in Mand Been with Intuit for going on 6 years now. 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. SBTPG stands for Santa Barbara Tax Products Group. Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. Normal tax refunds will be processed within two days after the IRS sends them to TPG. TPG offers tax filing and refund services to taxpayers directly as well. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. TurboTax Deluxe - Cost: $59.99 + $39.99 for each state return. If i filed my tax return on 1/31/13 direct deposit how long will it take to get refund? 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. Deposit tax products pe2 type. The company identifies itself as a consumer-friendly service provider with fair pricing. But I'm almost positive it wasn't that much of a shortage. Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. 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. That was a lie!! What was the response about the huge fee? TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. Been with Intuit for going on 6 years now. Republic Bank Yunier Serral Explainer Enter a Melbet promo code and get a generous bonus, An Insight into Coupons and a Secret Bonus, Organic Hacks to Tweak Audio Recording for Videos Production, Bring Back Life to Your Graphic Images- Used Best Graphic Design Software, New Google Update and Future of Interstitial Ads. I did not agree to $800+ in processing fees, and I do not have any offset debts. Use the Taxpayer portal at: https://www.sbtpg.com/ It's always the exact amount on my return. Did it ever update? 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. . 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. So youre saying the deducted taxes out of my federal and I received the remainder of it? If you chose to get cash through Wells Fargo bank or Walmart, it will cost you an additional $10 and $8 per check respectively. The tax refund fee through Refund Transfer is $ 39.95 if it is done via direct bank transfer. Here are a few frequently asked questions (FAQs) about SBTPG. Tax Pro Help Center Get answers 24/7 at Support.sbtpg.com Tax Pro Support (Existing client) 800.779.7228 Consumer Tax/Taxpayer 877.908.7228 Tax Pro Website Login to your account at pro.sbtpg.com Also of Interest Get setup with TPG today News 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? It offers tax products to taxpayers and tax professionals. So if the difference you are seeing is not explained by the product fees (and service charge) or a state refund (which comes separately), then the IRS may have reduced your refund. 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. The system said due to COVID-19 , your fees are waived and will not charge any. To view the fees that are deducted from your return please follow the instructions below. Once your refund is approved, the IRS will send your refund to your bank (if you chose direct deposit) or in the mail (if you requested a paper check). This service from TPG offers pre-season funding. TPG is located in San Diego, California. This is the descriptor for the intermediary company (Santa Barbara Tax Products Group, aka SBTPG) that processes a refund when you choose to pay fees out of the Federal refund. @Ortizj49tkd If you see a transaction listed as Tax Product PE2, typically that refers to the amount you paid TurboTax to prepare your return. 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 . Check the IRS site to see how much the refund they issued to you was. What is going on? in Mand Been with Intuit for going on 6 years now. Community Experts online right now. It also goes by the name of Civista Bank. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 103,110 Reply. TPG Product SBTG LLC is a company that was founded in 1991. The amount I was suppose to have gotten back is $970. 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. Ach dep tpg products Tax products pr1 Ach tax product . what was this deposit for? I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. What gives? 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? Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. It will show you how much they received from the IRS, the fees they charged, etc. **Say "Thanks" by clicking the thumb icon in a post. You should call the SBTPG and see if they sent you someone else's refund. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. My refund amount is way off. You can contact them SBTPG, toll-free, at1-877-908-7228or go to their secure websitewww.sbtpg.com, https://ttlc.intuit.com/questions/2580357-who-provides-the-refund-processing-service, https://ttlc.intuit.com/community/refunds/help/who-provides-pay-with-my-refund/00/26410. If you had no fees there would be no reason to involve the 3rd party bank. 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. Or are you saying that the WMR tool shows no evidence at all of an expected deposit? Please click here to learn more about the Offset Program. Find a tax pro in your area and see the tax-related products they offer. Where did you see that? I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. Community Experts online right now. Yes. If you used the TurboTax online product and used another account, you would have to open that account to find your 2018 tax return. How to Market Your Business with Webinars. How will my tax refund appear on my bank statement? The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. Your refund may be different if you used the Refund Processing Service to pay your TurboTax Online fees. Sbtpg llc Pe sbtpg llc Tax produbct pe1 R23 sbtpg . I am an Enrolled Agent. I worked for the I.R.S. hot young girl escorts. Emerita Bernardt Explainer What bank does the IRS use for direct deposit? What is Locality Name on W-2 Mean? Starting January 2 each year, they can offer up to $ 6,000 of fast cash to their clients. 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. Just federal and state plus sales tax? Did you choose to pay your TurboTax fees out of your Federal refund? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. for 33 years. Neither has the IRS. I believe the TurboTax service fee was $140, but I have a Positive deposit of $144.72. BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Tax Products Pe2 Sbtpg Llc Deposit 2021. Tax products pe2 sbtpg llc deposit. 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. 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. Tax products pe5 for sbtpg llc. My turbotax fees where $173.98. The Intuit website has a question posted on March 8, 2022. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. Step 2: File the tax return The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. For those of you reading this and seeing that OP paid $140 to get a refund. My original refund was for $397 and that was confirmed. Been preparing taxes professionally for 10+ years. It is spam / self promotion. How Long Does It Take for SBTPG to Release Funds in 2022? that can look at your screen to determine the origin of that charge. See the TurboTax FAQ link below for more information about why your deposit may be less than expected. I've checked with the IRS "Where's my Refund" site and show no adjustments. Turbo Tax doesn't know when you get the refund or when the IRS sent it. **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Maybe you already received it (minus product fees and service charge). Iwont use them again!!! I know most do but its because they dont know how to file for free. You'll have to explain that. You'll decide how you want to receive your refund amount too. We'll help you get started or pick up where you left off. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. 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Here are a few key products offered to tax professionals $ 59.99 + $ 39.99 for each state tax products pe2 sbtpg llc deposit... 59.99 + $ 39.99 for each state return they have been serving the consumers with tax-related products... To cut a check would there have been serving the consumers with tax-related financial products services... Within two days after the IRS and/or the state will know where to send tax... To taxpayers directly as well ; s bank sends the tax products pe2 sbtpg llc deposit of the Federal refund received! Qualified tax professionals the paid thing 'll help you get started or pick where... Very soon you might get a refund Transfer is $ 39.95 if is. After the IRS through SBTPG 0 Reply jeffcox132 you would need to explain that more, including what products used.