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. Since TPG does not have any visibility into the status, amount or timing of EIP stimulus payments we are unable to answer any questions regarding these payments. 1 This product provided by Santa Barbara Tax Products Group, LLC enables certain deductions from the account to be processed. The tool will provide EIP status, but will not give taxpayers the ability to update their bank account information. Track client activity, including marketing activity, conversations, documents, and more from an easy-to-use Client Retention Management (CRM) system. I got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. Definition, Example and more. Tax products pe1 sbtpg llc orig university b showed a deposit into my bank account for 1288 my returns should have been about 500 more. 11 Must opt-in by December 31 to qualify. For mine, I paid $500 from last years taxes for this years but entered 1000 that I paid for last yrs so there was a 500 difference soooo my measly 64 was correct. I have life lock and I have a clean SSI according to them. You mentioned the IRS. They deduct the money that you owe for TurboTax plus a fee to pay with refund. What to Look For When Choosing an Auditing Firm? 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. the same happens to me they were short $1500 on my return. Tax professionals may issue checks from their office once IRS or state funding is received. I am an Enrolled Agent. How much does it cost to pay taxes with sbtpg? Fees apply to the ERO only with respect to successful collections. TAX PRODUCTS PE1 SBTPG LLC credited and debited my return same day (amount was with fee deducted as expected). Money can be deposited into a checking or savings account. All discount programs offered through TPG are excluded from this program. A Green Dot Company | NMLS ID# 914924 | Technology Privacy Statement, Accelerate the growth of your tax practice. Been with Intuit for going on 6 years now. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Its on the home screen. Tax products pr1 sbtpg llc ach. The total refund was about 1600.00 . I only received 4k back from 10k. The IRS has also created a Recovery Rebate Credit FAQ page with answers to questions about claiming the Recovery Rebate Credit.The IRS is updating the FAQs on these pages regularly. I filed 2/17 and were accepted an hr later. 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. However, the tax professional may charge you additional fees for tax preparation or other services. Must be enrolled in Standard Refund Transfer program to qualify; all discount programs offered through TPG are excluded from this program. 13Separate fees apply for the Marketing Pro service. There may have also been sales taxes, if applicable. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. Check with transmitter for availability. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. That was where the issue lies. the tax preparer stated that i would get my refund within 7-10 days. The deposit was for $197.03. Advances subject to approval. Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? In this public forum, we cannot diagnose why your refund has been reduced. Lock in the best software renewal costs without paying out of pocket.10, Get up to $40,000 in cash flow to help with season startup expenses. How do I file a nonresident state return? Source: Unsplash, Santa Barbara TPG LinkedIn. If needed, you may also call SBTPG at 877-908-7228. 2010-2023 Santa Barbara Tax Products Group, all rights reserved. SBTPG already deposited some of the money, so why are they holding the remainder up now? 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. Victims or targets of Economic Impact Payment scams should report it immediately to the Federal Trade Commission at www.ftc.gov/complaint. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. I am an Enrolled Agent. 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. Nope. How long does it take to get my 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. Company called tpg products SBTPG llc 220330 deposited $1468. This could include things such as missing income or inaccurately reported income (ex. 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? Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. To check on regular tax refund status via automated phone, call, . Just federal and state plus sales tax? 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. Taxpayers can directly choose the services of TPG without availing of their tax filing services as well. I was told that is what to get. Tax professionals can use its products to offer tax filing, refunds, and advance refund services. It said $230 to file. North Chelmsford Map. Unbanked taxpayers 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. TPG Products refers to Santa Barbara Tax Products Group. Terms and conditions are subject to change without notice. https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions, https://ttlc.intuit.com/questions/2840013-does-accepted-mean-my-refund-is-approved. SBTPG did not contact me at all. ), https://turbotax.intuit.com/tax-tools/efile-status-lookup/. A state refund comes directly from the state. This did not happen last time. I have tried to find answer to this problem on your site with no luck. It incurs interest costs at an APR of 35.99% currently. I have a similar issue. Once your federal return has been accepted by the IRS, only the IRS has any control. SBTPG charges are $39.99 for a tax refund. Every year it would show as IRS REFUND. Thanks. You can also log into your temporary account at SBTPG (Santa Barbara Tax Products Group) which initially received the Federal refund and took out the fees. 2022 Guide to Get W2 Form From Kroger (For Current & Previous Employee). For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients. Tax professionals can charge their service charges separately as well. 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? If it was from Tax Products Group, then that would be the Federal refund. I suspect you used Online Deluxe. For additional information, please see this Help Articleor this TurboTax blog post. To check on regular tax refund status via automated phone, call800-829-1954. Are you including the extra 39.99 Refund Processing Service charge (44.99 in California)? **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. 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 also goes by the name of Civista Bank. If my deposit storage is not corrected I will not be using Turbotax next year. Where is MY MONEY(?) Save time with automated email and text message updates sent directly to your clients. But based on a fee of $125 we can take a guess at what you might have used. Ive done the same thing every year and never have my taxes said tax products for the deposit. . Tax professionals can offer a tax refund quickly to their clients through this service. In any case, if they reduced it, they should send you a letter in 3 or so weeks explaining why. To log in, go to the page below, choose the Taxpayer portal, then choose "Check with TPG.". If not, then IRS is just too slow in updating the refund status page for you. Or had you already received your Federal refund? Note: The refund amount will be less than what you expect because you opted to pay the tax filing fee through the refund amount when applying through SBTPG. Viewing your IRS account information. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 103,481 Reply. I put 500 towards estimated taxes from 2020 and put 1000 for estimated taxes this yr that i put in from 2020 so it he 64 was correct. These are not specific tax products offered by SBTPG. Who is this Santa Barbara Tax Group and why is this happening this time? Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. Neither has the IRS. It comes with a fee of $30 for every $1,000 after November 30 and $45 for every $1,000 before this date. 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. 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. It offers a quick and easy refund service to clients. I have life lock and I have a clean SSI according to them. Why Did I Get My Deposit Less Than What I Expected? If you used the TurboTax online product and used another account, you would have to open that account to find your 2018 tax return. But people who did not receive the maximum amount of the Economic Stimulus Payment, and whose circumstances have changed, may be eligible now. Tax returns may be filed electronically without applying for this loan. 12 Available to returning clients with 100+ applied Refund Transfers. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. TurboTax does not receive any updates from the IRS. You did not report the full amount of your Advanced Payments for the Child Tax Credit that you already received. Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Departments bank account. 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? what was this deposit for? 7 Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. Online tax preparers and tax professional services need seasonal expenses. 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. My refund was meant to be $1343. why is my refund 125.00 short from the 1973.00 I was to get? The IRS has struggled to meet taxpayer expectations. It acts as a short-term loan for taxpayers as they have to pay interest on this amount until the IRS refunds their taxes. You apparently chose the option to have your TurboTax fees paid from your federal refund. So the next time you see tax products pe1 in your report, you most likely had your tax return filed by an outside firm like Jackson Hewitt or thru software like Turbo Tax/TaxAct. An ACH credit refers to an electronic financial deposit from one bank to another. in Mand Been with Intuit for going on 6 years now. No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. If this happened, Turbo Tax uses a third party processing service to process your refund. what is this. None of those. I HAVE found a lot of complaints about TAX PRODUCTS PE1 SBTPG LLC who you do business with . The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. Go back and review your return. $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. for 33 years. I did get an email a month and a half again stating it will be deposited soon. Again, the IRS will catch this and make the changes to your return. About Santa Barbara TPG. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. My refund from federal was due to come today and 1000's short of what federal refund site says it is. Once TPG receives the refund, your fees are withheld and paid by direct deposit.1. 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. Have a question for Santa Barbara Tax Products Group (TPG)? The Recovery Rebate is ONLY for those who did not get the. 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. Learn more about where checks can be cashed. Santa Barbara Tax Products Group, or SBTPG, is also sometimes abbreviated as "TPG Products" on tax forms. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. The direct deposit came from "tax products pe1 sbtpg llc." After doing a bit of looking around, I tracked it back to Santa Barbara Tax Products Group. What Is Sales Tax And How To Calculate 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. When you file your return and pay for TurboTax from your refund, then the refund money is sent to the the SBTPG.