Turbo tax has been a great product that I have used for over 20 years without any reservation for my personal and businesstaxes. I called the IRS offset number, the system literally stated I have no debts under my social security number. IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. What Is Tax Products Pr1 Sbtpg Llc? 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".'. the tax preparer stated that i would get my refund within 7-10 days. The company identifies itself as a consumer-friendly service . TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. Ask your preparer about other IRS e-file options, some of which are provided at no additional cost. The funds were sent to SBTPG and 481.76 of the total was deposited into my account. Scammers and identity thieves are already taking the opportunity to prey upon taxpayers with phone calls, text messages and emails. Tax professionals can offer a tax refund quickly to their clients through this service. No telling who might try to contact you and spam/scam you. The total refund was about 1600.00 . I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. Then SBTPGs bank sends the rest of the Federal refund to your bank account. for 33 years. All Rights Reserved. Don't send clients to a competitor. + Checks up to $7,500 cashed for a cost up to $8. It has been over 2 months. I think Turbo Tax got the short end on this one. It means tax professionals do not need to chase their clients for professional service charges. When you apply for a tax refund through TPG or one of its partners, you allow them to deduct their charges from your refund. 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. * Automated reminders save you time and help you avoid no-shows. Get answers 24/7 at Support.sbtpg.com. **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. 10 Advance is subject to approval. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 103,481 Reply. If you used the TurboTax online product and used another account, you would have to open that account to find your 2018 tax return. 4. 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. All discount programs offered through TPG are excluded from this program. Tax returns may be filed electronically without applying for this loan. Thats not helpful. I filed 2/17 and were accepted an hr later. I received an unusual sum from "TAX PRODUCTS PE4 SBTPG LLC 20190220" I've never had this happen before. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. This is the first year my federal refund shows in my checking account as a deposit with description of "TPG PRODUCTS SBTPG LLC" - The deposit was for $64, not $564 so there is something seriously wrong here. 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. You need your filing status, your Social Security number and the exact amount (line 20 of your Form 1040) of your federal refund to track your Federal refund: https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund, https://ttlc.intuit.com/questions/1901548-why-do-some-refunds-take-longer-than-others. 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. That was where the issue lies. Online tax preparers and tax professional services need seasonal expenses. If you do not remember getting the stimulus payments you can go back through your back records to double check. To check on regular tax refund status via automated phone, call, . I have and i did. Taxpayers can file taxes online through tax software like TurboTax. What message are you seeing? The third-party company in the description suggests that is a Federal refund if you indeed chose to pay product fees out of your Federal refund. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. 8 Must be enrolled in our Standard Refund Transfer program. They obviously have my routing number for my bank account and have already deposited some. SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. They are short staffed; and they are processing millions of tax returns at the same time that they have been burdened with the task of processing millions of stimulus checks. Tax products pr1 sbtpg llc ach. You usually get this kind of direct deposit if you use Turbotax (or similar) to file and ask them to pay your fees from your refund. My refund amount is way off. 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. PE1 and PE2 are tax refund codes to denote a refund transaction coming from SBTPG. Fees apply to the ERO only with respect to successful collections. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. @martinholden410. Please advise. It would help them secure a debit card with excellent features. 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. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. A respondent said that TurboTax knew about the issue and would issue a refund if the charges for tax preparation were higher than intended. What did you mean by the term "total refund" above? what is this. I'm a bit confused right now. SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. Once your federal return has been accepted by the IRS, only the IRS has any control. I am sure you have lost a number of customers for this. Check with transmitter for availability. It acts as a short-term loan for taxpayers as they have to pay interest on this amount until the IRS refunds their taxes. 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. What do TAX PRODUCTS PE4 SBTPG LLC means? I spent my last 11 years at the I.R.S. what was this deposit for? Must be enrolled in Standard Refund Transfer program to qualify. What information is incorrect? Once TPG receives the refund, your fees are withheld and paid by direct deposit.1. 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. Collect fees all year long for professional services you offer. where is the r; My ipad3 isn`t allowing me to install my apps. If enrolled through a service bureau, please check with bureau associate for details on incentive payment. 1 This product provided by Santa Barbara Tax Products Group, LLC enables certain deductions from the account to be processed. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. A Green Dot Company NMLS ID# 914924 | Technology Privacy Statement, Tax preparation fees are paid from the refund so there's nothing to pay up-front. Mmk. 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. SBTPG stands for Santa Barbara Tax Products Group. BTW, this is a public Internet forum. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The fee for me is $305 Im missing thousands back. Im saying is that it should included with the total im seeing on the home screen, so when i go back and check, every thing adds up when i start doing the math. I checked with my IRS ID.ME account and shows a overpayment of $564. Check with them to see if they can provide you with an answer. What all does it say? North Chelmsford Map. Clients that choose GO2bank are notified when their refund is ready, you can earn a $39.95 incentive. I've been using for last 10+ years. im just using the numbers that are listed in my order details. If not, then IRS is just too slow in updating the refund status page for you. 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. This service allows tax professionals to collect their client fees from tax refunds. ", 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. Fees apply to the ERO only with respect to successful collections. Did it ever update? Tax products pr1 sbtpg llc ppd If you have 2 kids and you see $6,000 on line 28 then the IRS records show that you already received $3,000 in Advanced Child Tax Payments, but you entered that you did not receive any. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. But we can tell you some things to check. 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. I spent my last 11 years at the I.R.S. I did get an email a month and a half again stating it will be deposited soon. After giving me the correct totals, it all added up. Visit the IRS Get My Payment FAQs page for more details. Advance tax refunds start from January 2 every year if you have applied for them. I removed your attached files. 12 Available to returning clients with 100+ applied Refund Transfers. 4 Customer must obtain a Refund Transfer (separate fees apply). The state worked fine but this amount did not. TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. To the leadership of turbo tax, you can blame it on your second party vender. $1600? Clients that choose GO2bank are notified when their refund is ready, you can earn a $39.95 incentive7, and you receive additional free marketing resources for your office.8, Have balance due clients that require tax debt resolution and IRS representation services that you don't offer? No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. 7 Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. What do TAX PRODUCTS PE4 SBTPG LLC means?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.The refund is sent to them, the fees are deducted, and then the . It offers a quick and easy refund service to clients. This page will be updated as more information is available. Did you talk to an IRS agent, and they confirmed that the IRS did not reduce your refund, and that they sent approx. If their clients have past dues, TPG would collect them from the clients on their behalf. Gov site. Do they process federal and state returns separately? Pre Season Funds available only to prior TPG clients. But based on a fee of $125 we can take a guess at what you might have used. Copyright 2023 Market Realist. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions, https://ttlc.intuit.com/questions/2840013-does-accepted-mean-my-refund-is-approved. what was this deposit for? Shouldn't it be $237.02? 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. IRS only sent 64 to TPG products so now its back in IRS hands and I cant call till after today to talk to someome. Taxpayers are advised to visit the IRS Economic Impact Payments page or IRS Fact Sheet for more information. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. Community Experts online right now. Get a no cost loan and purchase your tax preparation software today. **, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Departments bank account. Victims or targets of Economic Impact Payment scams should report it immediately to the Federal Trade Commission at www.ftc.gov/complaint. Have a question for Santa Barbara Tax Products Group (TPG)? That fee is $40 (or $45 for California filers.) It has been over 2 months. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. I don't think they list the Pay with Refund fee. did you get an answer back yet? If you don't use any software then do you get the blank forms and do them by hand? what does tax products pr1 sbtpg llc mean. Visit the IRS Get My Payment page for more information about the status of payments and the date a payment is scheduled to be direct deposited or mailed as a check or Economic Impact Payment Card. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new