I am having this same problem. Please advise. SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients. 2 AutoCollect is an optional service provided by Santa Barbara Tax Products Group, LLC. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/newWhat is tax products pr1 sbtpg llc? - Ask Me Fast Tax sbtpg products llc for pe5. The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. In any case, if they reduced it, they should send you a letter in 3 or so weeks explaining why. For additional information, please see this Help Articleor this TurboTax blog post. Santa Barbara TPG - bank products for tax pros You apparently chose the option to have your TurboTax fees paid from your federal refund. No, the IRS and other government agencies will never call asking for your Social Security Number (SSN) or banking information. I am sure you have lost a number of customers for this. * Automated reminders save you time and help you avoid no-shows. Tax Pro Website Login to your account at . Really--are you blaming TurboTax for the pandemic that caused the IRS to become backlogged? Oh and you might check 1040 line 30 to see if you claimed an amount for the 1st or 2nd stimulus. Thanks. They can receive a refund through a check, direct deposit, or ACH transfer. Nope. Tax professionals can charge their service charges separately as well. I think Turbo Tax got the short end on this one. 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. 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. I spent my last 11 years at the I.R.S. I just don`t understand !! This could include things such as missing income or inaccurately reported income (ex. Tax professionals can offer a refund service to their clients using TPG products. The . (This line has no information on Economic Impact Payments. Every year it would show as IRS REFUND. We'll help you get started or pick up where you left off. I have tried to find answer to this problem on your site with no luck. Fees and limitations apply. I don't know how or what they have listed. It is commonly known as the Tax Products Group (TPG). Taxpayers can directly choose the services of TPG without availing of their tax filing services as well. instead of it a; Federal property tax products pe1 The ACH I received was almost $200 less than the refund Turbotax described. Ask Your Question Fast! Whether you owe taxes or youre expecting a refund, you can find out your tax returns status by: Using the IRS Wheres My Refund tool. Once the refund amount is issued to TPG, all associated tax preparation fees are withheld and paid, and the remaining refund amount is issued to the taxpayer. I feel sorry for the tax payers who really need this money and the amount is a lot more than what was deposited. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. How many EIP2s will be made by ACH? 2 GO2bank cards are issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. Help with Santa Barbara Tax Products Group (SBTPG) What Is TPG Products SBTG LLC? - Wikiaccounting To check on regular tax refund status via automated phone, call, . 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. Thank you for the response. Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. Here's something else you can check. January 13, 2021 IRS news release about COVID-19 scams. Fees apply. SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. The ID itself is the fee taken out from your refund as part of the agreement when you used these outside services. https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions, https://ttlc.intuit.com/questions/2840013-does-accepted-mean-my-refund-is-approved. 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. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. last time I use turbo tax. Market Realist is a registered trademark. **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. Must be enrolled in Standard Refund Transfer program to qualify. 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. the tax preparer stated that i would get my refund within 7-10 days. in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Many refunds are taking longer during the pandemic. I would suggest turbo tax dropping TPG Products in the future because ya'll are definitely going to have a lot of complaints and/or lawsuits coming. Consumer Tax/Taxpayer. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+. In California, the fee is $45 (where it is bundled as Premium Services).. The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. Your email address will not be published. The IRS will issue direct deposits to taxpayers that requested a direct deposit disbursement or applied for a new debit card when they filed their return. I figured it out from the deposit into my account and several other sources. It acts as a short-term loan for taxpayers as they have to pay interest on this amount until the IRS refunds their taxes. Just now getting a letter. If you want to remove anything else, such as your name, you can edit your question by clicking the 3-dot icon just to the right of your question title, then choosing Edit. 4 Customer must obtain a Refund Transfer (separate fees apply). It would help them secure a debit card with excellent features. You can look on your IRS account and look up account/record transcripts which are summarized or detailed. That fee is $40 (or $45 for California filers.) Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. What is this from? The check limit at Walmart in Connecticut is $6,000 and Florida is $1,999.99 per person per day. 2022 but it does not show on her account. Ask your provider about other IRS e-file options . What is TAX PRODUCTS PE1 SBTPG LLC PPD? and why was only a fraction of News; Upgrade to TPG; Products. I have life lock and I have a clean SSI according to them. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. If you have a prepaid card or a bank that releases your deposit early, you will see your money in your account in the afternoon around 3 or 4pm. Fees apply to the ERO only with respect to successful collections. No, SBTPG offers tax services to taxpayers and tax professionals only. Up to $7,000 available Jan. 2 thru Mar. We continue to send Economic Impact Payments weekly in 2021 as 2020 tax returns are processed. I WILL NEVER USE TURBO TAX AGAIN. Once your federal return has been accepted by the IRS, You need your filing status, your Social Security number and the exact amount. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Does SBTPG offer services to taxpayers only? what was this deposit for? 13Separate fees apply for the Marketing Pro service. To the leadership of turbo tax, you can blame it on your second party vender. How are fees paid? 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. 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. Source: Unsplash, Santa Barbara TPG LinkedIn. why is there an extra $39.99 charged outside of whats already been listed? Offer cash before they can access their refund.4,5 There's no ERO fee* when clients receive their refund and post-ACK advance loan on a GO2bank Visa Debit Card.6, Clients that select the Refund Transfer can now open a GO2bank account and access their refund using a GO2bank Visa Debit Card. If you used the TurboTax online product and used another account, you would have to open that account to find your 2018 tax return. it sounds like you had your Turbo Tax fees paid by your refund. Get answers 24/7 at Support.sbtpg.com. None of the answers regarding this helped me.whether it was on google in general or on here. Most Americans are going to spend countless hours trying to track down and correct the situation, or figure out WHY. You would need to explain that more, including what products you used. 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. Im having the same issue. for 33 years. Where is MY MONEY(?) Tax professionals may issue checks from their office once IRS or state funding is received. This is unacceptable & inaccurate. A Green Dot Company | NMLS ID# 914924 | Technology Privacy Statement, Accelerate the growth of your tax practice. Your website includes a secure client portal for exchanging documents with clients. What Is Tax Products Pr1 Sbtpg Llc? 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. PE1 and PE2 are tax refund codes to denote a refund transaction coming from SBTPG. That was where the issue lies. The Recovery Rebate is ONLY for those who did not get the. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. It offers tax products to taxpayers and tax professionals. If not, I've provided a link below. @martinholden410. What happens if my direct deposit is returned? It also goes by the name of Civista Bank. Up to $175,000available to qualified tax pros.11. If enrolled through a service bureau, please check with bureau associate for details on incentive payment. That service fee is avoided if one chooses to pay upfront by credit/debit card. The deposit was for $197.03. How can we help you? - Santa Barbara Tax Products Group The first stimulus payments are expected to reach taxpayers' bank accounts starting March 17, and the IRS expects to deliver most stimulus payments within the next 3 weeks. TPG Products SBTPG LLC - be ready to get a deposit from this company How long does it take to get my refund? They just gave you an estimated date. Not all consumers will qualify for a loan or for the maximum loan amount. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. But you say you haven't filed a tax return? Tax products pe2 . Then SBTPGs bank sends the rest of the Federal refund to your bank account. Learn more about where checks can be cashed.3, Cashier's checks issued by TPG may be cashed at over 11,000 locations nationwide, + Checks up to $7,500 cashed for a cost up to $84, + Available at participating Walmart stores thru December 31, + Available at any Wells Fargo bank location thru December 31. what was this deposit for? what was this deposit for? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. I have and i did. What Does Tax Products Pe5 Sbtpg Llc5646 Tax Pro Support (Existing I don't think they list the Pay with Refund fee. This is ridiculous and needs to be fixed.NOW. SBTPG did not contact me at all. 4 Pre-ACK Fast Cash Advance available Jan. 2. $39.95 incentive paid by 6/30/23 for . You said "bank checking account" above. TPG Products refers to Santa Barbara Tax Products Group. I am an Enrolled Agent. I worked for the I.R.S. SBTPG has a phone contact page at the following link. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. What Is Tax Products Pr2 Sbtpg Llc? (Solution) - Law info IRS tax refund deposit must be received by 5/31/23. I went to go check my refund in my bank account and it is coming from a company called TPG PRODUCTS DES:SBTPG LLC and is $200 less than it should be. for 33 years. Then SBTPG's bank sends the rest of the Federal refund to your bank . Solved: I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but The IRS will never text or email you asking to provide your bank account information or verify your bank account information. 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. I have life lock and I have a clean SSI according to them. I was told that is what to get. You requested to have the TurboTax account fees paid from the federal tax refund. The total refund was about 1600.00 . You didn't say anything about your Federal refund. 17. 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. 4. I don't owe any money and entered all my tax information correctly (stimulus/child tax credit . IRS indicates payments will not be issued to TPG. And is your Federal refund on your Federal return Form 1040, Line 21a approx. There is also a $40 service charge for the totally optional service. 2022 Guide to Get W2 Form From Kroger (For Current & Previous Employee). How to check my refund status with IRS; See all 9 articles Checks. TurboTax sending refund from a "TPG Products", and refund is - Reddit A search shows this is associated with Intuit. Just federal and state plus sales tax? I filed my refund in April with TurboTax and still haven't recieved it. I HAVE found a lot of complaints about TAX PRODUCTS PE1 SBTPG LLC who you do business with . 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. 3 Check with your tax professional or software provider for availability. Waiting is frustratingrefunds are taking longer in many cases. I did my taxes myself and sent them straight to the IRS I dont use any software. What all does it say? Clients that select the Refund Transfer can now open a GO2bank account and access their refund using a, . An IRS letter is coming so maybe that will give me some answers. What information is incorrect? 877.908.7228. Fees apply to the ERO only with respect to successful collections. 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. Tax products pr1 sbtpg llc ach. If you would like to speak to the IRS, please follow the instructions here. Viewing your IRS account information. 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. 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. Pre Season Funds available only to prior TPG clients. 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. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information. Get an advance on your tax preparation fees so you get paid in days, not weeks. What do TAX PRODUCTS PE4 SBTPG LLC means? $1600 to SBTPG? You should call the SBTPG and see if they sent you someone else's refund. I am sure you have lost a number of customers for this. Also that still doesnt explain why its offset by THOUSANDS and no I dont have any offsets. Tax products pr1 sbtpg llc ppd Get a no cost loan and purchase your tax preparation software today. I think Turbo Tax got the short end on this one. I am an Enrolled Agent. Available while supplies last. In the United . The file names were concerning. 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. Definition, Example and more. 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. 7 Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. **, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. So youre saying the deducted taxes out of my federal and I received the remainder of it? So someone from this company is either ripping taxpayers off or they keyed in the wrong deposit information. 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. Taxpayer pays a separate fee for this service. 11 Must opt-in by December 31 to qualify. They deduct the money that you owe for TurboTax plus a fee to pay with refund. But people who did not receive the maximum amount of the Economic Stimulus Payment, and whose circumstances have changed, may be eligible now. Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. Visit the IRS Coronavirus Tax Relief page or the IRS Economic Impact Payment Information page for the latest information. I got a $500sum tax return last year(2019)this year its supposed to be almost $1000 BUT I got a deposit from that same weird name "tax products PE2etc" that was $800 something..Now I am aware it came from Santa Barbara Tax Prod or whatever which is linked to Turbo Tax for processing but WHY am I getting this money? My refund from federal was due to come today and 1000's short of what federal refund site says it is. ACH credit is not the preferred payment option for most taxpayers. Here's the fun part, the amount deposited into my account was $409. Available to new and existing TPG clients starting in November. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. for 33 years. for 33 years. 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.