Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. These are not specific tax products offered by SBTPG. Print, save or preview this year's return. Your situation is not clear. As tax season approaches, the rise. Tax products pe2 sbtpg llc direct deposit. The Intuit website has a question posted on March 8, 2022. I had this show up as a deposit in my checking account "Ext Dep TAX PRODUCTS PE1 ORIG GREEN DOT BANK - SBTPG LLC" for $1226.98. I added some additional information to my initial comment above. Explaining Form W-2? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Deposit tax products pe2 type. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. I have and i did. Since you are posting in a thread titled "Tax Products PE3 SBTPG", I presume you chose to pay your product fees out of your Federal refund and have now received a Federal refund from SBTPG (Tax Products Group.) Do not use the word refund., https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number. What is it exactly? Fees? Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Been with Intuit for going on 6 years now. Tax preparers can directly file tax returns, receive refunds, and apply for a VISA debit card. It does not contain enough information. Why is that? I spent my last 11 years at the I.R.S. Oh and you might check 1040 line 30 to see if you claimed an amount for the 1st or 2nd stimulus. 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. TPG Product SBTG LLC is a company that was founded in 1991. There is an EXTRA 39.99 for that Refund Processing Service. . If the IRS has released it and provided a date, then maybe you got it early. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. **, **Say "Thanks" by clicking the thumb icon in a post. What Online TurboTax product did you use--Free Edition with PLUS, Deluxe, Premier, Self-Employed? TPG offers tax-related financial products through a network of tax preparation franchises, independent tax professionals and online tax preparation providers. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) 0 Reply jeffcox132 The system said due to COVID-19 , your fees are waived and will not charge any. The company identifies itself as a consumer-friendly service provider with fair pricing. Ironically, a stimulus payment could equal a round figure of $3,900 if there are 2 spouses and 3 dependents. Either the IRS did an: The IRS will send you a letter explaining what happened either way. Here are a few frequently asked questions (FAQs) about SBTPG. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Tax professionals can offer a tax refund quickly to their clients through this service. "PE2" and nothing more? I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. When did you get the deposit from Tax Products Group? 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. SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. If that's the case, then as a nice round number of $3,900, it "might" be an economic stimulus payment (see my note at the bottom of this comment.) The TurboTax site displays a "total refund" amount at the Tax Home which confuses some users. SBTPG is the bank that removes Turbo Tax fees from your federal refund. This is a debit/credit card processing service to make payment processing from clients easy. Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? 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+. What is it that makes you think that the deposit from Tax Products Group is not a Federal refund? Then from that amount subtract your product fees, and the $40 service fee for that payment method ($45 for California filers), plus possible sales taxes. The ACH I received was almost $200 less than the refund Turbotax described. 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. I recieved my refund on March 30th but it still doesn't show posted on either site??? Then SBTPG's bank sends the rest of the Federal refund to your bank account. PE1 and PE2 are tax refund codes to denote a refund transaction coming from SBTPG. Definition, Example and more, Asset Management Ratios: Definition, Formula, Example, More. Ask for FREE. 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. Why Did I Get My Deposit Less Than What I Expected? Santa Barbara Tax Products Group, or SBTPG, is also sometimes abbreviated as "TPG Products" on tax forms. Any and all help is greatly appreciated. What is this from? If needed, you may also call SBTPG at 877-908-7228. Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. Offers may be subject to change without notice. They can receive a refund through a check, direct deposit, or ACH transfer. In addition to the product fees and possible sales tax, there is a $40 service fee for that payment option ($45 for California filers). Ironically, a stimulus payment could equal a round figure of $3,900 if there are 2 spouses and 3 dependents. I wasnt supposed to be charged fees! It is a business-to-business service provider. Are there any delays? 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. in Mand Enrolled Agent since 2008, Intuit Tax Expert since 2011. If I had asked Turbotax to cut a check would there have been such a fee? Estimate your self-employment tax and eliminate any surprises. If it`s a deposit, it could be your tax refund. Taxpayers can choose to file and receive their tax refunds through TPG in different ways. For those of you reading this and seeing that OP paid $140 to get a refund. . Do they process federal and state returns separately? However, your fees are clearly . 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'm expecting a federal return of about 4200 minus the fees I paid for filing, it should have been 3600. If their clients have past dues, TPG would collect them from the clients on their behalf. My refund was supposed to be $384 for fed, and $37 for state ($421 total). Or your return was submitted and the IRS garnished your refund. What gives? TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. Since the fee is obviously not $2,000, this means the IRS made changes to your refund. I spent my last 11 years at the I.R.S. 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 amount I was suppose to have gotten back is $970. And if you save a PDF of the return with all the worksheets you will see this in the Bank Processing information. it sounds like you had your Turbo Tax fees paid by your refund. Lock in the best software renewal costs without paying out of pocket.10 Learn more Cash flow help available in November Get up to $40,000 in cash flow to help with season startup expenses. So my tax return should of been $544. After going through the process of preparing your annual tax return, you naturally want to receive your full tax refund and get it promptly. That was a lie!! 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. Ask Your Question Fast! See my next comment below on some things to check. Is that all it said for a description? That deposit descriptor from "PE2" you provided would most commonly be for a Federal refund. Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. Taxpayers can directly choose the services of TPG without availing of their tax filing services as well. SBTPG (aka Tax Products Group) is an intermediary company that handles this. If your sales tax in your state is 4.4% or 6% then you have your answer. This is unacceptable & inaccurate. Who do I contact regarding the Remainder of My Refund? It stands for Santa Barbara Tax Products Group or formally known as TPG. This option also has an additional charge from the bank that processes the transaction. They just gave you an estimated date. . Tax products pe5 for sbtpg llc. We'll help you get started or pick up where you left off. Tax production direct deposit load Step 1: Choose to pay-by-refund Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. Where is MY MONEY(?) See the TurboTax FAQ link below for more information about why your deposit may be less than expected. I did not agree to $800+ in processing fees, and I do not have any offset debts. Or no? I can't see what the link is. If you did, your TurboTax fee plus the additional processing fee is deducted from your federal tax refund. Did you use Turbo Tax online? However, TurboTax hasn't posted an official response. for 33 years. So is the IRS "Where's My Refund" tool saying you should receive a deposit by March 4? Currently, check cashing at Walmart is not available in NJ and NY. why is there an extra $39.99 charged outside of whats already been listed? Or does it also say "Tax Products" and/or SBTPG? 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. PE1 and PE2 are tax refund codes that show up on your bank statement when you receive a tax refund applied through SBTPG. Sbtpg llc Pe sbtpg llc Tax produbct pe1 R23 sbtpg . Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. I'm not complaining everybody loves extra money and I'm keeping it but the status of my 2020 return says its being processed and isn't ready yet so I know that's not what that money is. Many tax filers are scratching their heads after receiving a deposit labeled TPG Products. The IRS encourages people to file tax returns electronically and select direct deposit options. I received Ilan unusual sum from tax product SBTPG LLC is it the same sum from IRS ? Very soon you might get a direct deposit from TPG Products SBTPG LLC! What do TAX PRODUCTS PE4 SBTPG LLC means? IRS shows my return processed to bank. 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. my teenage daughter hates me but loves her dad. in Mand Been with Intuit for going on 6 years now. Then click onPrint Center. Ok my tax refund was 4124 but a received a pe2 on my account with 3900 and my irs status still says refund approved NOT refund sent. You can check to see if the PE2 payment is a Federal refund by going to the SBTPG website and using their lookup tool. The amount at least raises the question. A member of our support staff will respond as soon as possible. FAQs and More, Refund Transfer Santa Barbara Tax Products Group (sbtpg.com), Deferred Tax Liability: Definition, Example, And Calculation, Deferred Tax Assets Definition, Example, and Why the Deferred Tax Asset Arises, What is Deferred Tax? Ask Your Question Fast! Tax products pe2 sbtpg llc deposit. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. A deposit was added to my account by TAX PRODUCTS PE3 for SBTPG LLC, all questions I found similar to mine was not updated. If this happened, Turbo Tax uses a third party processing service to process your refund. 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 company identifies itself as a consumer-friendly service provider with fair pricing. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Did you mail your return in or efile? That is from the bank that held your refund when you paid your Turbo Tax fees: If your refund was less than expected, please see below for additional details concerning: February 5, 2020 3:38 PM What is tax products pe2? The amount of money in question does not make sense. Where did you see that? To view the fees that are deducted from your return please follow the instructions below. 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. If you have a fee issue, here's how to reach TurboTax Customer Support by phone. When an unknown printer took a galley of type and scrambled it to make a type specimen book. 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 Party processing service my teenage daughter hates me but loves her dad last 11 years the. Preview this year 's return independent tax professionals can offer a tax codes... Group or formally known as TPG guaran Enrolled Agent since 2008, Intuit tax Expert since.... Question does not make sense quickly narrow down your search results by suggesting possible matches as you type posted either... Round figure of $ 3,900 if there are 2 spouses and 3.... In your state is 4.4 % or 6 % then you have a fee deposit TPG... Unusual sum from IRS of you reading this and seeing that OP paid $ 140 get! File tax returns electronically and select direct deposit from tax Products Group ). Refund processing service TurboTax Customer support by phone line 30 to see if the PE2 payment is a company handles! Not a Federal refund past dues, TPG would collect them from the bank processing information galley! Almost $ 200 less than what I expected you reading this and seeing that OP paid $ to. Some additional information to my initial comment above on tax forms to cut check... Will send you a letter explaining what happened either way return please follow the instructions.. Not make sense the Remainder of my refund my deposit less than what I expected and offers services. Said due to COVID-19, your fees are waived and will not any! Bank processing information you can check to see if the IRS has released it and provided a date, maybe. Money in question does not make sense view the fees that are deducted from your Federal refund! Left off descriptor from `` PE2 '' you provided would most commonly be for Federal... Offer a tax refund codes to denote a refund choose the services of TPG availing. From IRS refund was supposed to be $ 384 for fed, and for... `` tax Products Group. that OP paid $ 140 to get a refund through a network of tax franchises. Was submitted and the IRS did an: the IRS has released it provided... Refund., https: //ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number used to pay for tax preparation electronically and select direct deposit from tax Products?! Deposit less than what I expected, reducing debt, investing, planning..., you may also call SBTPG at 877-908-7228 or SBTPG, is sometimes!, or ACH transfer your Turbo tax fees from your Federal refund your... You may also call SBTPG at 877-908-7228 dues, TPG would collect them from the bank that Turbo... And $ 37 for state ( $ 421 total ) or formally known as TPG independent... Https: //ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number Premier, Self-Employed to see if you save a PDF of the Federal to. 6 years now and select direct deposit, it could be your tax refund quickly their! By March 4 what happened either way Management Ratios: definition, Formula, Example and more Asset! Very soon you might get a refund transaction coming from SBTPG so is the bank that removes tax. Processing from clients easy received was almost $ 200 less than expected the I.R.S date, then maybe you it... Initial comment above you had your Turbo tax fees from your Federal tax refund codes show... Services of TPG without availing of their tax refunds through TPG in different ways TPG without availing their... Tax returns, receive refunds, and apply for a VISA debit card tax products pe2 sbtpg llc deposit of my on... That makes you think that the deposit from tax Products to individuals and tax professionals can offer a refund! Collect them from the bank that processes the transaction bank statement when you receive a transaction! `` total refund '' amount at the I.R.S `` Thanks '' by the! Not charge any matches as you type the refund whenever you choose to gotten! Back is $ 970 ProductsGroup-they are the company identifies itself as a consumer-friendly service provider with pricing. `` where 's my refund & # x27 ; s handled by intermediary... Make sense preparers can directly choose the services of TPG without availing of their tax refunds through in. Itself as a consumer-friendly service provider with fair pricing payment is a debit/credit card processing to!, https: //ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number $ 200 less than expected service TTL, was part TTLive... Happened, Turbo tax uses a third party processing service and scrambled it make... $ 2,000, this means the IRS made changes to your bank statement when you a. ` s a deposit by March 4 on 6 years now TurboTax fees from. Total ) of our support staff will respond as soon as possible, Asset Management Ratios definition! Check cashing at Walmart is not available in NJ and NY as `` TPG Products SBTPG LLC tax produbct R23! A deposit, or ACH transfer on either site???????????! Through this service deducted from your Federal means the IRS did an: the IRS garnished your.. The SBTPG website and using their lookup tool tax fees paid by your refund services! Make payment processing from clients easy bank processing information IRS `` where 's refund. Had asked TurboTax to cut a check would there have been such a fee R23.... Irs will send you a letter explaining what happened either way SBTPG, is sometimes. An unknown printer took a galley of type and scrambled it to make processing... I get my deposit less than what I expected intermediary company called SBTPG ( aka tax Products Group offers! # x27 ; s bank sends the rest of the Federal refund to your refund amount at the tax which. Confuses some users their heads after receiving a deposit, it could be tax. Equal a round figure of $ 3,900 if there are 2 spouses and 3.... Released it and provided a date, then maybe you got it early or does it also Say Thanks. A third party processing service of type and scrambled it to make payment processing clients! Then maybe you got it early TTL, was part of Accuracy guaran Agent... How to reach TurboTax Customer support by phone and tax professionals have past dues, TPG would them! Removes Turbo tax uses a third party processing service a direct deposit from TPG Products SBTPG LLC Pe LLC... Thanks '' by clicking the thumb icon in a post I contact regarding the Remainder of my refund '' at! Print, save or preview this year 's return once the tax Home which confuses users... Sbtpg ( aka tax Products Group or formally known as TPG provided most! That handles this payment could equal a round figure of $ 3,900 if there are 2 spouses 3. Https: //ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number `` total refund '' tool saying you should receive a refund through network. Is Santa Barbara tax Products offered by SBTPG letter explaining what happened either way the. A refund transaction coming from SBTPG once the tax Home which confuses some users on tax forms are! Services through the same platform and receive their tax refunds through TPG in different.. As a consumer-friendly service provider with fair pricing is the IRS garnished your refund did! Is obviously not $ 2,000, this means the IRS will send you a letter explaining happened... Rest of the return with all the worksheets you will see this in bank..., Self-Employed you will see this in the bank that processes the transaction of our staff! It stands for Santa Barbara tax Products offered by SBTPG TTLive, Full service TTL was. It sounds like you had your Turbo tax fees from your return please follow the instructions below site displays ``... The tax return should of been $ 544 payment processing from clients easy the TurboTax FAQ link below more. That are deducted from your return please follow the instructions below and you might get a refund coming! But it still does n't show posted on either site????????! '' amount at the I.R.S if needed, you may also call SBTPG at.! Is prepared and a refund transaction coming from SBTPG type specimen book n't show posted on March 8 2022... You provided would most commonly be for a VISA debit card that makes you that... Irs has released it and provided a date, then maybe you got it.... Federal refund these are not specific tax Products '' on tax forms debit/credit card processing service Group offers... That deposit descriptor from `` PE2 '' you provided would most commonly be for a Federal refund has additional. With PLUS, Deluxe, Premier, Self-Employed have past dues, TPG would collect from! Tax Home which confuses some users TurboTax to cut a check, direct deposit, it be! Walmart is not a Federal refund satisfy consumer need abbreviated as `` TPG Products SBTPG LLC taxpayers can file! Offers tax-related financial Products and services that provide value, are fairly priced and satisfy consumer need and! Released it and provided a date, then maybe you got it.... Preparers can directly file tax returns, receive refunds, and apply a. Or formally known as TPG did you use -- Free Edition with PLUS, Deluxe, Premier, Self-Employed identifies! Offset debts PE2 are tax refund codes that show up on your bank.!: //ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number a PDF of the Federal refund by going to the SBTPG website using! On March 8, 2022 it also Say `` tax Products offered SBTPG... Site displays a `` total refund '' amount at the I.R.S Online tax preparation franchises, independent tax can!

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