Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. That is the total of Federal and State added together. If you received a deposit of your Federal refund from "Tax Products", aka SBTPG, PE2, etc., that implies you had TurboTax fees that you chose to pay out of your Federal refund. Santa Barbara Tax Products Group is used to process your refund when you . How Long Does It Take for SBTPG to Release Funds in 2022? Estimate your tax refund and where you stand, **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. TPG Product SBTG LLC is a company that was founded in 1991. Personally, my bars didn't change to "sent" until 3-4 days after I got my deposit, but it did provide me an expected deposit date a few days ahead of time. 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. Yes but I only receive $1806.00 , what happens to the rest of the refund. Who do I contact regarding the Remainder of My Refund? The refund is sent to them, the fees are deducted, and then the remainder is sent to your 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. So the federal is 2692.02 less than expected. If that's your situation, then the deposit is confusing. The dates for receiving a federal tax refund are only estimates on the TurboTax website. As tax season approaches, the rise. The same thing just happened to me. I received Ilan unusual sum from tax product SBTPG LLC is it the same sum from IRS ? Will I still get that? Advance tax refunds start from January 2 every year if you have applied for them. IRS shows my return processed to bank. I called the IRS offset number, the system literally stated I have no debts under my social security number. TurboTax never gets information from the IRS or state when they reduce your refund. I don't have any treasury offset or IRS debt. I was suppose to be refunded $936. Find a tax pro in your area and see the tax-related products they offer. A respondent said that TurboTax knew about the issue and would issue a refund if the charges for tax preparation were higher than intended. Your refund may be different if you used theRefund Processing Serviceto pay your TurboTax Online fees. 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. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The state worked fine but this amount did not. What is tax products pr1 SBTPG LLC deposit? I only for few hundred out of 1621? in Mand Been with Intuit for going on 6 years now. 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 The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. I am an Enrolled Agent. Just federal and state plus sales tax? To view the fees that are deducted from your return please follow the instructions below. This did not happen last time. My cash app say Pe4 but my turbo tax hasn't updated. It contains or requests illegal information. 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. That's the fee TT charges to wihhold the fee from your refund. I did allow my turbo tax fees to be taken out of the fed return but, it was only suppose to be $40 or so. If the IRS has released it and provided a date, then maybe you got it early. If that's your situation, then the deposit is confusing. Any state refund (if applicable) comes separately in a direct deposit directly from the state tax agency. **Say "Thanks" by clicking the thumb icon in a post If you have a fee issue, here's how to reach TurboTax Customer Support by phone. for 33 years. The rest of the Federal refund is then sent to your bank account by SBTPG's bank. SBTPG then direct deposits the remainder of the federal tax refund into the account you requested on the federal tax return. That deposit descriptor from "PE2" you provided would most commonly be for a Federal refund. Source: qatax.blogspot.com. Fees? People may receive compensation for some links to products and services on this website. The company identifies itself as a consumer-friendly service provider with fair pricing. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. So youre saying the deducted taxes out of my federal and I received the remainder of it? 0 Reply 406lafayette New Member June 7, 2019 4:04 PM Fees? Check with them to see if they can provide you with an answer. The ACH I received was almost $200 less than the refund Turbotax described. The amount I was suppose to have gotten back is $970. Here's one, Hey did they ever deposit the rest of your money? See the TurboTax FAQ link below for more information about why your deposit may be less than expected. My refund amount is way off. Tax Product PR2 SBTPG LLC I'm a bit confused right now. Where is MY MONEY(?) What does it say about your Federal refund? Did you choose to pay your TurboTax fees out of your Federal refund? In addition to the product fees and possible sales tax, there is a $40 service fee for that payment option ($45 for California filers). I worked for the I.R.S. While that deposit most commonly would be the Federal refund (if you chose to pay fees out of the refund), but did you also expect a stimulus payment of $3,900 by any chance? For those of you reading this and seeing that OP paid $140 to get a refund. So my tax return should of been $544. What is it exactly? Gov site. 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. But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. The amount of money in question does not make sense. If you did, your TurboTax fee plus the additional processing fee is deducted from your federal tax refund. TurboTax Deluxe - Cost: $59.99 + $39.99 for each state return. TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. You had a tax due on your tax return andyou had to pay for the tax dues. I spent my last 11 years at the I.R.S. 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. 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. They charged me $ 59.95 for a "software upgrade" in order to send my return electronically. I know most do but its because they dont know how to file for free. The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. 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. Then SBTPG's bank sends the rest of the Federal refund to your bank account. can tax consultant deduut money from my tax refund directly? SBTPG has several tax services and each one comes with different costs. How do I update Form W-9 with TaxSlayer Pro? It acts as a short-term loan for taxpayers as they have to pay interest on this amount until the IRS refunds their taxes. Pay for tax preparation with your tax refund TPG takes all associated fees out of your tax refund, making it easy to pay for tax preparation. Ask for FREE. Estimate your self-employment tax and eliminate any surprises. . Also be sure you are considering only the Federal refund amount. Explaining Form W-2? Community Experts online right now. If their clients have past dues, TPG would collect them from the clients on their behalf. 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. You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? 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. Money can be deposited into a checking or savings account. Therefore, when youll receive the refund, it will be less than what the IRS pays to you. 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. When did you get the deposit from Tax Products Group? Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. 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. If that's the Federal refund after fee subtraction, the figures you provided imply your TurboTax fees and associated charges are 4124 - 3900 = 224. I didnt have any fees because mine were simple, Last year they had a similar issue where this exact thing was happening and those werent receiving their whole deposit. If needed, you may also call SBTPG at 877-908-7228. OUTRAGEOUS. 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. This service from TPG offers pre-season funding. Tax professionals may issue checks from their office once IRS or state funding is received. If you had no fees there would be no reason to involve the 3rd party bank. 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. I worked for the I.R.S. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Tax professionals can charge their service charges separately as well. what was this deposit for? Community Experts online right now. We'll help you get started or pick up where you left off. SBTPG is the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. The IRS will send you a letter of explanation when your refund is less than you expected you can also get this information by looking up your refund at the IRS Wheres My Refund page.. June 4, 2019 3:05 PM What is tax products pe2? The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. The company identifies itself as a consumer-friendly service provider with fair pricing. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. You can find these services through TPG directly as well. It was shown on several screens and you had to agree to it. Also I wasnt supposed to be charged fees, thats the whole point of me saying this. Where did you see that? what was this deposit for? If not, then IRS is just too slow in updating the refund status page for you. SBTPG charges are $39.99 for a tax refund. 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