I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. **Disclaimer: Every effort has been made to offer the most correct information possible. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. 2010new Date().getFullYear()>2010&&document.write("-"+new Date().getFullYear()); Santa Barbara Tax Products Group, all rights reserved. On my IRS2GO app it saying my refund isnt even scheduled to come til tomorrow. Santa Barbara Tax Products Group, or SBTPG, is also sometimes abbreviated as "TPG Products" on tax forms. So if the difference you are seeing is not explained by the product fees (and service charge) or a state refund (which comes separately), then the IRS may have reduced your refund. What do TAX PRODUCTS PE4 SBTPG LLC means? It will show you how much they received from the IRS, the fees they charged, etc. This option also has an additional charge from the bank that processes the transaction. I worked for the I.R.S. Do they process federal and state returns separately? All Rights Reserved. Taxpayers can file taxes online through tax software like TurboTax. I don't know. 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. Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. can tax consultant deduut money from my tax refund directly? If it`s a deposit, it could be your tax refund. Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days. Got refund today with the message `tax products pr1 des:sbtpg llc id`. In February 2022, similar issues were posted on Intuit.com. Thank you for the response. For example, both Intuit, the maker of TurboTax, and TaxSlayer.com have been fielding questions in their online forums since early in 2022 about why TPG Products is showing up on tax forms. Is that all it said for a description? SBTPG is the bank that removes Turbo Tax fees from your federal refund. "PE2" and nothing more? I'm expecting a federal return of about 4200 minus the fees I paid for filing, it should have been 3600. Direct deposit from tax products pe5 for sbtpg llc I e-file my federal and state tax on 2/3/2016 and i have direct deposit. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. . You can check to see if the PE2 payment is a Federal refund by going to the SBTPG website and using their lookup tool. Neither has the IRS. Check with them to see if they can provide you with an answer. We'll help you get started or pick up where you left off. Shouldn't it be $237.02? That's handled by an intermediary company called SBTPG (aka Tax Products Group.) Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Did you use Turbo Tax online? . 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. Fees? Estimate your self-employment tax and eliminate any surprises. This is the descriptor for the intermediary company (Santa Barbara Tax Products Group, aka SBTPG) that processes a refund when you choose to pay fees out of the Federal refund. The organization touts itself as a customer-friendly service provider with reasonable rates. You can find these services through TPG directly as well. I only received 4k back from 10k. However, if you didnt actively work with TPG Products, its understandable to wonder, Why did I get a deposit from TPG Products?. If needed, you may also call SBTPG at 877-908-7228. It was shown on several screens and you had to agree to it. Charging me over $100 for 1040EZ form. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. . What do TAX PRODUCTS PE4 SBTPG LLC means? hot young girl escorts. Please click here to learn more about the Offset Program. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. What is tax products pe2? You should call the SBTPG and see if they sent you someone else's refund. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. If you had no fees there would be no reason to involve the 3rd party bank. Are you including the extra 39.99 Refund Processing Service charge (44.99 in California)? If I receive a deposit from TPG Products Sbtpg LLC but it isnt no where near my whole refund, am I getting that back? I am having this same problem. . I was suppose to be refunded $936. + Checks up to $7,500 cashed for a cost up to $8. Will I still get that? Your Federal refund amount is on your Federal Form 1040, Line 21a. Taxpayers can file taxes online through tax software like TurboTax. 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. Was it indeed your return? Since the fee is obviously not $2,000, this means the IRS made changes to your refund. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. As tax season approaches, the rise. Then click onPrint, save or preview this year's return. Several other comments mention similar issuesseeing a deposit from TPG Products, but the deposit isn't their expected tax refund amount. And now turbo tax is saying i didnt file my 2018 return with them, taking me thru hell to get my Aig from the irs. I worked for the I.R.S. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. 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? 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. If you need to, you can phone SBTPG to inquire about the deposit and ask them if it was a Federal refund or a stimulus payment. How Long Does It Take for SBTPG to Release Funds in 2022? But obviously your fees are not 7500. My refund was supposed to be $384 for fed, and $37 for state ($421 total). A respondent said that TurboTax knew about the issue and would issue a refund if the charges for tax preparation were higher than intended. Yes I received that description. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. But in some circumstances it's possible that SBTPG receives an economic stimulus payment. Community Experts online right now. 0 Reply jeffcox132 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. Enter the 3 items and click on Sign In. If you did, your TurboTax fee plus the additional processing fee is deducted from your federal tax refund. Ach credit tax products sbtpg llc. Online tax preparers and tax professional services need seasonal expenses. 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