IRS and it matches turbo tax refund info. News; Upgrade to TPG; Products. PATH Act - Creating refund delays; Have questions about a tax filing from last tax season or earlier? The state worked fine but this amount did not. 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. what was this deposit for? What Is Sales Tax And How To Calculate It? There is also a $40 service charge for the totally optional service. reply by email or better yet call me or give me a number to call. How many EIP2s will be made by ACH? I dont owe any child support , no judgments, dont owe the IRS back taxes. How Long Does It Take for SBTPG to Release Funds in 2022? It offers a quick and easy refund service to clients. Refund Transfers are not loans. In-season Fast Cash Advance available first day of filing. I'm a bit confused right now. We'll help you get started or pick up where you left off. It also goes by the name of Civista Bank. where is the r; My ipad3 isn`t allowing me to install my apps. Yes. However, this morning I see a deposit of 700 with the description I set as the title. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales tax. It has been over 2 months. The Intuit website has a question posted on March 8, 2022. Who is this Santa Barbara Tax Group and why is this happening this time? All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. for 33 years. Where is MY MONEY(?) 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. Visit the IRS Coronavirus Tax Relief page or the IRS Economic Impact Payment Information page for the latest information. 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. Your ONLY source of information about your refund now is the IRS. For additional information, please see this Help Articleor this TurboTax blog post. I am an Enrolled Agent. The truth is that it was a failure of leadership to choose such a poorlyvettedparty to do business with. Here are a few frequently asked questions (FAQs) about SBTPG. What's the status of my refund? Software Purchase Assistance advances provided by Green Dot Corporation. it sounds like you had your Turbo Tax fees paid by your 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. You should receivea letter from the IRS telling you why your refund amount was changed. Thats not helpful. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. 13Separate fees apply for the Marketing Pro service. If you r refund was reduced, the IRS will send you a letter in the mail explaining the reasoning. Separate fees for this service apply. Step by Step Guidance with Example, What is the Price Discrimination? It's always the exact amount on my return. My refund came through TPG. Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? They obviously have my routing number for my bank account and have already deposited some. for 33 years. A state refund comes directly from the state tax agency. Go back and review your return. Whether accepting credit or debit payments online or in your office, offer payment options that work for your clients. Find a tax pro in your area and see the tax-related products they offer. Again, the IRS will catch this and make the changes to your return. Viewing your IRS account information. If not, then IRS is just too slow in updating the refund status page for you. I HAVE found a lot of complaints about TAX PRODUCTS PE1 SBTPG LLC who you do business with . What information is incorrect? No one here can see your fees or the amount of your refund. Just now getting a letter. 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. This page will be updated as more information is available. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. TPG Product SBTG LLC is a company that was founded in 1991. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. 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 looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. If I had asked Turbotax to cut a check would there have been such a fee? I have life lock and I have a clean SSI according to them. 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. I spent my last 11 years at the I.R.S. 1Refund Transfers are deposit products using Civista Bank, Member FDIC, that enable certain deductions from the account to be processed. Then SBTPG's bank sends the rest of the Federal refund to . If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing. the tax preparer stated that i would get my refund within 7-10 days. Years in Business: 32. Visit the IRS Economic Impact Payment Information Center for more details about stimulus payment eligibility, amounts and more. What to Look For When Choosing an Auditing Firm? When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. 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 have tried to find answer to this problem on your site with no luck. 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. This notice to the taxpayer will indicate the payment amount, whether the payment was mailed or direct deposited, and a phone number to call if the taxpayer did not receive the payment. I WILL NEVER USE TURBO TAX AGAIN. Where to cash a TPG-issued check; Account Do they process federal and state returns separately? But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. It may show there what they received from the IRS and how much in fees they took out. The bank receives your refund, takes out the fees and sends the rest of the refund to you. Just federal and state plus sales tax? The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Once TPG receives the refund, your fees are withheld and paid by direct deposit.1. 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. It was founded in 1991 and is now a Green Dot company since 2014. * Automated reminders save you time and help you avoid no-shows. BBB File Opened: 2/28/2011. If not, I've provided a link below. (This line has no information on Economic Impact Payments.). If I have to pay a fee Iwill never use turbo tax again . Money can be deposited into a checking or savings account. So why is my return $500 less? Tax professionals can offer a tax refund quickly to their clients through this service. $39.95 incentive paid by 6/30/23 for . I feel sorry for the tax payers who really need this money and the amount is a lot more than what was deposited. 2010new Date().getFullYear()>2010&&document.write("-"+new Date().getFullYear()); Santa Barbara Tax Products Group, all rights reserved. If you were short, ask yourself if you got your stimulus (1400-4200), advanced child care credits ($250/mos), or if you did an estimated tax payments. The amount I was suppose to have gotten back is $970. Taxpayers can file taxes online through tax software like TurboTax. + Checks up to $7,500 cashed for a cost up to $8. However, the tax professional may charge you additional fees for tax preparation or other services. I filed with turbo tax, accepted the deposit to credit karma (they offered $100 bonus to have it deposited there) instead of my credit Union like an idiot now I am missing $1923 from my . Ask Your Question Fast! I know that money would be taken out for taxes to file. 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. I don't think they list the Pay with Refund fee. Victims or targets of Economic Impact Payment scams should report it immediately to the Federal Trade Commission at www.ftc.gov/complaint. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. If you pay the fees upfront with a credit card before you file you get your full refund directly from the IRS. 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. If so, it comes separately in another deposit straight from the state tax agency. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new
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