Taxpayers can directly choose the services of TPG without availing of their tax filing services as well. If you have a fee issue, here's how to reach TurboTax Customer Support by phone. The ID itself is the fee taken out from your refund as part of the agreement when you used these outside services. 4 How will my tax refund appear on my bank statement? I added some additional information to my initial comment above. + Checks up to $7,500 cashed for a cost up to $8. We'll help you get started or pick up where you left off. 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+. I am an Enrolled Agent. Been preparing taxes professionally for 10+ years. I recieved my refund on March 30th but it still doesn't show posted on either site??? Please click here to learn more about the Offset Program. To view the fees that are deducted from your return please follow the instructions below. Step 2: File the tax return The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. What do TAX PRODUCTS PE4 SBTPG LLC means? So the next time you see tax products pe1 in your report, you most likely had your tax return filed by an outside firm like Jackson Hewitt or thru software like Turbo Tax/TaxAct. The dates for receiving a federal tax refund are only estimates on the TurboTax website. The company identifies itself as a consumer-friendly service provider with fair pricing. How do I contact Santa Barbara Tax Products Group (SBTPG)? Been preparing taxes professionally for 10+ years. 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, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. 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. 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? Discover short videos related to tax products pe2 sbtpg llc deposit on TikTok. If needed, you may also call SBTPG at 877-908-7228.. (Example, And Explain). Or no? in Mand MBA, Enrolled Agent. TPG is located in San Diego, California. Taxpayers can file taxes online through tax software like TurboTax. I'm not sure what you are referring to by "system said due to COVID-19, your fees are waived and will not charge any." We'll help you get started or pick up where you left off. However, if you didnt actively work with TPG Products, its understandable to wonder, Why did I get a deposit from TPG Products?. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. 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. 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. 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. When they receive a tax refund in their bank accounts, their bank statement shows tax product, PE1, or PE2. For those of you reading this and seeing that OP paid $140 to get a refund. I called the IRS offset number, the system literally stated I have no debts under my social security number. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. Neither has the IRS. 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. Ach dep tpg products Tax products pr1 Ach tax product . Learn more about where checks can be cashed. This means one of two things happened. What is Locality Name on W-2 Mean? TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. Apply today Fast Cash Advance is an optional tax-refund related loan provided by First Century Bank, N.A., member FDIC (it is not the actual tax refund) and is available at participating locations. I do not owe any money to the government. What is tax products pe2? It is more commonly known as TPG. The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. 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. Ironically, that would also equal a round number of $3900. And when you explain this can you dumb it down plzThaaaanks(: if you check the status of your refund on IRS website now, it should show "Refund Sent".'. Deposit tax products pe2 type. NOTE: Or were you expecting a stimulus payment of $3900-- are there 2 spouses and 3 dependents? That is the total of Federal and State added together. im just using the numbers that are listed in my order details. What is it exactly? That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.). You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. Thank you for the response. When an unknown printer took a galley of type and scrambled it to make a type specimen book. Ask for FREE. What is this from? Been preparing taxes professionally for 10+ years. Enter a Melbet promo code and get a generous bonus, An Insight into Coupons and a Secret Bonus, Organic Hacks to Tweak Audio Recording for Videos Production, Bring Back Life to Your Graphic Images- Used Best Graphic Design Software, New Google Update and Future of Interstitial Ads. Ask Your Question Fast! adjustment - your return was adjusted by the IRS, for example, claiming stimulus you actually received. **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. What gives? What all does it say? It says directly that the total price (taxes included) is $173.98. Did you mail your return in or efile? The deposit was for $197.03. for 33 years. Then SBTPG's bank sends the rest of the Federal refund to your bank account. My turbotax fees where $173.98. If you have any concerns about discrepancies over the amount of your refund, please contact the IRS directly: How do I contact the Internal Revenue Service (IRS)? However, given the number of frustrated comments online with tax preparation companies, it seems that the fees werent adequately communicated to people before they filed their taxes. It comes with a fee of $30 for every $1,000 after November 30 and $45 for every $1,000 before this date. I did check with the IRS. Here are a few frequently asked questions (FAQs) about SBTPG. I spent my last 11 years at the I.R.S. Therefore, when youll receive the refund, it will be less than what the IRS pays to you. 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. . 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? Here is their website link, that has their contact information. Are PE1 and PE2 Different types of Tax Products? What Is Sales Tax And How To Calculate It? Every year my refund says US Treasury/IRS when the deposit shows up to my account why on earth would the IRS send my information to a 3rd party that I dont do business with and from what Im understanding of this thread they subtract a fee? https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. Charging me over $100 for 1040EZ form. Where is MY MONEY(?) Offers may be subject to change without notice. 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. In addition to the product fees and possible sales tax, there is a $40 service fee for that payment option ($45 for California filers). You'll have to explain that. 203 Reduced Refund. **Say "Thanks" by clicking the thumb icon in a post. I worked for the I.R.S. If you did, your TurboTax fee plus the additional processing fee is deducted from your federal tax refund. You'll decide how you want to receive your refund amount too. 3 Check with your tax professional or software provider for availability. 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. Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. The system said due to COVID-19 , your fees are waived and will not charge any. The fee for me is $305 Im missing thousands back. It was founded in 1991 and is now a Green Dot company since 2014. As tax season approaches, the rise. The rest of the Federal refund is then sent to your bank account by SBTPG's bank. I'm expecting a federal return of about 4200 minus the fees I paid for filing, it should have been 3600. However, the tax professional may charge you additional fees for tax preparation or other services. I remember seeing the tax product thing towards the end of me filing. Go to the SBTPG (Tax Products Group) website below. You should call the SBTPG and see if they sent you someone else's refund. It incurs interest costs at an APR of 35.99% currently. It contains or requests illegal information. Check the IRS site to see how much the refund they issued to you was. 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. So is the IRS "Where's My Refund" tool saying you should receive a deposit by March 4? I spent my last 11 years at the I.R.S. My refund was meant to be $1343. Ive done the same thing every year and never have my taxes said tax products for the deposit. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Community Experts online right now. Why Did I Get My Deposit Less Than What I Expected? Im having the same issue. 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 in Mand Been with Intuit for going on 6 years now. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new
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