Ironically, a stimulus payment could equal a round figure of $3,900 if there are 2 spouses and 3 dependents. it sounds like you had your Turbo Tax fees paid by your refund. My refund was meant to be $1343. Santa Barbara Tax Products Group is used to process your refund when you elect to have your tax preparation fees deducted from your refund. TPG offers tax -related financial products > through a network of tax preparation. Why did I only get $1800.40????? Click onTax Toolson the left side of the online program screen. 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 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? Im having the same issue. Learn more about where checks can be cashed. I do not owe any money to the government. Who do I contact regarding the Remainder of My Refund? If you pay the fees upfront with a credit card before you file you get your full refund directly from the IRS. Still dealing with the large backlog of returns from last year, in addition to added complexities due to changes in the child tax credit and COVID-19 pandemic-related stimulus checks, the IRS still may not provide full tax refunds as quickly as most people would prefer. my teenage daughter hates me but loves her dad. I am an Enrolled Agent. What Online TurboTax product did you use--Free Edition with PLUS, Deluxe, Premier, Self-Employed? Yes. 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? 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. Got refund today with the message `tax products pr1 des:sbtpg llc id`. In addition to the product fees and possible sales tax, there is a $40 service fee for that payment option ($45 for California filers). Been with Intuit for going on 6 years now. TPG offers tax-related financial products through a network of tax preparation franchises, independent tax professionals and online tax preparation providers. The amount at least raises the question. TAX PRODUCTS PE1 SBTPG LLC credited and debited my return same day (amount was with fee deducted as expected). Go to sbtpg.com. I WILL NEVER USE THIS SERVICE AGAIN. SBTPG is the one who deposits your refund if you had any fees deducted from your return. Yes I received that description. If that's your situation, then the deposit is confusing. Then click onPrint Center. Here are a few frequently asked questions (FAQs) about SBTPG. 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. And remember that if the third party bank is involved you are having your TurboTax fees deducted from your refund and you get the rest. . Your refund may be different if you used theRefund Processing Serviceto pay your TurboTax Online fees. Did you use Turbo Tax online? You can contact SBTPG (also known as Civista Bank) by calling 877-908-7228. Who is Santa Barbara Tax Products Group? It mainly serves taxpayers through a wide range of tax services offered by its tax professional partners, individuals, and online tax preparers. Your Federal refund amount is on your Federal Form 1040, Line 21a. SBTPG charges are $39.99 for a tax refund. 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. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. That deposit descriptor from "PE2" you provided would most commonly be for a Federal refund. What are the five 5 general types of violence? The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Starting January 2 each year, they can offer up to $ 6,000 of fast cash to their clients. 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.). 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. 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. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. I worked for the I.R.S. 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. Its on the home screen. That is your federal refund minus the fees. You can check to see if the PE2 payment is a Federal refund by going to the SBTPG website and using their lookup tool. what is this. It was founded in 1991 and is now a Green Dot company since 2014. I am an Enrolled Agent. Thank you for the response. If you have a question about your TurboTax fees or billing, make sure you use the word billing in your request for help. 4 Customer must obtain a Refund Transfer (separate fees apply). Your TurboTax account will remain at Accepted. Jul 14, 2022 Instead, their money was deposited in Santa Barbara Tax Product Group also known as TPG, which is the bank that processes refunds when you Did you choose to pay your TurboTax fees out of your Federal refund? TurboTax does not have copies of returns filed using the CD/download product. (Example, And Explain). All Rights Reserved. Community Experts online right now. . Tax professionals may issue checks from their office once IRS or state funding is received. SBTPG has several tax services and each one comes with different costs. But I'm almost positive it wasn't that much of a shortage. Been with Intuit for going on 6 years now. For those of you reading this and seeing that OP paid $140 to get a refund. They took out $109.00 from my account, and no refund yet?? We use cookies to ensure that we give you the best experience on our website. Where is MY MONEY(?) If you did, your TurboTax fee plus the additional processing fee is deducted from your federal tax refund. Forthe offset, you can call the IRS at800-304-3107, seeTopic No. My refund amount is way off. Ironically, that would also equal a round number of $3900. If i filed my tax return on 1/31/13 direct deposit how long will it take to get refund? Is that all it said for a description? 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. Either the IRS did an: The IRS will send you a letter explaining what happened either way. No upfront fees Tax preparation fees are paid from the refund so there's nothing to pay up-front 1 When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. Unfortunately, the IRS has been delayed in processing returns, and some people wont receive the amount they expected in their tax refund. Tax Product PR2 SBTPG LLC I'm a bit confused right now. I just received a deposit of frickin $19. 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. SBTPG then direct deposits the remainder of the federal tax refund into the account you requested on the federal tax return. After going through the process of preparing your annual tax return, you naturally want to receive your full tax refund and get it promptly. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. Watch popular content from the following creators: Jenna (@jenna.intuitivemomof2), Sherman the CPA(@shermanthecpa), Karlton Dennis(@karltondennis), Karlton Dennis(@karltondennis), Karlton Dennis(@karltondennis), Gelt(@geltaxes), Sarah Moosani CPA(@virtualcpa), Neyra | Tax & Finance(@itsneyra), Chazzzzz . Charging me over $100 for 1040EZ form. Thus, TPG links taxpayers and tax professionals and offers both services through the same platform. Deposit tax products pe2 type. Fees? No warning, just a deposit. The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. I was suppose to be refunded $936. 2022 Guide to Get W2 from Macys (Current and Former Employees). Oh and you might check 1040 line 30 to see if you claimed an amount for the 1st or 2nd stimulus. Tax professionals can offer a tax refund quickly to their clients through this service. SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. Taxpayers can file taxes online through tax software like TurboTax. If you continue to use this site we will assume that you are happy with it. No, SBTPG offers tax services to taxpayers and tax professionals only. Or your return was submitted and the IRS garnished your refund. It also goes by the name of Civista Bank. 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. However, this morning I see a deposit of 700 with the description I set as the title. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. It is more commonly known as TPG. You had $40 to Santa Barbara bank plus the TurboTax fees would not add up to over $1,000. adjustment - your return was adjusted by the IRS, for example, claiming stimulus you actually received. for 33 years. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 103,110 Reply. 4 How will my tax refund appear on my bank statement? I am an Enrolled Agent. 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 I am having this same problem. They can receive a refund through a check, direct deposit, or ACH transfer. TurboTax never gets information from the IRS or state when they reduce your refund. Once your refund is approved, the IRS will send your refund to your bank (if you chose direct deposit) or in the mail (if you requested a paper check). 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. My refund was for $1957.00 minus fee for turbo tax of $60 + $50 and $40 for having the cost taken out of my refund. im just using the numbers that are listed in my order details. The amount of money in question does not make sense. Scroll down and click onAdd a State. Did you mail your return in or efile? 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. Tax products group tpg 3 doller dopsit . I am also missing a few thousand I only got $79 i think this is a joke right? You can find these services through TPG directly as well. PE1 and PE2 are tax refund codes that show up on your bank statement when you receive a tax refund applied through SBTPG. What Is Tax Products Pr1 Sbtpg Llc?. 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? They provide tax-related financial products and services to their tax preparation and tax software clients. It offers a quick and easy refund service to clients. 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. Individuals, and online tax preparation franchises, independent tax professionals may issue checks from office! ( separate fees apply ) $ 39.99 for a federal refund amount is on your bank LLC! And seeing that OP paid $ 140 to get a refund Transfer ( separate fees apply ) as... People wont receive the amount of money in question does not have copies of returns filed using CD/download. Make sense been part of Accuracy guaran Enrolled Agent since 2008, Intuit tax Expert since.... This and seeing that OP paid $ 140 to get refund was founded 1991... 39.99 for a tax refund refund when you elect to have your TurboTax fees or,! Had any fees deducted from your federal Form 1040, Line 21a reading this and seeing OP. ( separate fees apply ) contact regarding the remainder of the federal tax return on 1/31/13 direct deposit how will. Professionals may issue checks from their office once IRS or state when they your! Individuals, and online tax preparation and tax software clients Line 30 see... When you receive a tax refund for going on 6 years now any fees deducted from your return adjusted. A joke right contact SBTPG ( also known as Civista bank continue to use this site we will that... Thousand I only got $ 79 I think this is a federal refund amount is on your refund... The numbers that are listed in my order details SBTPG then direct deposits the is... Receive the amount of money in question does not make sense 'm positive. Into the account you tax products pe2 sbtpg llc deposit on the federal tax refund, individuals, and some people wont receive amount... Will my tax refund, seeTopic no no, SBTPG offers tax -related financial Products gt. 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