A Green Dot Company | NMLS ID# 914924 | Technology Privacy Statement, Accelerate the growth of your tax practice. You can offer an excellent VISA debit card that comes with a Go2 banking tag to your clients. You'll decide how you want to receive your refund amount too. 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. Who do I contact regarding the Remainder of My Refund? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. 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. Turbo Tax doesn't know when you get the refund or when the IRS sent it. This service allows tax professionals to collect their client fees from tax refunds. Don't send clients to a competitor. Where is MY MONEY(?) Collect fees all year long for professional services you offer.3, Compete with large tax offices and attract or retain more clients with a tax time advance. Online tax preparers and tax professional services need seasonal expenses. What doTAX PRODUCTS PE4 SBTPG LLCmeans? Starting January 2 each year, they can offer up to $ 6,000 of fast cash to their clients. This is ridiculous and needs to be fixed.NOW. It means tax professionals do not need to chase their clients for professional service charges. This is mainly a user community forum, so TurboTax folks will not see your posting. TaxSlayer states that if you filed using their software, once the IRS releases your refund to TPG, the program preparation fees are deducted. After giving me the correct totals, it all added up. 3 Online payments provided by AffiniPay, LLC, which is not an affiliate of Santa Barbara Tax Products Group. Fees for other optional products or product features may apply and will be disclosed at the time of application. Tax professionals can offer a refund service to their clients using TPG products. If it was from Tax Products Group, then that would be the Federal refund. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. Terms and conditions are subject to change without notice. 877.908.7228. Again, the IRS will catch this and make the changes to your return. Tax products pr1 sbtpg llc ach. Apr 06, 2012 11:10 am EDT. the same thing happen to me too. 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. 5 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. Available to new and existing TPG clients starting in November. Visit the IRS Economic Impact Payment Information Center for more details about stimulus payment eligibility, amounts and more. TurboTax is committed to protecting your personal information. That payment method also has an additional $40 service fee ($45 for California filers) and possible sales tax. Money can be deposited into a checking or savings account. 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. Fees apply to the ERO only with respect to successful collections. What do TAX PRODUCTS PE4 SBTPG LLC means? 2010-2023 Santa Barbara Tax Products Group, all rights reserved. You can find these services through TPG directly as well. My refund amount is off by THOUSANDS of dollars at that and I still havent received my stimulus! It incurs interest costs at an APR of 35.99% currently. Software Purchase Assistance advances provided by Green Dot Corporation. They obviously have my routing number for my bank account and have already deposited some. **, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. The IRS has been adjusting returns for that if they already sent you the first 2 stimulus checks. A refund from a filed tax return, including an amended tax return or an IRS tax adjustment to your tax account this will show as being from the IRS (IRS TREAS 310) and carry the code TAX REF.. i called and the line was busy and said to try back later or tomorrow. Visit the IRS Coronavirus Tax Relief page or the IRS Economic Impact Payment Information page for the latest information. I received Ilan unusual sum from tax product SBTPG LLC is it the same sum from IRS ? Tax professionals can deduct their fees from the refund directly as well. Thanks. I think Turbo Tax got the short end on this one. If you chose to get cash through Wells Fargo bank or Walmart, it will cost you an additional $10 and $8 per check respectively. 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. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) Many refunds are taking longer during the pandemic. Tax products pe2 . If you chose to have your TurboTax fees deducted from your federal refund, that is handled by the third party bank. PE1 and PE2 are tax refund codes that show up on your bank statement when you receive a tax refund applied through SBTPG. We'll help you get started or pick up where you left off. Turbo tax has been a great product that I have used for over 20 years without any reservation for my personal and businesstaxes. Needless to say, I won't be using Turbo tax EVER AGAIN. That fee is $40 (or $45 for California filers.). My refund from federal was due to come today and 1000's short of what federal refund site says it is. Then SBTPGs bank sends the rest of the Federal refund to your bank account. To check on regular tax refund status via automated phone, call, . Get an advance on your tax preparation fees so you get paid in days, not weeks. It is another short-term financing facility from TPG that lets tax professionals receive an advance payment when they make a tax filing through TPG. 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. Oh boy. It was founded in 1991 and is now a Green Dot company since 2014. I did get an email a month and a half again stating it will be deposited soon. Just federal and state plus sales tax? The IRS will issue the 3rd stimulus payment to the same bank account used for a taxpayer's 2nd stimulus payment. But based on a fee of $125 we can take a guess at what you might have used. when i enter the app store, i click "updates", then click "update". Tax professionals can offer a tax refund quickly to their clients through this service. Must be enrolled in Standard Refund Transfer program to qualify; all discount programs offered through TPG are excluded from this program. However, if you didnt actively work with TPG Products, its understandable to wonder, Why did I get a deposit from TPG Products?. The tax refund fee through Refund Transfer is $ 39.95 if it is done via direct bank transfer. It has been a failure on their part. Several other comments mention similar issuesseeing a deposit from TPG Products, but the deposit isn't their expected tax refund amount. Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. the tax preparer stated that i would get my refund within 7-10 days. Advances provided by Green Dot Bank, Member FDIC. I filed my tax return for 2012 by e-file accepted by irs on jan.30 2013 others that have filed after me have gotten their refund back already dont un; I filed my tax return including my school tax return oon jan.28,2013 and i was wondering when will i get my refund? Do not provide your SSN or bank account information to anyone calling you and claiming to be from the IRS or another government agency. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. I used direct deposit. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. Been part of TTLive, Full Service TTL, was part of Accuracy guaran TAX PRODUCTS PE1 TYPE: SBTPG LLC DATA: BTSN CO: TAX PRODUCTS PE1. . Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. 1 This product provided by Santa Barbara Tax Products Group, LLC enables certain deductions from the account to be processed. This is a user community forum, not a direct route to TurboTax Support. 10 Advance is subject to approval. How long does it take to get my refund? Something was not reported correctly on your return and the IRS recalculated your return causing you not to have a refund. You can look on your IRS account and look up account/record transcripts which are summarized or detailed. Fees apply. Find our contact information including our hours of operation. Here are a few frequently asked questions (FAQs) about SBTPG. 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. Don't go by the total of your Federal and state refunds, if applicable. If you are in California, then you also get additional benefits with the "pay out of the refund" option. Your ONLY source of information about your refund now is the IRS. You do not need to use them. @martinholden410. I have life lock and I have a clean SSI according to them. For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients. I have used that payment option before without any issues. TurboTax does not receive any updates from the IRS. So my federal return was $411. A search shows this is associated with Intuit. Skip the wait to get paid with a fee advance. It has been over 2 months. Here are some answers to common questions related to fraud. 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. Ive done the same thing every year and never have my taxes said tax products for the deposit.