I have life lock and I have a clean SSI according to them. Try scheduling an appointment with your local office. I did my taxes myself and sent them straight to the IRS I dont use any software. Is the missing amount explained by a state refund that you haven't yet received? For the handful of clients that pay-by-refund and don't receive funding, use Auto Collect and collect from past due clients. Who do I contact regarding the Remainder of My Refund? 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. So someone from this company is either ripping taxpayers off or they keyed in the wrong deposit information. Optional: Pay fees out of Federal refund: Additional service fee of $40 or $45, depending on whether it's California or not. You can find these services through TPG directly as well. If this happened, Turbo Tax uses a third party processing service to process your refund. What do TAX PRODUCTS PE4 SBTPG LLC means? Sorry you're having trouble, but you're preaching to the choir here. for 33 years. 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.. Ppd tax product pr1 sbtpg llc. Then SBTPG's bank sends the rest of the Federal refund to . 2 GO2bank cards are issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. why is there an extra $39.99 charged outside of whats already been listed? IRS tax refund deposit must be received by 5/31/23. For EIP2s made by ACH Direct Deposit with a settlement date of Monday, January 4, 2021, an RDFI is required to make funds available for cash withdrawal by 9 a.m. (in the RDFI's local time) on that date. Consumer Tax/Taxpayer. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card.2. 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. Are PE1 and PE2 Different types of Tax Products? Waiting is frustratingrefunds are taking longer in many cases. Some tax professionals offer a 0% APR fast cash loan to their clients separately too. *Available with the free Google or Facebook integration. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. for 33 years. Shouldn't it be $237.02? I've been using for last 10+ years. I called turbotax and the support gentleman fully explained to me the charges . Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. in Mand BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Yes. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. Fees apply to the ERO only with respect to successful collections. They can receive a refund through a check, direct deposit, or ACH transfer. Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. The IRS has struggled to meet taxpayer expectations. I removed your attached files. And when you use the taxpayer tool at the SBTPG website to look up your refund, when you enter your info, does it say how much they received from the IRS? Then SBTPGs bank sends the rest of the Federal refund to your bank account. Tax returns may be filed electronically without applying for this loan. Fees for other optional products or product features may apply and will be disclosed at the time of application. I don't know if it's a State or a Federal tax issue. TPG Product SBTG LLC is a company that was founded in 1991. Collect fees all year long for professional services you offer. the same happens to me they were short $1500 on my return. Online tax preparers and tax professional services need seasonal expenses. If my deposit storage is not corrected I will not be using Turbotax next year. Tax Pro Support (Existing client) 800.779.7228. Similarly, your Fast cash loan will incur interest costs as well. I looked on SBTPG website and it indicated that it was probably due incorrect information or unusual activity on my SSI number. When you apply for a tax refund through TPG or one of its partners, you allow them to deduct their charges from your refund. The deposit was for $197.03. Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. No, SBTPG offers tax services to taxpayers and tax professionals only. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. Santa Barbara Tax Products Group-isthe company that processes the refund whenever you choose to have your software fees deducted from your federal. (Solution). I know most do but its because they dont know how to file for free. This could include things such as missing income or inaccurately reported income (ex. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. Advances provided by Green Dot Bank, Member FDIC. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. I again used Turbo Tax to do my 2019 taxes. SBTPG is Santa Barbara Tax Products Group that offers different tax products to individuals and tax professionals. If you look at line 30 of your 1040 and it shows an amount there, and you already received the $1,400 per person last year when they sent out the stimulus payments, this is likely the reason. Your ONLY source of information about your refund now is the IRS. Terms and conditions are subject to change without notice. If you used the CD/download product to file your return, the only place you can find the 2018 tax return would be on your computer. when i enter the app store, i click "updates", then click "update". This product is not a loan. It's always the exact amount on my return. Many tax filers are scratching their heads after receiving a deposit labeled TPG Products. The IRS encourages people to file tax returns electronically and select direct deposit options. It is commonly known as the Tax Products Group (TPG). Been with Intuit for going on 6 years now. Why Did I Get My Deposit Less Than What I Expected? IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. Is this legit? $1600 to SBTPG? Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 103,481 Reply. My turbotax fees where $173.98. I filed my refund in April with TurboTax and still haven't recieved it. 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. Get a no cost loan and purchase your tax preparation software today. Waiting is frustratingrefunds are taking longer in many cases. + Checks up to $7,500 cashed for a cost up to $8. I put 500 towards estimated taxes from 2020 and put 1000 for estimated taxes this yr that i put in from 2020 so it he 64 was correct. If their clients have past dues, TPG would collect them from the clients on their behalf. Turbo Tax guarantee promises were keptby Turbo Tax. But I know I did not read anywhere on Turbo Tax that they can take 60% of my tax return. SBTPG offers a comprehensive marketing plan to their professional tax partners at no additional cost. The FAST CASH service comes at an APR of 35.99% on your advance refund. Location of This Business. https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information. Really--are you blaming TurboTax for the pandemic that caused the IRS to become backlogged? What Is Tax Products Pr1 Sbtpg Llc? The IRS Get My Paymenttool is scheduled to be updated on March 15. Ask your preparer about other IRS e-file options, some of which are provided at no additional cost. Give your client the option to pay for tax prep with their refund, and there's nothing to pay up front. Fees apply. If you efiled you might have upgraded to a higher version and didn't notice the fees if they were selected to be deducted from your refund. 1 This product provided by Santa Barbara Tax Products Group, LLC enables certain deductions from the account to be processed. There is an EXTRA 39.99 for that Refund Processing Service. The ID itself is the fee taken out from your refund as part of the agreement when you used these outside services. The extra fee is for that optional "pay out of refund" option. SBTPG has a phone contact page at the following link. I have not been able to receive an answer also. I worked for the I.R.S. If you have a prepaid card or a bank that releases your deposit early, you will see your money in your account in the afternoon around 3 or 4pm. My refund came through TPG. 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. I don't know how or what they have listed. It comes with a fee of $30 for every $1,000 after November 30 and $45 for every $1,000 before this date. Ask for FREE. If needed, you may also call SBTPG at 877-908-7228. When you file your return and pay for TurboTax from your refund, then the refund money is sent to the the SBTPG. For example, for a loan of $2,000 with a repayment period of 30 days, the total amount payable in a single payment is $2,059.16 including principal and interest. Do they process federal and state returns separately? No, the IRS and other government agencies will never call asking for your Social Security Number (SSN) or banking information. . https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new

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