tax products pe1 sbtpg llc
SBTPG then direct deposits the remainder of the federal tax refund into the account you requested on the federal tax return. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. If I have to pay a fee Iwill never use turbo tax again . (will not allow numbers), so my bank received a deposit of$97 and some change? I will be contacting the MA Attorney General. User @Kberes93has been calling it his Federal refund, but perhaps it is a stimulus payment. Ask questions and learn more about your taxes and finances. what is this. If you want to check with the third-party company to see what they received from the IRS, you can use the SBTPG refund lookup tool at their website. Then SBTPGs bank sends the rest of the Federal refund to your bank account. Shouldn't it be $237.02? Get answers 24/7 at Support.sbtpg.com. The total refund was about 1600.00 . This will take you back to the 2019 online tax return. They are especially prone to help if you have an economic hardship. IRS and it matches turbo tax refund info. At the following IRS website, find the USA map and click on your state, and it will give you the number of your IRS Taxpayer Advocate. (TOP 5 Tips), What Is The Sales Tax In Rhode Island? For your privacy and security, please do not post personal info in this public forum. I think Turbo Tax got the short end on this one. Personally, my bars didn't change to "sent" until 3-4 days after I got my deposit, but it did provide me an expected deposit date a few days ahead of time. for information regarding your refund. PE1 and PE2 are two tax refund codes for taxpayers when they receive a tax refund from the IRS through SBTPG. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+. This is a public user community forum. Apparently you requested to have the TurboTax account fees deducted from the federal tax refund. I have read several of the comments and did research. Was that the second Stimulus check or the tax refund from the IRS? I would be FUMING. That could be for the second Stimulus payment. what was this deposit for? 4 Customer must obtain a Refund Transfer (separate fees apply). Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. Irs refund site stated my refund deposited 3/14. If you pay the fees upfront with a credit card before you file you get your full refund directly from the IRS. Will never use turbotax again this Hidden fees kill me, Dont recommended right now to many shady deductions. Waiting is frustratingrefunds are taking longer in many cases. Don't go by the total of your Federal and state refunds, if applicable. Federal and state are completely separate and refunds come at different times from different places. I'm not familiar with that. Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return. This option also has an additional charge from the bank that processes the transaction. We'll help you get started or pick up where you left off. Real experts - to help or even do your taxes for you. Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have yourTurboTaxfees deducted from your refund. So I dont know why but Im guessing they took the money from us. I filed my ny state tax return in early july. Then SBTPG's bank sends the rest of the Federal refund to your bank account. 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. Were working hard to get through the backlog. There must be more to your story if you think it was not your Federal refund. So I'll give you some general info, and how you can check on how your refund is being handled. what was this deposit for? . Do not confuse tax products pe1 with tax products pe3. The deposit was for $197.03. last time I use turbo tax. Do not confuse tax products pe1 with tax products pe3. Here's how to get to their refund lookup tool: SBTPG has a phone contact page at the following link. Hand off your taxes, get expert help, or do it yourself. So my tax return should of been $544. 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.. 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. Will I still get my federal tax refund even though I got that back in my account? I still have not received my federal refund. Do they process federal and state returns separately? BTW, this is a public Internet forum. Ok. Don't ponder if it is coming from the [] Since you are posting in a thread titled "Tax Products PE3 SBTPG", I presume you chose to pay your product fees out of your Federal refund and have now received a Federal refund from SBTPG (Tax Products Group.) This is due to many factors, such as the pandemic, completing processing of millions of 2019 tax returns, stimulus payments, unemployment compensation exclusion tax refunds., changes in the tax code by Congress in the middle of the 2020 tax season and the like. But first check the IRS "Where's My Refund" tool at the link below. The TurboTax program does not get feedback from the IRS either during return processing or when a refund has been sent. I didnt have any fees because mine were simple, Last year they had a similar issue where this exact thing was happening and those werent receiving their whole deposit. Or you could phone them to inquire about it. "PE2" and nothing more? I was suppose to be refunded $936. If you filed on paper, check Wheres my refund? We understand that these are unprecedented times and were committed to helping our customers who are experiencing hardships. Im not understanding why on my turbo tax app it doesnt say or show that my refund was sent but I got money on my card I gave turbo tax. Who do I contact regarding the Remainder of My Refund? To the leadership of turbo tax, you can blame it on your second party vender. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. To check on regular tax refund status via automated phone, call, . Just federal and state plus sales tax? You have clicked a link to a site outside of the TurboTax Community. When you file your return and pay for TurboTax from your refund, then the refund money is sent to the the SBTPG. Did you get it after you filed or not enter in the 2nd box? Did the information on this page answer your question? Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 104,698 Reply. Use the Taxpayer portal at: Actually, on second thought, that might still not resolve the question, since if SBTPG receives a payment from the IRS that they can't identify as a refund or a stimulus payment, their website says they will process it as a refund and subtract the fees, and send it on to your bank. 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. Thats handled by an intermediary company called SBTPG (aka Tax Products Group.) I've seen it work for some users when the WMR tool didn't. Was it a stimulus payment; i.e., did a stimulus payment go to Tax Products Group by mistake, and then they sent it to your account? ACH credit is not the preferred payment option for most taxpayers. I know that money would be taken out for taxes to file. Now my refund status is saying that my tax return is staill being processed, refund date wil be provided when available? The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. SBTPG also has a contact phone number on their website. It is possible for SBTPG to receive and pass along a stimulus payment as a "refund" in some instances. New Member. By clicking "Continue", you will leave the Community and be taken to that site instead. to receive guidance from our tax experts and community. I added some additional information to my initial comment above. Then he can check with the IRS to see if they can explain the $507 payment and if his Federal refund has actually even been sent. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. Examples include the direct deposits for any government benefits, tax refunds or earnings you receive and for certain tax payments you might make. I've already made my complaint against Santa Barbara Tax Products Group. im just using the numbers that are listed in my order details. After filing eith Inuit Turbo Tax for YEARS, March of 2022 they fucked me over and took more than HALF my refund with hidden fees and bullshit excuses. You will need to contactTPG for information regarding your refund. Ask questions and learn more about your taxes and finances. It was shown on several screens and you had to agree to it. Here's how to reach a live IRS agent, but they are so busy it may not be easy. Is that all it said for a description? There may have also been sales taxes, if applicable. In any case, if they reduced it, they should send you a letter in 3 or so weeks explaining why. When you choose to have your TurboTax fees deducted from your federal refund you agree to have that done by the third party bank. Real experts - to help or even do your taxes for you. What is the problem? i recieved a notice last week that the refund was being deposited in my account but i never received it. to receive guidance from our tax experts and community. In addition to the product fees and possible sales tax, there is a $40 service fee for that payment option ($45 for California filers). They are shady shady. Viewing your IRS account information. No one here is going to know anything specific about your situation, and you have not explained it any. The file names were concerning. The IRS is seriously behind in processing 2020 tax returns. https://turbotax.intuit.com/tax-tools/efile-status-lookup/">https://turbotax.intuit.com/tax-tools/ef https://ttlc.intuit.com/questions/1900596-what-is-the-refund-processing-service">https://ttlc.intuit What is Form 1065, U.S. Return of Partnership How do I claim the Qualified Business Income D How do I enter a 1099-K in TurboTax Online? So that adds up to $120 (or $125 if you are in California.). Charging me over $100 for 1040EZ form. If that's your situation, then the deposit is confusing. **Disclaimer: Every effort has been made to offer the most correct information possible. In my previous answer to you I told you how if you paid fees that way, you can look up your info at the SBTPG refund lookup tool to confirm what they received from the IRS. Did you have 600 on 1040 line 30? There may have also been sales taxes, if applicable. Apparently, this is a "known issue" and TurboTax is dealing with it, but this is super shady to me. Ironically, that would also equal a round number of $3900. Sorry you're having trouble, but you're preaching to the choir here. If you are in California, then you also get additional benefits with the "pay out of the refund" option. That has happened to some people. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. Did the information on this page answer your question? Then click onPrint, save or preview this year's return. The total refund was about 1600.00 . I don't think they list the Pay with Refund fee. What information is incorrect? What do TAX PRODUCTS PE4 SBTPG LLC means? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 5 Things to Expect After Your Solar Panel Install. I have a similar issue. When I filed my taxes I put that I didnt receive my stimulus but then the very next day it was deposited in my account so the IRS adjusted my refund to 8950, they even sent me a letter letting me know the adjusted amount. You can contact them SBTPG, toll-free, at1-877-908-7228or go to their secure websitewww.sbtpg.com, https://ttlc.intuit.com/questions/2580357-who-provides-the-refund-processing-service, https://ttlc.intuit.com/community/refunds/help/who-provides-pay-with-my-refund/00/26410. https://ttlc.intuit.com/community/taxes/discussion/re-this-is-the-descriptor-for-the-intermediary-co After some thorough digging I have discovered that my return and deposit were off ($977.00) is because of the unemployment benefit my wife recieved (one week and some change) during the 2020 year as part of the original Stimulus package. I would hope that those responsible for setting up thesethese financial arrangements are made aware of the additional work and the poor customer service we have experienced. I would hope that those responsible for setting up thesethese financial arrangements are made aware of the additional work and the poor customer service we have experienced. What Online TurboTax product did you use--Free Edition with PLUS, Deluxe, Premier, Self-Employed? Ask questions and learn more about your taxes and finances. And I only received $61 from an unknown deposit. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. what was this deposit for? As of August 20, 2021, we had 10.1 million unprocessed individual returns. All about the refund | Ask the Experts Live Ev Premier investment & rental property taxes. If you have any Questions you can call the (BFS) Bureau of Fiscal Service .
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