what is this. In California, the fee is $45 (where it is bundled as Premium Services).. SBTPG sending me a refund that is almost $2,000 less than the refund I was supposed to be getting back? Your tax refund was not sent to TurboTax. what was this deposit for? My original refund was for $397 and that was confirmed. You said "bank checking account" above. 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. SBTPG did not contact me at all. You have clicked a link to a site outside of the TurboTax Community. The amount at least raises the question. Why did I only get $1800.40????? Ironically, a stimulus payment could equal a round figure of $3,900 if there are 2 spouses and 3 dependents. That is the descriptor for the intermediary bank that handles that process. I got much less than expected and will not be using you guys again if this is the case. By clicking "Continue", you will leave the Community and be taken to that site instead. This also includes past Child Support payments. If it's a state refund, it shouldn't say it's from "Tax Products PE3 SBTPG" which is this thread's title. Article continues below advertisement. So youre saying the deducted taxes out of my federal and I received the remainder of it? The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. Please advise. There may have also been sales taxes, if applicable. We'll help you get started or pick up where you left off. As of August 20, 2021, we had 10.1 million unprocessed individual returns. 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.. It is likely from the third-party company whose intermediary bank receives your Federal refund from the IRS, subtracts the fees, then sends the rest of your funds to your bank. TurboTax would have sent several emails to you before they took the money out of your account. Unprocessed individual returns include tax year 2020 returns such as those requiringcorrectionto the Recovery Rebate Credit amount or validation of 2019 income used to figure the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC). Don't go by the total of your Federal and state refunds, if applicable. Are you including the extra 39.99 Refund Processing Service charge (44.99 in California)? To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. If your sales tax in your state is 4.4% or 6% then you have your answer. https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632, https://support.turbotax.intuit.com/contact. They can receive a refund through a check, direct deposit, or ACH transfer. Ichecked with theIRS and it matches turbo tax refund info. Or are you saying that the WMR tool shows no evidence at all of an expected deposit? where is the r; I got refund from ach credit tax products pr sbtpg llc today. 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. This option also has an additional charge from the bank that processes the transaction. The IRS is opening mail within normal timeframes and all paper and electronic individual returns received prior to April 2021 have been processed if the return had no errors or did not require further review. If not, I've provided a link below. A couple of users reported that at least for them, that was a backdoor route to the IRS. But based on a fee of $125 we can take a guess at what you might have used. Who do I contact regarding the Remainder of My Refund? We don't know what the shortage "over $1200" refers to, but based just solely on the amount, a possible guess is possibly something stimulus-related (Stimulus 1 or 2). They IRS knows they sent it to you. 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. Choose 2 for "personal". And some people on that thread are reporting they are short thousands of dollars! Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund.This option also has an additional charge from the bank that processes the transaction. No one here is going to know anything specific about your situation, and you have not explained it any. to receive guidance from our tax experts and community. If it becomes necessary, I also left info below on how to speak to the IRS Taxpayer Advocate Service. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected. Electronic deposit tax products pe1 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. Ask questions and learn more about your taxes and finances. Did the information on this page answer your question? I checked my federal return status. 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. They are the 3rd party bank your refund has to go thoughso they can take the fees of of your refund. If youre in need of assistance, call us by the Tuesday prior to your debit date at 1-888-808-1723 to speak with a trained specialist and mention auto-debit, or visit TurboTax Support. You have clicked a link to a site outside of the TurboTax Community. **Disclaimer: Every effort has been made to offer the most correct information possible. Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Departments bank account. Or no? I didn't get a resolution yet but wanted to get it out to everyone to check the IRS Track my refund for personal updated information. If I receive a deposit from TPG Products Sbtpg LLC but it isnt no where near my whole refund, am I getting that back? ), https://turbotax.intuit.com/tax-tools/efile-status-lookup/. Do not go by any summary screen in TurboTax that shows a "Total refund" or "net", which combines the Federal and state amounts into one figure. I got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. So I went digging into the help community and there is a 50-page thread where HUNDREDS of people are experiencing the same thing: https://ttlc.intuit.com/community/after-you-file/discussion/my-refund-is-less-and-comes-from-tpg-products-sbtpg-llc/00/2487834. If it tells you we have received your return or are processing or reviewing it, we are processing your return, but it may be under review. We'll help you get started or pick up where you left off. is it from irs or from the tax consultants with which i filed? Irs refund site stated my refund deposited 3/14. The IRS sent your federal refund to the third party processor, Santa Barbara Tax Products Group, so they could deduct the TurboTax account fees and their service charge. The funds were sent to SBTPG and 481.76 of the total was deposited into my account. Scroll down and click onAdd a State. TurboTax never gets information from the IRS or state when they reduce your refund. I usually use a speakerphone so I can work on something else while waiting. Oh my. I would be FUMING. User @Kberes93has been calling it his Federal refund, but perhaps it is a stimulus payment. If you believe there's a discrepancy with your TPG Products deposit or the fees that were deducted for tax preparation services, you can reach SBTPG at 877 . Note -Once a tax return has beenAcceptedby the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. How do I file a nonresident state return? Real experts - to help or even do your taxes for you. Ask questions and learn more about your taxes and finances. NOTE: Or were you expecting a stimulus payment of $3900-- are there 2 spouses and 3 dependents? I was told that is what to get. No one here can see your fees or the amount of your refund. Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? 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. Real experts - to help or even do your taxes for you. If you are in California, then you also get additional benefits with the "pay out of the refund" option. 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. But people who did not receive the maximum amount of the Economic Stimulus Payment, and whose circumstances have changed, may be eligible now. Did the information on this page answer your question? You can also check out this TPG Refund Tracker to check on your refund. Federal and state are completely separate and refunds come at different times from different places. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. Tax products pe1 type sbtpg llc co tax products pe1. You can also check out this. Then SBTPG's bank sends the rest of the Federal refund to your bank account. what is this? to receive guidance from our tax experts and community. If you chose to pay your TurboTax product fees out of your Federal refund, that is handled by a third-party company SBTPG. The extra fee is for that optional "pay out of refund" option. And if you save a PDF of the return with all the worksheets you will see this in the Bank Processing information. So my tax return should of been $544. You can find your status within the TurboTax product.If accepted by the IRS use the federal tax refund website to check the refund status -https://www.irs.gov/refundsIf accepted by the state use this TurboTax support FAQ to check the state tax refund status -https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund. IF the Federal Government feels that you received any unemployment benefits either by accident or fraud, they will automatically deduct it from your federal return. What do TAX PRODUCTS PE4 SBTPG LLC means? Real experts - to help or even do your taxes for you. I have life lock and I have a clean SSI according to them. It is not possible for TurboTax to speed up the IRS for you. 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. The file names were concerning. I filed my ny state tax return in early july. So Im literally missing thousands! The Federal refund you are due will be the figure on your Form 1040, Line 35a, minus the TurboTax product fees, and minus the $40 (or $45) service fee for that payment option. Here's how to reach a live IRS agent, but they are so busy it may not be easy. I wish I would have just paid outright for all of it upfront instead of choosing the option to take the payment out of my refund. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. Check your spam folder for emails. https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.). Ask questions and learn more about your taxes and finances. We don't know what the shortage "over $1200" refers to, but based just solely on the amount, a possible guess is possibly something stimulus-related (Stimulus 1 or 2).Or it may be due to something completely different, such as an offset or recalculation of some other credit, etc. Hand off your taxes, get expert help, or do it yourself. Premier investment & rental property taxes. Real experts - to help or even do your taxes for you. Ask questions and learn more about your taxes and finances. I received a deposit from tax products pe sbtpg llc but it was not the full amount i was to get. ACH credit is not the preferred payment option for most taxpayers. to receive guidance from our tax experts and community. 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. In that circumstance the IRS sends one's Federal tax refund to one's temporary account at SBTPG's bank, and SBTPG then subtracts any product fees plus a $40 service fee ($45 for California filers.) I'm waiting for my State tax refund of $635.00 and I see the title above for $875.01 deposit to my Bank checking account. What is tax products pe1 sbtpg LLC????? what was this deposit for? The refund is from Santa Barbara Tax Products Group. vettedparty to do business with. Have a question for Santa Barbara Tax Products Group (TPG)? That fee is $40 (or $45 for California filers.) I have dealt with turbotax before and never had issues like this year.First they made a mathematical mistake that cost me.now I received my remainder of my tax and the THiRd Party Santa Barbara bank got more than me really. It was shown on several screens and you had to agree to it. Did you have both Federal and state refunds? I removed your attached files. 4 Customer must obtain a Refund Transfer (separate fees apply). We'll help you get started or pick up where you left off. What Online TurboTax product did you use--Free Edition with PLUS, Deluxe, Premier, Self-Employed? They just gave you an estimated date. Then click onPrint Center. That was where the issue lies. All about the refund | Ask the Experts Live Ev Premier investment & rental property taxes. We can tell you how to contact SBTPG (Tax Products Group) and ask them if you don't know what the deposit from them was for. Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return. Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. 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. where did the other 45.00 go? It should show what SBTPG received from the IRS. If that deposit from Tax Products Group wasn't your Federal refund (minus the product fees and service charge), then it's not clear what it was for. Missing thousands of dollars.. was only Direct Deposited $450 vs $4,000+ 7 5 104,698 Reply. If you need to, you can phone SBTPG to inquire about the deposit and ask them if it was a Federal refund or a stimulus payment. I still have not received my federal refund. They are shady shady. It also shows their business hours. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Required fields are marked *, What Is The Due Date For An Llc Tax Return? I am not sure how much time will I be spent trying to get this money, but if I choose to use Turbo tax next year, I will make sure pay everything in advance to avoid SBTPG. You have clicked a link to a site outside of the TurboTax Community. I added some additional information to my initial comment above. That deposit descriptor from "PE2" you provided would most commonly be for a Federal refund. A state refund comes directly from the state tax agency. But in some circumstances it's possible that SBTPG receives an economic stimulus payment. Was this a cash advance that I received and if so when will I receive the remaining balance of my federal refund because I'm sure taxes and fees did not add up to over $1200 dollars for which my federal refund was short. They took out $109.00 from my account, and no refund yet?? If you have a fee issue, here's how to reach TurboTax Customer Support by phone. Optional: Pay fees out of Federal refund: Additional service fee of $40 or $45, depending on whether it's California or not. Real experts - to help or even do your taxes for you. Please dont file a second tax return or contact the IRS about the status of your return. Any and all help is greatly appreciated. They charged me $ 59.95 for a "software upgrade" in order to send my return electronically. Since you're posting in this thread, I'll assume you chose to pay your TurboTax fees out of your Federal refund, and that you received the $507 with a description "Tax Products PE3 SBTPG" (or similar) as mentioned in the thread title. I spoke with someone and they walked me through the fees - looks like they added on something I didn't ask for, which wasn't a big deal - but even after that I was short $50 less than I should be. There may have also been sales taxes, if applicable. So my federal return was $411. June 7, 2019 4:04 PM. **Disclaimer: Every effort has been made to offer the most correct information possible. Tax Pro Website Login to your account at . SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. Dont ponder if it is coming from the IRS or from the refund deposit. Although I have mentioned it twice, he has not specifically said what the deposit descriptor is on his direct deposit, so I've been assuming it's the same as the thread topic, but it may not be. Who is this Santa Barbara Tax Group and why is this happening this time? If you don't pay they will debit your account. You might have to look that up so you don't get it twisted. SBTPG does not receive state refunds, only Federal. My refund amount is way off. They are one who handles your refund if you elect to pay your fees with your refund. (This line has no information on Economic Impact Payments. By clicking "Continue", you will leave the Community and be taken to that site instead. Tax products pe1 sbtpg LLC Here is what it means, An Alternative to Selenium for Testing ERP Systems, Maximizing Energy Efficiency in the Workplace, Jobs For Unskilled Immigrants Of Canada: Learn How To Apply, Rapid enterprises inc/ stamps Here is what it means, Capital one credit card login How to login & Features, FM deposit hold-see SM Here is what it means. I figured it out from the deposit into my account and several other sources. If they reduced it, it might have a message telling you why. Premier investment & rental property taxes. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Hand off your taxes, get expert help, or do it yourself. Viewing your IRS account information. That bank is only involved if you used a paid version of the software and then chose to have your fees deducted from your federal refund. You have clicked a link to a site outside of the TurboTax Community. It's not clear yet. Is your account a bank account or a prepaid debit card account? reply by email or better yet call me or give me a number to call. 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. Enclosed Car Shipping: Which Is Better? for their personalized refund status and can reviewTax Season Refund Frequently Asked Questions. SBTPG has a phone contact page at the following link. I just noticed you're posting in 2 different threads on the same subject. why dont u reply to my message? If a debit card, did you apply for a Turbo Visa Debit Card and got a refund advance? Turbo Tax executives have failed in setting up this arrangement. It may lead to more research or give you the answers everyone has been looking for. i recieved a notice last week that the refund was being deposited in my account but i never received it. They are short staffed; and they are processing millions of tax returns at the same time that they have been burdened with the task of processing millions of stimulus checks. why is my refund 125.00 short from the 1973.00 I was to get? Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Who do I contact regarding the Remainder of My Refund? Now my refund status is saying that my tax return is staill being processed, refund date wil be provided when available? This is mainly a user community forum, so no one here will know exactly what you received or didn't receive and why. Whether you owe taxes or youre expecting a refund, you can find out your tax returns status by: Using the IRS Wheres My Refund tool.
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