It does not make sense. @Ortizj49tkd If you see a transaction listed as Tax Product PE2, typically that refers to the amount you paid TurboTax to prepare your return. + Checks up to $7,500 cashed for a cost up to $8. How do I update Form W-9 with TaxSlayer Pro? . I added some additional information to my initial comment above. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. TurboTax comes in five editions: TurboTax Free - Cost: $0 + $29.99 for each state return. Why is the amount that turbo tax said it was going to send, not the same amount that has been deposited into my account? It does not contain enough information. Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days. Up to $175,000 in cash flow for Tax Pros Purchase software with a no cost loan Get a no cost loan and purchase your tax preparation software today. if you opted to pay your Turbo Tax fees by using your refund, the refund processing service used is Santa Barbara Tax Products Group. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. 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. Apply today 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. Here is their website link, that has their contact information. Tax professionals can charge their service charges separately as well. Currently, check cashing at Walmart is not available in NJ and NY. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. I am having this same problem. That should have given me a refund of $1807. Click this link for more info on why the IRS may have madeAdjustments to Recovery Rebate Credit. Been with Intuit for going on 6 years now. The TaxSlayer.com online support page states that it's used for processing tax refunds for people who choose to have their tax preparation fees deducted from their refund. 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. Can someone explain why I would have a tax product deposit in my account when Ive NEVER done business with turbo tax? It stands for Santa Barbara Tax Products Group or formally known as TPG. Been with Intuit for going on 6 years now. 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. If you don't use any software then do you get the blank forms and do them by hand? Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. If i filed my tax return on 1/31/13 direct deposit how long will it take to get refund? You can find these services through TPG directly as well. I don't think they list the Pay with Refund fee. We'll help you get started or pick up where you left off. I did my taxes myself and sent them straight to the IRS I dont use any software. But with the Coronavirus situation, a lot of correspondence from the IRS has been put on hold, causing delays. TurboTax does not have copies of returns filed using the CD/download product. I believe the TurboTax service fee was $140, but I have a Positive deposit of $144.72. If you received a deposit of your Federal refund from "Tax Products", aka SBTPG, PE2, etc., that implies you had TurboTax fees that you chose to pay out of your Federal refund. TPG Product SBTG LLC is a company that was founded in 1991. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. Please click here to learn more about the Offset Program. I got a $500sum tax return last year(2019)this year its supposed to be almost $1000 BUT I got a deposit from that same weird name "tax products PE2etc" that was $800 something..Now I am aware it came from Santa Barbara Tax Prod or whatever which is linked to Turbo Tax for processing but WHY am I getting this money? BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. When an unknown printer took a galley of type and scrambled it to make a type specimen book. Santa BarbaraTax ProductsGroup-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. I remember seeing the tax product thing towards the end of me . Go back and review your return. **Say "Thanks" by clicking the thumb icon in a post, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. 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. One other user (not officially affiliated with Intuit) responded that tax refunds are processed by a third-party company, which matches up with information about Santa Barbara Tax Products Group. Turbo Tax doesn't know when you get the refund or when the IRS sent it. What was the response about the huge fee? 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. Community Experts online right now. If you used the TurboTax online product and used another account, you would have to open that account to find your 2018 tax return. It means tax professionals do not need to chase their clients for professional service charges. Gov site. in Mand MBA, Enrolled Agent. Neither has the IRS. Did it ever update? I am also missing a few thousand I only got $79 i think this is a joke right? SBTPG (aka Tax Products Group) is an intermediary company that handles this. No, SBTPG offers tax services to taxpayers and tax professionals only. Estimate your tax refund and where you stand. What do TAX PRODUCTS PE4 SBTPG LLC means? Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. This is a debit/credit card processing service to make payment processing from clients easy. Very soon you might get a direct deposit from TPG Products SBTPG LLC! They have been serving the consumers with tax-related financial products and services. The amount of money in question does not make sense. Ach credit tax products sbtpg llc. 0 Reply jeffcox132 I got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. Ironically, that would also equal a round number of $3900. Here are a few frequently asked questions (FAQs) about SBTPG. Fees? Ask Your Question Fast! It also shows their business hours. **, **Say "Thanks" by clicking the thumb icon in a post. If so, they should send you a letter in about 3 weeks or so explaining why. So my federal return was $411. Iwont use them again!!! 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. in Mand Enrolled Agent since 2008, Intuit Tax Expert since 2011. Any and all help is greatly appreciated. If that's the Federal refund after fee subtraction, the figures you provided imply your TurboTax fees and associated charges are 4124 - 3900 = 224. "PE2" and nothing more? 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? It is spam / self promotion. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded). This means one of two things happened. 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. That was a lie!! Doesn't seem to have worked as I am now having to ask where is the rest @Ramrod360 Short $1,000+ sounds like an offset or an adjustment. Did you get a deposit with that description? If you have a question about your TurboTax fees or billing, make sure you use the word billing in your request for help. It can take the IRS "Where's My Refund" tool a while to catch up. This service from TPG offers pre-season funding. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new

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