None of the answers regarding this helped me.whether it was on google in general or on here. You should call the SBTPG and see if they sent you someone else's refund. What was the purpose of this deposit? Once on the website click for taxpayers, logging to TPG, then you add your SSN, federal refund amount expected from WMR, and filing status. According to Turbotax, I was getting back $3925 for federal and $1344 for state. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. 25K views 9 months ago U.S. Tax Updates If you used TurboTax to prepare and electronically file your federal Form 1040 income tax return, you may have received your tax refund via a third. 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. 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. What is Locality Name on W-2 Mean? What is this from? Go back and review your return. TurboTax never gets information from the IRS or state when they reduce your refund. that can look at your screen to determine the origin of that charge. Click this link for more info on why the IRS may have madeAdjustments to Recovery Rebate Credit. I'm not complaining everybody loves extra money and I'm keeping it but the status of my 2020 return says its being processed and isn't ready yet so I know that's not what that money is. What gives? We use cookies to ensure that we give you the best experience on our website. I just don`t understand !! What Online TurboTax product did you use--Free Edition with PLUS, Deluxe, Premier, Self-Employed? A state refund comes directly from the state. No warning, just a deposit. People may receive compensation for some links to products and services on this website. Click onTax Toolson the left side of the online program screen. Even when they are closed, you may be able to get automated info, or you can log into SBTPG as I outlined above. Several other comments mention similar issuesseeing a deposit from TPG Products, but the deposit isn't their expected tax refund amount. I called the IRS offset number, the system literally stated I have no debts under my social security number. Who do I contact regarding the Remainder of My Refund? If I receive a deposit from TPG Products Sbtpg LLC but it isnt no where near my whole refund, am I getting that back? 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. 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. Contact Us - Santa Barbara Tax Products Group Contact Us Get answers to your questions right away. . Gov site. Jul 14, 2022 Instead, their money was deposited in Santa Barbara Tax Product Group also known as TPG, which is the bank that processes refunds when you If you pay the fees upfront with a credit card before you file you get your full refund directly from the IRS. It is commonly known as the Tax Products Group (TPG). 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. Find a tax pro in your area and see the tax-related products they offer. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. But with the Coronavirus situation, a lot of correspondence from the IRS has been put on hold, causing delays. If I had asked Turbotax to cut a check would there have been such a fee? I worked for the I.R.S. Or your return was submitted and the IRS garnished your refund. 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. What does tax product mean on my bank statement? what was this deposit for? for 33 years. I WILL NEVER USE THIS SERVICE AGAIN. 0 Reply jeffcox132 This is the descriptor for the intermediary company (Santa Barbara Tax Products Group, aka SBTPG) that processes a refund when you choose to pay fees out of the Federal refund. Taxpayers can directly choose the services of TPG without availing of their tax filing services as well. So my tax return should of been $544. If you chose to get cash through Wells Fargo bank or Walmart, it will cost you an additional $10 and $8 per check respectively. They are the 3rd party bank your refund has to go thoughso they can take the fees of of your refund. 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 the Qualified Business Income (QBI) de Should I file my business and personal taxes t How do I enter a 1099-K in TurboTax Online? We'll help you get started or pick up where you left off. Ask for FREE. 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. Tax production direct deposit load Taxpayers can file taxes online through tax software like TurboTax. Maybe you already received it (minus product fees and service charge). I worked for the I.R.S. No upfront fees Check with them to see if they can provide you with an answer. But in some circumstances it's possible that SBTPG receives an economic stimulus payment. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. Taxpayers can choose to file and receive their tax refunds through TPG in different ways. for 33 years. Please click here to learn more about the Offset Program. I received Ilan unusual sum from tax product SBTPG LLC is it the same sum from IRS ? Are there any delays? mass at st george catholic church What is tax products pe2? Source: Unsplash, Santa Barbara TPG LinkedIn. @Ortizj49tkd If you see a transaction listed as Tax Product PE2, typically that refers to the amount you paid TurboTax to prepare your return. TAX PRODUCTS PE1 SBTPG LLC credited and debited my return same day (amount was with fee deducted as expected). Its on the home screen. what was this deposit for? I spent my last 11 years at the I.R.S. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. See the TurboTax FAQ link below for more information about why your deposit may be less than expected. I got an Direct Deposit to my account from Tax Products Pe3 in the amount of $135. Please call the Treasury Offset Program at 800-304-3107 to find out if this is what happened to you. PE1 and PE2 are tax refund codes to denote a refund transaction coming from SBTPG. What Is Tax Products Pr1 Sbtpg Llc?. Online tax preparers and tax professional services need seasonal expenses. Support hours are 5AM-5PM Pacific (8AM-8PM Eastern), Mon-Fri, FAQ: What is the TurboTax phone number?https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632, Or use this contact form:https://support.turbotax.intuit.com/contact. SBTPG is the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. If so, they should send you a letter in about 3 weeks or so explaining why. Should I be patient or go straight to defcon 5?? Or are you saying that the WMR tool shows no evidence at all of an expected deposit? Pay for tax preparation with your tax refund TPG takes all associated fees out of your tax refund, making it easy to pay for tax preparation. No, PE1 and PE2 are two bank transfer codes that will show up on your bank statement sometimes. https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632, https://support.turbotax.intuit.com/contact. If it`s a deposit, it could be your tax refund. Taxpayers can file taxes online through tax software like TurboTax. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new:! 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