Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Departments bank account. If you had not agreed to this, contact the firms immediately to sort this out. Optional: Pay fees out of Federal refund: Additional service fee of $40 or $45, depending on whether it's California or not. And some people on that thread are reporting they are short thousands of dollars! You requested to have the TurboTax account fees paid from the federal tax refund. I am sure you have lost a number of customers for this. I have used that payment option before without any issues. TurboTax has partnered with SBTPG, commonly known as TPG for collecting tax refunds early. "PE2" and nothing more? They can receive a refund through a check, direct deposit, or ACH transfer. New Member. what is this? IRS and it matches turbo tax refund info. I got a deposit in my account for $1800.40. If not, I've provided a link below. 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. Edit: Apparently you can get more information on where your missing money is from the TPG website here: https://www.sbtpg.com, TurboTax sending refund from a "TPG Products", and refund is less than it should be for many, https://ttlc.intuit.com/community/after-you-file/discussion/my-refund-is-less-and-comes-from-tpg-products-sbtpg-llc/00/2487834. Did the information on this page answer your question? Comparing Open vs. Turbo tax has been a great product that I have used for over 20 years without any reservation for my personal and businesstaxes. If you want to remove anything else, such as your name, you can edit your question by clicking the 3-dot icon just to the right of your question title, then choosing Edit. If so, it comes separately in another deposit straight from the state tax agency. 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. Once your federal return has been accepted by the IRS, only the IRS has any control. Hand off your taxes, get expert help, or do it yourself. **Disclaimer: Every effort has been made to offer the most correct information possible. Is that all it said for a description? You said "bank checking account" above. Consumer Tax/Taxpayer. Waiting is frustratingrefunds are taking longer in many cases. what was this deposit for? 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. 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. 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. Were working hard to get through the backlog. The deposit was for $197.03. They payment was not a fourth stimulus check, but rather a refund for taxpayers who overpaid taxes on unemployment compensation in 2020, Your email address will not be published. And is your Federal refund on your Federal return Form 1040, Line 21a approx. Enclosed Car Shipping: Which Is Better? 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.) On my IRS2GO app it saying my refund isnt even scheduled to come til tomorrow. Tax products pe1 sbtpg LLC Here is what it means I got refund from ach credit tax products pr sbtpg llc today. You will NOT receive notice from the BFS Office prior to this happening and you will receive a letter AFTER the deadline for filing has past. 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. If it was from Tax Products Group, then that would be the Federal refund. 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. A file name of "tax return" PDF suggested that they could contain sensitive info, that you should not post in this public Internet forum. I would be FUMING. SBTPG does not receive state refunds, only Federal. The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. That is the descriptor for the intermediary bank that handles that process. That fee is $40 (or $45 for California filers.). If I had asked Turbotax to cut a check would there have been such a fee? 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. If they reduced it, it might have a message telling you why. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. But people who did not receive the maximum amount of the Economic Stimulus Payment, and whose circumstances have changed, may be eligible now. 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). 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. It's not clear yet. You can also check out this. what is this. Many refunds are taking longer during the pandemic. There is also an additional $40 service fee for that payment method ($45 for California filers.). Ironically, that would also equal a round number of $3900. We'll help you get started or pick up where you left off. I did check with the IRS. If so, was this deposit you received the Federal refund or the state refund? Ask questions and learn more about your taxes and finances. Fees? The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) No telling who might try to contact you and spam/scam you. If so, only the Federal refund goes through SBTPG. To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. Taxslayer is $99 now too, and they try to rope you into $75 MORE as you file if you want to pull from ADP or other places automatically. How do I get ahold with TurboTax about these fees? Or it may be due to something completely different, such as an offset or recalculation of some other credit, etc. You didn't comment on what you found there. I had a deposit in my account from tax products pe1/sbtpg llc. You might have to look that up so you dont get it twisted. But first check the IRS "Where's My Refund" tool at the link below. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. The amount at least raises the question. 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. If you filed on paper, check Wheres my refund? You have clicked a link to a site outside of the TurboTax Community. Once your federal return has been accepted by the IRS, You need your filing status, your Social Security number and the exact amount. The funds were sent to SBTPG and 481.76 of the total was deposited into my account. To check on regular tax refund status via automated phone, call, . Charging me over $100 for 1040EZ form. Check the IRS site to see how much the refund they issued to you was. Ask questions and learn more about your taxes and finances. Did you choose to pay your TurboTax fees out of your Federal refund, or did you pay upfront with credit/debit card? 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. It can take the IRS "Where's My Refund" tool a while to catch up. This option also has an additional charge from the bank that processes the transaction. 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 . I still have not received my federal refund. So I dont know why but Im guessing they took the money from us. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. It also shows their business hours. Yes, I do have $600 on line 30. I've already made my complaint against Santa Barbara Tax Products Group. A lot of people are reporting they are having trouble getting answers or being able to reach TurboTax at all. 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. They took out $109.00 from my account, and no refund yet?? Do not confuse tax products pe1 with tax products pe3. How did you pay your TurboTax fees? https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632, https://support.turbotax.intuit.com/contact. Or was your refund seized to pay a debt you owed? Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.). That payment method also has an additional $40 service fee ($45 for California filers) and possible sales tax. That was a lie!! 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. View solution in original post. The total refund was about 1600.00 . Not a big deal or amount, but it's the principle here. They deduct the money that you owe for TurboTax plus a fee to pay with refund. Have you talked to a SBTPG customer support agent by phone? This is mainly a user community forum, so no one here will know exactly what you received or didn't receive and why. Did the information on this page answer your question? This work does not require us to correspond with taxpayers but does require special handling by an IRS employee so, in these instances, it is taking the IRS more than 21 days to issue any related refund and in some cases this work could take 90 to 120 days. Your ONLY source of information about your refund now is the IRS. Near the end, regarding refund methods and payments, you should see the agreement that they will take their fee out of your refund directly. You can also log into your temporary account at SBTPG (Santa Barbara Tax Products Group) which initially received the Federal refund and took out the fees. . What do TAX PRODUCTS PE4 SBTPG LLC means? If Turbo tax used this 3rd party and they subtracted the fees from that refund, then why was my checking account charged and withdrawn the amount of the fees from turbo tax? Im having the same issue. 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. And if you save a PDF of the return with all the worksheets you will see this in the Bank Processing information. BETWEEN TURBOTAX AND THEIR THIRD PARTY SANTA BARBARA BANK THEY TOOK THE LITTLE BIT OF MY MONEY. Its on the home screen. A couple of users reported that at least for them, that was a backdoor route to the IRS. I am also missing a few thousand I only got $79 i think this is a joke right? This is a user community forum. InStep 3, to e-file your tax return, you must click on the large Orange button labeled "Transmit my returns now".
Installing Nickel Gap Tongue And Groove, Accident On 222 Berks County, Homes For Sale In Grand Turk, Is Jermain Defoe Married To Charlotte Mears?, Articles T