The bank didnt charge you extra, the feds sent less. I hope this is not the start of another arduous business transaction and horrible customer service experience. We will discuss the common reasons why refunds are less than the expected amount. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. Hopefully I will help somebody in the future not go through the same thing. Who is the father of modern social anthropology? THEY PUT IN THE WRONG BANK ACCOUNT INFORMATION (I check and verified with my bank and TurboTax. Any suggestions on a course of action if the IRS says that my refund should've been for the original amount? When they do not read the terms & conditions carefully or do not understand the right way of doing things, it can lead to frustration. Understanding About Form 8915E-T: What is It and When Will It be Available on Turbotax? DO NOT USE THIS COMPANY! When IRS adjusts her W4, she will be entitled to a lower refund than she actually thinks. You dont realize all the fraud. What is the TPG PRODUCTS SBTPG LLC bank deposit?. I need to know the cost of herballife products? The complaint has been investigated and resolved to the customers satisfaction. . 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. Any follow up to this? The total refund you were entitled to be adjusted to cover any debts you owe to other federal agencies. TPG offers tax-related financial products through a network of tax preparation franchises, independent tax professionals and online tax preparation providers. The direct deposit came from "tax products pe1 sbtpg llc." They are false advertising. It does not contain enough information. If it`s a deposit, it could be your tax refund. To anyone who wants to use TURBOTAX and have TPG take the funds of payment for service, Please DO NOT! They have been serving the consumers with tax-related financial products and services. Whereas Green Dot Bank is headquartered in Prov, Utah. This year I filed my taxes with TurboTax/Intuit like I always do, and elected to have the fees taken from my refund, like I always do. However, you worked for two different companies last year. Reddit's home for tax geeks and taxpayers! Ask for FREE. We also use third-party cookies that help us analyze and understand how you use this website. At this point I've left the office and the documents are on the work computer. TurboTax is committed to protecting your personal information. The most obvious reason can be that you ignored the processing fee of TPG. SBTPG exists to simplify tax preparation fees. Send form. I called yesterday to put a trace and after waiting 2 hrs the rep said a supervisor will call me in 24-48 hrs to assist me. It was around the same amount as the second company, with a salary of $14,800. The TaxSlayer.com online support Aug 21, 2022 A TPG Products deposit is an ACH credit transaction from an intermediary firm SBTPG LLC. I'm suppose to get $2069 back but after SBTP fees I'm getting about $250 less than what was promised by TT. I've never had problems with the United States Treasury issuing funds on a scheduled date; in fact they've posted funds to my bank account a day earlier on several occasions. 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 IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. If you continue to use this site we will assume that you are happy with it. i checked with irs and they said they sen; Pr2 sbtpg llc ppd They gentleman I spoke with acknowledged that he did receive my fax and said that my funds were released on April 22, 2014. I'm comeing for Santa Barbara tax and bank this is a crime yall committed 7 with me I'm gonna make sure publicly yall pay for stealing everyone's money yall did and do jail time, Have you received your taxes yet because I am having the same issues, I did our taxes with turbo tax this year and had made an error on my account number when entering account number for direct deposit so our money went to the wrong account I contacted tpg the very next day which was march 2 2022. so I asked her about this and she stated the software.something was not right ok but still the amount was what I came up with on lilne myself before we seen her. Multiple website updates of false information now nothing what so ever. What is tax products pr1 SBTPG >LLC deposit. The first stimulus payments are expected to reach taxpayers bank accounts starting march 17 and the irs expects to deliver. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. At the same time, the tax software collaborates with other service providers for their corporate services. TPG offers tax-related financial products through a network of tax preparation franchises, independent tax professionals and online tax preparation providers. What's the deal with TPG Products SBTPG deposits. (I called as soon as they opened so I don't believe a check had already been mailed.) SBTPG exists to simplify tax preparation fees. The tax software provides simplified and quick tax return filing without needing to understand all the complicated terms of IRS, Federal, and State taxes. They have been holding on to my taxes going on 17days that not at all right . DO NOT USE TURBOTAX OR SBTPG!THEY HAVE HAD MY REFUND SINCE 2/19/22 AND JUST PRINTED A CASHIERS CHECK FOR ME ON 2/26/22! Hi there boys and girls ME again. (8 Points You Should Assess), 10 Best Business Consultancy and Advisory Services In Cambodia, 10 Best Financial Consulting Firms In Cambodia, How to Account for Uncollectible Accounts? February 8, 2020 11:46 AM. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Miami Balett Budapest http://www.miamibalett.hu/felnott-balett-oktatas/Csatlakozz az letkortl s testalkattl fggetlen felntt balett oktatshoz Budapesten. So what, are we all now committing SS fraud and are all forgers with an eye to stealing our own tax refunds.. Unacceptable customer service. Create an account to follow your favorite communities and start taking part in conversations. 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. Don't post questions related to that here, please. If you are having issues its because risk dept. 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. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.). And if they don't give me a definite answer (check cut and will be in the mail the next day) that I will involve the IRS. I have tried to find answer to this problem on your site with no luck. When theres no obvious reason or letter received from IRS specifying why your refund amount is less than expected, you must check for the following reasons: You didnt check the processing fee for a refund, which is around $45. ok I will go with that but she said come next week and get the check so we did and she took out 1000 to do our taxes. Did You Get a Deposit From TPG Products? That's handled by an intermediary company called SBTPG (aka Tax Products Group.) It stands for Santa Barbara Tax Products Group or formally known as TPG. Pay by refund option provides the taxpayers with an option that they can easily pay for tax preparation fees when the IRS issues a refund of their tax. SBTPG receives your funds from the IRS at one of their two banks, subtracts the fees, then sends the rest on to your bank. I received my tax refund through something called PE1. This cookie is set by GDPR Cookie Consent plugin. So if you have the tax products pe1 reflecting on your bank account, you can get in here to find out what it means. What is tax products pe2? We and our partners share information on your use of this website to help improve your experience. Go back and review your return. No problem. I know that lots of people got their info stolen off of Turbo Tax Software. It does not store any personal data. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The bank receives your refund, takes out the fees and sends the rest of the refund to you. Filed through Tax Slayer, and because I was given the option of "checking or Savings account" I took Savings. So I finally get on the phone today and risk going over my lunch hour (total call length 49 minutes counting hold times) IRS shows my return processed to bank (obviously without fee deducted). To view the fees that are deducted from your return please follow the instructions below. This cookie is set by GDPR Cookie Consent plugin. Pay for tax preparation with your refund. Identity theft yet SBTPG wants me to go and file and do all the work when they should check into it . what was this deposit for? SigmaTaxPro.com uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. Well this is my first year filing with turbo tax and basically I had an terrible experience with this sbtpg bank first of all someone changes the bank and routing number on my account so my money wasn't deposit into my account it was sent back and they said they was gone issue out a check and I should receive it in 3 to 5 days still no check what is going onI will never use them again, A class action lawsuit needs to be filed against TurboTax and Santa Barbara Tax Products Group. Krasnaya Gora, Krasnogorsky, Bryansk, Russia. Therefore, your review page is showing a Direct Deposit to them. Fond of real science, real food, sunshine, innate immune system and natural health. The company provides different products and services and support for the taxpayers and tax services providers. TPG Products SBTPG LLC refers to Santa Barbara Tax Products Group which offers B2B pay-by-refund services for tax preparation providers. when all we needed was a change of address done he did that to and the IRS finally tells us we didn't have to do it because we had already sent his info they said they had already posted his refund on his card but when we called them they said they didn't have it again to call IRS again so we did and the women at the IRS said she would trace it down for us and she did and it went back to them which is First Federal mirage bank of California but name is California bank or Santa Barbra tax group .

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