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 amount I was suppose to have gotten back is $970. what is this. Learn more about where checks can be cashed.3, Cashier's checks issued by TPG may be cashed at over 11,000 locations nationwide, + Checks up to $7,500 cashed for a cost up to $84, + Available at participating Walmart stores thru December 31, + Available at any Wells Fargo bank location thru December 31. We'll help you get started or pick up where you left off. When you scroll down and hit order details for the tax year, it then says total fees (taxes included) and lists an amount. If their clients have past dues, TPG would collect them from the clients on their behalf. Ask for FREE. for 33 years. **, **Say "Thanks" by clicking the thumb icon in a post. What is it exactly? Qualified tax professionals can get an advance up to $40,000 through an online application with TPG easily. This option also has an additional charge from the bank that processes the transaction. Are you including the extra 39.99 Refund Processing Service charge (44.99 in California)? I spent my last 11 years at the I.R.S. What is this from? The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online. The TurboTax site displays a "total refund" amount at the Tax Home which confuses some users. 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. Yes. Ok. That should have given me a refund of $1807. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. It mainly serves taxpayers through a wide range of tax services offered by its tax professional partners, individuals, and online tax preparers. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.) We use cookies to ensure that we give you the best experience on our website. I am an Enrolled Agent. Source: Unsplash, Santa Barbara TPG LinkedIn. Tax products pe2 sbtpg llc direct deposit. in Mand Enrolled Agent since 2008, Intuit Tax Expert since 2011. To view the fees that are deducted from your return please follow the instructions below. Or does it also say "Tax Products" and/or SBTPG? Step by Step Guidance with Example, What is the Price Discrimination? Starting January 2 each year, they can offer up to $ 6,000 of fast cash to their clients. The deposit was for $197.03. 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 also shows their business hours. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Federal and state are completely separate and refunds come at different times from different places. Tax professionals can charge their service charges separately as well. The user noted, I received a deposit from TPG Products. Are PE1 and PE2 Different types of Tax Products? 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. Click onTax Toolson the left side of the online program screen. What To Do When You Lost Your W2 Form? I am waiting for my Federal tax return but I saw this today. While that deposit most commonly would be the Federal refund (if you chose to pay fees out of the refund), but did you also expect a stimulus payment of $3,900 by any chance? in Mand MBA, Enrolled Agent. IRS shows my return processed to bank. My cash app say Pe4 but my turbo tax hasn't updated. This means one of two things happened. That's the fee TT charges to wihhold the fee from your refund. Been part of TTLive, Full Service TTL, was part of Accuracy guaran Enrolled Agent since 2008, Intuit Tax Expert since 2011. What does it say about your Federal refund? If you continue to use this site we will assume that you are happy with it. It also shows their business hours. Check with them to see if they can provide you with an answer. What doTAX PRODUCTS PE4 SBTPG LLCmeans? Thats handled by an intermediary company called SBTPG (aka Tax Products Group.) Also be sure you are considering only the Federal refund amount. If you had no fees there would be no reason to involve the 3rd party bank. Tax Products Pe1 Phone Number QATAX from qatax.blogspot.com. If you efiled you might have upgraded to a higher version and didn't notice the fees if they were selected to be deducted from your refund. Click this link for more info on why the IRS may have madeAdjustments to Recovery Rebate Credit. According to Santa Barbara Tax Products Group, it takes all associated fees out of your tax refund, making it easy to pay for tax preparation. The company also says that your tax refund is available the same day it's issued by the IRS, so there shouldnt be any delays. And remember that if the third party bank is involved you are having your TurboTax fees deducted from your refund and you get the rest. 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. Will I still get that? The same thing just happened to me. Maybe you already received it (minus product fees and service charge). Charging me over $100 for 1040EZ form. We'll help you get started or pick up where you left off. Here are a few frequently asked questions (FAQs) about SBTPG. I got much less than expected and will not be using you guys again if this is the case. You may have had a treasury offset, that is when the Treasury Department has seized a portion of your refund to pay a debt. What gives? 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. Federal is deposited separate from your state return. Then SBTPG's bank sends the rest of the Federal refund to your bank account. https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new
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