Are you referring to the thread title: " ACH deposit Tax Products PE1 SBTPG LLC" etc. The WMR site will contain a message regarding your offset. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. 1. Reminder:Your refund should only be deposited directly into accounts that are in your own name, your spouses name or both if its a joint account. Check the IRS :https://www.irs.gov/Refunds, Check SBTPG: by logging into their website at: https://cisc.sbtpg.com/, Or you can get 24-hour automated info by phone at: https://cisc.sbtpg.com/contact.aspx, The Bank that processes your refund and our fee payment is the Santa Barbara Tax Product Group (SPTPG). This is why you're probably reading this. Here is how to choose. It will then ask for your Social Security number but do not provide it. As such, a company can generate ACH credit batches based on different parameters (i.e., by company, due date, or jurisdiction). I got a direct deposit from TAX PRODUCTS PE3 SBTPG LLC, but according to turbo tax, I havent received my tax return yet. At the center of 23 billion electronic financial transactions totaling over $40 trillion per year, the ACH Network is one of the largest, safest, and most reliable payment systems in the world. Some are essential to make our site work; others help us improve the user experience. Or does it also say "Tax Products" and/or SBTPG? It also allows a company to set up bank account information for each vendor just once and link future payments to that vendor automatically. IRS direct deposits of federal tax refunds will not indicate a contribution year for IRA accounts. In addition to the product fees and possible sales tax, there is a $40 service fee for that payment option ($45 for California filers). Why do I login and see a blank dashboard? 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. I just can't see paying that. If I am filing a joint return with my spouse, must our refund be deposited to a jointly-held account? My refund was meant to be $1343. So I received a deposit in my bank that says External Deposit TPG PRODUCTS ORIG GREEN DOT BANK - SBTPG LLC. I WILL NEVER USE TURBO TAX AGAIN. I spent my last 11 years at the I.R.S. (28)What Is Tax Products Pe3 Sbtpg Llc Deposit, (31)What do tax products pe4 sbtpg llc means? Book Vea, What Is Ach Credit Tpg Products Sbtpg Llc, credit tax products pe1 sbtpg llc Harlan Capps. What is a refund offset? There can be a number of reasons why your refund was less than the amount you expected. 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. Could you look into mine possibly? 1 Processing fees apply.. 2 GO2bank cards are issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa . The ID itself is the fee taken out from your refund as part of the agreement when you used these outside services. For additional information, please see this Help Articleor this TurboTax blog post. When will I get it? It was direct deposited may 11th 2022. Solved: What do TAX PRODUCTS PE4 SBTPG LLC means? Where to cash a TPG-issued check; Account. 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. What Online TurboTax product did you use--Free Edition with PLUS, Deluxe, Premier, Self-Employed? . HELP ME PLEASE. Does this IRS "Where's My Refund" tool say your funds have actually been sent?http://www.irs.gov/Refunds. If the products fees and service charge don't account for the difference you are seeing, then if it was the IRS that reduced your refund, they will send you a letter in about 3 weeks or so explaining why. Preference I guess? If so did you enter the correct routing & account number for an ACH transfer ? The IRS is asking taxpayers who receive unexpected tax refunds via direct deposit to contact the ACH department of the credit union where the direct deposit was received and have the credit union return the refund to the IRS. Don't ponder if it is coming from the IRS or from the refund deposit. The remainder of your federal tax refund is then directly deposited into the account you stated on your federal tax return by SBTPG. The remittance information (the '7' record - also called the addenda record or TXP record). I live in maryland and have received my federal tax refund but still have not received my state refund. When I call that bank they say they sent it over to Santa Barbara Bank and trust whatever that handles the software for TurboTax. An ACH credit refers to an electronic financial deposit from one . My federal refund was almost $1600 I got $79 of that deposited in my account. TurboTax does not receive any information after you file your tax return. Tax products are categorized by customer group, including Individual and Proprietor (Form 1040 series), Partnership (Form 1065 series), Corporation (Form 1120 series), Exempt Organizations (Form 990 series), Employers (Form 940 and Form 941 series), and other support and supplemental forms and instructions. 59 Comments. Direct payment via ACH is the use of funds to make a payment. This process can take up to 3 business days or more. I got a direct deposit from "TAX PRODUCTS PE3 SBTPG LLC", but according to turbo tax, I haven't received my tax return yet. 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. Click on column heading to sort the list. Info? In this post, I will share with you some of the things about k kk and the possible reason why people, Read More K kk Why people type k kk instead of okay or okContinue, Many have longed to be able to outline the differences between One Punch Mans webcomic and Manga. Santa Barbara Tax Products Group is used to process your refund when you elect to have your tax preparation fees deducted from your refund. 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. I'm not sure what you are referring to by "system said due to COVID-19, your fees are waived and will not charge any." You apparently asked for the TurboTax account payments to be deducted from the federal tax refund. The movement of money and information from one bank account to another in the United States is handled by the ACH Network, which is managed by the not-for-profit electronic payments associationNACHA. https://ttlc.intuit.com/questions/1901677. 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. You will have another menu when its tired, just select 2 for personal. Jump to. 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. Been part of TTLive, Full Service TTL, was part of Accuracy guaran BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Not sure what that could be. The differences between these two options are: A direct payment processed as an ACH credit pushes funds into a designated account. Are you expecting both Federal and state refunds? Since you are posting in a thread titled "Tax Products PE3 SBTPG", I presume you chose to pay your product fees out of your Federal refund and have now received a Federal refund from SBTPG (Tax Products Group.) Since you had your fees paid from your federal refund, you can contact the intermediary bank that handles the refund processing service for their status: For the status of your tax refund you will need to contact the third party processor, Santa Barbara Tax Product Group, using their website -