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. That’s handled by an intermediary company called SBTPG (aka Tax Products Group.)
Why did I get a deposit from TPG products SBTPG?
what was this deposit for? The refund is from Santa Barbara Tax Products Group. When you file your return and pay for TurboTax from your refund, then the refund money is sent to the the SBTPG. They deduct the money that you owe for TurboTax plus a fee to pay with refund.
What is tax product on bank statement?
SBTPG is the one who deposits your refund if you had any fees deducted from your return. Federal is deposited separate from your state return.
What does tax products pr4 SBTPG LLC mean?
You apparently chose the option to have your TurboTax fees paid from your federal refund. Tax Products PE4 SBTPG is the bank that processes your refund that it receives from the IRS to deduct your fees and then send it on to your bank.
What does SBTPG stand for?
You may have received an email from our partner Santa Barbara Tax Products Group (SBTPG) regarding a hold on your federal refund. TurboTax is committed to protecting your personal information.
What is PE1?
Acronym. Definition. PE1. Pancreatic Elastase-1. Copyright 1988-2018 AcronymFinder.com, All rights reserved.
Is taxpayer SBTPG legit?
To answer your first question, yes, Santa Barbara Tax Products Group (SBTPG) is a legitimate Financial Services Company which operates as a subsidiary of the Green Dot Corporation. TurboTax uses their services whenever customers opt to deduct their fee’s from their refund (RPS).
What time does SBTPG deposit?
When a deposit is received from the IRS, your money is processed as soon as it received and typically issued within 24 hours of receipt. If you selected direct deposit, it may take 1-2 business days to reach your bank account.
How long does it take to get a check from SBTPG?
Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days.
Will we get a third stimulus check?
The IRS will automatically send a third stimulus payment to people who filed a 2019 or 2020 federal income tax return. People who receive Social Security, Supplemental Security Income, Railroad Retirement benefits, or veterans benefits will receive a third payment automatically, too.
Which bank does TaxSlayer use?
Get your refund fast on a TaxSlayer Visa® Debit Card, issued by Green Dot Bank, Member FDIC. * This full-service, reloadable debit card features free ASAP Direct Deposit™, ATM access, no overdraft fees ever, and a mobile app to manage your money 24/7.
Does TaxSlayer use TPG?
Once Santa Barbara TPG has approved your ERO Enrollment Application, you will be able to set your bank in the software. To access the Bank Setup Menu, from the main menu of of TaxSlayer Pro Select: Configuration.
What is tax Product pr2?
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. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.)
What does Casttaxrfd mean?
The deposit stands for Franchise Tax Board California State Tax Refund. This would NOT include your Federal refund, which will come separately. 2. 1. 7 Replies.
What bank do the IRS use?
An Easy Advance (EA) is a loan secured by and paid back with your tax refund and is offered by Republic Bank & Trust Company, Member FDIC, to eligible taxpayers. Loan amount options are based on your expected Federal refund less authorized fees. If approved for an EA, a Finance Charge may apply.
What is a IRS 310 tax ref?
IRS TREAS 310 signals an ACH direct deposit refund or stimulus payment resulting from a filed tax return, amendment, or tax adjustment. According to CNET, 310 is a code that identifies the transaction as a refund from a filed tax return in the form of a direct deposit.
Who uses Santa Barbara Tax Products Group?
Santa Barbara Tax Products Group processes tax refund-related financial products on behalf of University National Bank, servicing U.S. taxpayers through partnering tax professionals including Jackson Hewitt Tax Service, and online tax preparation software providers including Turbo Tax.
How do I check my refund with SBTPG?
To login to the TPG website to view information about the status of your Refund Transfer visit Taxpayer.sbtpg.com. You will be asked to provide 3 pieces of information to login to your account. Place the expected refund amount acknowledged by the IRS in your tax return in the refund amount box (ex.
Does SBTPG deposit early?
SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. 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.
What does red circle mean on SBTPG?
I just spoke with a rep from sbbt tpg and she stated with the red circle it means they do have a pending deposit for my refund amount but it has not been released to them yet.. said it’s showing the 26th and that’s with a green dot card.
Does SBTPG release funds on weekends?
The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded).
How long does it take TPG to send refund?
The state refund(s) must be reviewed and approved and will be sent directly from the state(s) (no third-party is involved). “How does the Refund Transfer work? Usually 1 to 2 days before a refund is scheduled to arrive, the IRS sends a pre-notification of the refund amount to TPG.
What bank does TurboTax go through?
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 bank does FreeTaxUSA use?
FreeTaxUSA uses the Civista bank to process its refund client transfers. The tax preparation fees can be deducted from the federal refund. An intermediate bank receives the refund, deducts the fees, and sends the remainder into your bank account.
Is there a $1400 stimulus check coming?
The government has deployed most of the third round of stimulus checks in amounts of up to $1,400 per person. The 2021 tax season offers an opportunity to claim those payments if you never received a check for which you were eligible or if your circumstances have changed and you now qualify for the money.
Was there a 3rd stimulus check in 2021?
The third round of Economic Impact Payments was authorized by the American Rescue Plan Act of 2021 as an advance payment of the tax year 2021 Recovery Rebate Credit.
How much is the 3rd stimulus check?
The full amount of the third stimulus payment is $1,400 per person ($2,800 for married couples filing a joint tax return) and an additional $1,400 for each qualifying dependent.
What bank does serve card use?
The Serve card is a prepaid debit card backed by American Express. With the Serve prepaid account you may only spend up to the amount of money previously deposited, unless you have previously linked a backup account.
What prepaid card does TaxSlayer use?
The TaxSlayer Prepaid Visa Card, issued by Green Dot Bank , Member FDIC, is a full-service reloadable prepaid debit card account featuring free early Direct Deposit, free Bill Pay, a large network of fee-free ATMs and no overdraft fees or penalty fees of any kind.
How safe is TaxSlayer?
Is TaxSlayer legit? Yes, TaxSlayer is a legitimate company. It has helped millions of people accurately file their state and federal tax returns. TaxSlayer guarantees 100% accuracy, no out-of-pocket expenses and different payment options for different tax needs.
Who owns Taxslayer?
President/CEO, Taxslayer LLC.
What is TPG taxpayer?
TPG serves consumers nationwide with tax-related financial products and services that provide value, are fairly priced and satisfy consumer need. TPG offers tax-related financial products through a network of tax preparation franchises, independent tax professionals and online tax preparation providers.
What bank does H&R Block use to deduct fees?
As part of this service, your refund will be transmitted from the IRS and your bank through MetaBank®. The H&R Block Refund Transfer processing fee covers the costs to process your funds between the IRS, MetaBank®, and your bank. Learn more about Refund Transfer.
What is excess SDI VPDI is being reported on the return?
The amount by which line 1 on the worksheet is in excess of the current-year SDI/VPDI limit is the amount of excess SDI withholdings that may be claimed on the tax return. Note: SDI/VPDI withholdings may be entered in either Box 14 or 19.
How do I avoid franchise tax in California?
To avoid back-to-back California Franchise Tax payments, you can hold off on forming your business until January or include a “future file date” on your articles of organization or incorporation when you file.
Can the Franchise Tax Board take my stimulus check?
The stimulus payment is not taxable for California state income tax purposes. The stimulus payment will not be subject to offset for debts owed to Franchise Tax Board or other government agencies.
How do I make sure the IRS has my bank account number?
Look on your copy of your tax return. If you filed it electronically, contact your tax preparer to get a copy of it. If you saved a copy of it on your computer’s hard drive, find it there. Look at the tax refund direct deposit information to see whether you entered the correct bank account number and routing number.
Does Republic Bank have my stimulus check?
Although most of these payments are expected to go directly to taxpayers (including taxpayers that chose a bank product), we have so far received notification that payments are being sent to Republic Bank for approximately 6% of our bank product customers.
How did the IRS get my bank information?
Most of it comes from three sources: Your filed tax returns. Information statements about you (Forms W-2, Form 1099, etc) under your Social Security Number. Data from third parties, like the Social Security Administration.
What is a tax product refund?
A bank product, or refund transfer, is a solution that tax preparers can offer to their clients. Bank products allow your clients to deduct your tax preparation fees directly from their refund.
What is ACH credit TPG products SBTPG LLC?
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. This option also has an additional charge from the bank that processes the transaction.