That's handled by an intermediary company called SBTPG (aka Tax Products Group.) Are you including the extra 39.99 Refund Processing Service charge (44.99 in California)? They are shady shady. Cookie Notice How much did you get the very next day for the Stimulus? 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. You mentioned the IRS. Glad to see Turbo Tax website finally posted a link to SBTPG for us to continue our scavenger hunt. Did you choose to pay your TurboTax fees out of your Federal refund, or did you pay upfront with credit/debit card? A state refund comes directly from the state tax agency. The truth is that it was a failure of leadership to choose such a poorlyvettedparty to do business with. That was where the issue lies. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Here's how to reach a live IRS agent, but they are so busy it may not be easy. Hand off your taxes, get expert help, or do it yourself. Those are all good things to check. They just gave you an estimated date. Then click onPrint, save or preview this year's return. to receive guidance from our tax experts and community. They took out $109.00 from my account, and no refund yet?? SBTPG sending me a refund that is almost $2,000 less than the refund I was supposed to be getting back? Or it may be due to something completely different, such as an offset or recalculation of some other credit, etc. The dates for receiving a federal tax refund are only estimates on the TurboTax website. 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 was suppose to be refunded $936. Tax products pe1 sbtpg LLC Here is what it means ACH credit is an electronic payment method that you may use to pay tax liabilities. There is also an additional $40 service fee for that payment method ($45 for California filers.). TAX PRODUCTS PE1 TYPE: SBTPG LLC DATA: BTSN CO: TAX PRODUCTS PE1 - Intuit The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank. why is there an extra $39.99 charged outside of whats already been listed? IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Iwont use them again!!! Tax Pro Website Login to your account at . That fee is $40 (or $45 for California filers.). By clicking "Continue", you will leave the Community and be taken to that site instead. Near the end, regarding refund methods and payments, you should see the agreement that they will take their fee out of your refund directly. Ask questions and learn more about your taxes and finances. Tax Products Pe1 Type: Sbtpg Llc Id: 3722260102 Co: Tax Products Pe1 The Recovery Rebate Credit is a special one-time benefit that most people received last year in the form of an Economic Stimulus Payment. Also I wasnt supposed to be charged fees, thats the whole point of me saying this. Even when they are closed, you may be able to get automated info, or you can log in as above. Also be sure you are using the Federal amount before any TurboTax fees are taken out (if you chose that option. SBTPG already deposited some of the money, so why are they holding the remainder up now? OUTRAGEOUS. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. 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? who are they? First choose your language. I received a deposit from tax products pe sbtpg llc but it was not the full amount i was to get. This is due to many factors, such as the pandemic, completing processing of millions of 2019 tax returns, stimulus payments, unemployment compensation exclusion tax refunds., changes in the tax code by Congress in the middle of the 2020 tax season and the like. It is not possible for TurboTax to speed up the IRS for you. 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 have a similar issue. This is a user community forum. They are one who handles your refund if you elect to pay your fees with your refund. Your tax refund was not sent to TurboTax. See the tips below. No one here is going to know anything specific about your situation, and you have not explained it any. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.). But based on a fee of $125 we can take a guess at what you might have used.
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