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.) Then SBTPG’s bank sends the rest of the Federal refund to your bank account.
How much does it cost to pay taxes with sbtpg?
- That payment method also has an additional $40 service fee ($45 for California filers) and possible sales tax. That description you posted looks like a deposit from the intermediary company (SBTPG) that first receives your funds from the IRS, then subtracts the TurboTax fees, then sends the rest to your bank account (or card.)
What does tax products PE4 Sbtpg LLC mean?
What do TAX PRODUCTS PE4 SBTPG LLC means? 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. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank.
What is tax products PE3 Sbtpg LLC deposit?
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.
Why did I get a deposit from tax products?
what was this deposit for? If you chose to have your TurboTax fees deducted from your federal refund, that is handled by the third party bank. The bank receives your refund, takes out the fees and sends the rest of the refund to you.
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 ACH credit tax?
ACH credit is an electronic payment method that you may use to pay tax liabilities. Using this payment method requires you to directly instruct your financial institution to transfer funds from your bank account to the Department’s bank account. ACH credit is not the preferred payment option for most taxpayers.
Where is my tax refund?
Whether you owe taxes or you’re expecting a refund, you can find out your tax return’s status by: Using the IRS Where’s My Refund tool. Viewing your IRS account information. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.)
What is ACH credit tax products PE?
An ACH credit refers to an electronic financial deposit from one bank to another. Examples include the direct deposits for any government benefits, tax refunds or earnings you receive and for certain tax payments you might make.
What is the recovery rebate credit?
The Recovery Rebate Credit is a special one-time benefit that most people received last year in the form of an Economic Stimulus Payment. But people who did not receive the maximum amount of the Economic Stimulus Payment, and whose circumstances have changed, may be eligible now.
What is a IRS 310 tax ref?
A refund from a filed tax return, including an amended tax return or an IRS tax adjustment to your tax account – this will show as being from the IRS (“IRS TREAS 310”) and carry the code “TAX REF.”
How long does it take for SBTPG to release funds?
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.
Will we get a third stimulus check?
The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. We continue to send Economic Impact Payments weekly in 2021 as 2020 tax returns are processed.
Why did the IRS just deposited money in my account?
IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. They payment was not a fourth stimulus check, but rather a refund for taxpayers who overpaid taxes on unemployment compensation in 2020