What company is sbtpg LLC [Definitive Guide]

Last updated : Sept 11, 2022

Current : 1705

Why did I get a deposit from TPG Products Sbtpg LLC?

Santa Barbara Tax Products Group is used to process your refund when you elect to have your tax preparation fees deducted from your refund. Therefore, your review page is showing a Direct Deposit to them.

Why did my refund come from TPG?

Both women filed their taxes through Turbo Tax and thought they would get their tax refunds by check. Instead, their money was deposited in Santa Barbara Tax Product Group also known as TPG, which is the bank that processes refunds when you choose to have your tax preparation fees deducted.

Why do I have a deposit from TPG?

Once the IRS or State deposits a Taxpayer's refund, all associated fees are deducted from the refund amount and your tax preparation fees are direct deposited into your bank account on file with TPG. The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded).

What is the meaning of Sbtpg LLC?

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.

Is TPG my federal refund?

TPG (or SBTPG) is Santa Barbara Tax Products Group, which is an intermediary company that initially receives one's Federal refund if one chose to pay any TurboTax fees out of a Federal refund.

What bank does IRS use for tax refunds?

Timing depends on when the IRS or State releases the refund to Republic Bank. The IRS typically processes e-filed tax returns in less than 21 days unless it needs further review. See irs.gov for the latest timing estimates.

How long does TPG hold your refund?

TPG does not hold your money. 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.

What is TPG Products Sbtpg LLC TurboTax?

It's a B2B company, and most of its financial products are for tax-preparation franchises, independent tax professionals, and online tax preparation service providers. The company is located in San Diego, California. Although founded in 1991, the company became a Green Dot Company in 2014.

Why did I only get part of my tax refund 2022?

Why is my refund different than the amount on the tax return I filed? All or part of your refund may have been used (offset) to pay off past-due federal tax, state income tax, state unemployment compensation debts, child support, spousal support, or other federal nontax debts, such as student loans.

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).

Does SBTPG hold funds?

"TPG does not hold your money. 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.

Why is my tax refund pending in my bank account?

If you paid any fees out of your Federal refund, the funds go first from the IRS to a temporary account at an intermediary bank where the fees are subtracted.

Does TurboTax take money from your refund?

We offer the option to deduct your TurboTax fees from your federal (not state) refund. This option is called Pay With My Refund (also known as Refund Processing Service). To qualify for this payment option: Your federal refund must be sufficient to cover your TurboTax fees.

What is tax products pr2 Sbtpg LLC deposit?

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.)

Where is my IRS refund California?

You can check on refund status by phone: 1-800-338-0505 or +1 (916) 845-6500 (outside the U.S.) Weekdays, 7 a.m. to 5 p.m. You can check on refund status by chat. Sign into MyFTB to chat weekdays, 7 a.m. to 5 p.m. The refund normally takes up to two weeks to receive if you e-filed and up to four weeks for paper return.

What day of the week does the IRS deposit refunds 2022?

They now issue refunds every business day, Monday through Friday (except holidays). Due to changes in the IRS auditing system, they no longer release a full schedule as they did in previous years.

How long does it take to receive a check from TPG?

The average days it takes is 23. So don't give them more money and file the form they ask you to file to reissue the check.

What happens if my bank returned my tax refund?

You may call us toll-free at 800-829-1040, M - F, 7 a.m. - 7 p.m. Generally, if the financial institution recovers the funds and returns them to the IRS, the IRS will send a paper refund check to your last known address on file with the IRS.

What is TPG taxpayer?

TPG offers tax-related financial products through a network of tax preparation franchises, independent tax professionals and online tax preparation providers. TPG is located in San Diego, California.

How do I talk to someone at SBTPG?

Tax Pro Support (New to TPG) 877.901.5646.
Tax Pro Support (Existing client) 800.779.7228.
Taxpayer Support. 800.901.6663.

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Comment by Krysten Cuadra

all right for this video i wanted to cover uh a common comment i'm receiving about tax refunds this year and it's a a question regarding i think i got my tax refund from this company here tpg products sbtpg llc is that my refund who are they what role do they have with this whole thing and so i'm going to try to clarify you know what's going on here and you're also probably noticing that the amount of refund you thought you were going to get is being reduced by some amount okay so if you do see a deposit on your bank statement from this entity that is very likely your tax refund so here's what's going on generally if you file your refund claim on form 1040 electronically you input your own bank deposit information so your bank name account number routing number uh when you get your refund it just goes directly to you okay so that's normally what happens and you'll see a line item on your bank statement from the us treasury so that's pretty straightforward however if you ask turbotax to process your refund and take their fee out of your refund then you go down this this route at the top line item right so if you've asked turbotax to process your return and take their fees out of the refund they send it to a third party intermediary which is responsible for taking the cash deducting the fees and then giving you the difference okay so let's look at an example here so we have john he files his 1040 electronically and he rather than pay upfront or pay in advance or at checkout using a credit card or debit card he just says yeah take the fees out of my refund i'm happy to do that turbo tax agrees so john expects to get three thousand dollars back uh turbo taxes fee is going to be 59.99 and that's going to come out of his federal tax refund so two weeks later john sees the deposit totaling 2 900 dollars in one cent so what happened here well what happened here is the refund was obviously reduced by the um fee that he agreed to pay turbo tax but then there was also a processing fee that came out from the bank now these amounts are likely going to differ from what you have the point is there's as soon as you involve additional parties here they're likely going to charge you a fee so when you see what the amount of refund you thought you were going to get and what you actually received you have to do a little bit of mathematical gymnastics here and look at the records to try to figure out why it was your refund was reduced and it's likely related to these fees so now let's look at example two here where it's vastly different and this has unfortunately happened a lot to a lot of taxpayers this year so john files is 1040. he expects the same refund at three grand the same fee 59.99 now when john gets his wreath on deposit from this tpg products llc he only gets one thousand five hundred dollars and one cent so he went from three three grand down to fifteen hundred what happened well what happened here was john's refund was not only reduced by the turbo tax fee and the bank processing fee but the irs found an error with his tax return so the irs found that on his tax return he tried to claim the 50 of the 1400 uh third stimulus check eip3 he tried to claim that again on his tax return which artificially inflated his refund and so what they did was they disallowed it and the irs kept that money so john's three thousand dollar refund was first reduced by fourteen hundred dollars okay the irs kept that 1400 they didn't give it to him because in their records they've already paid him that third stimulus check so now his refund's been automatically adjusted down to 1600 the 1600 went to tpg and then they took their processing fee they took turbo taxes fee out on behalf of turbo tax and then they gave john the difference so that's why he's only got fifteen hundred dollars in one cent rather than the twenty nine hundred dollars in one cent or or even the three thousand so if you're using turbo tax and you have elected to use this program where you're having them take the money out of your check you're gonna see a refund deposit coming through this platform not the us treasury and if the amounts differ it could be for one of various reasons right the turbo tax fees the bank processing fees irs just flat out adjusts your tax refund because they disagree with what you report on your return so a lot of different pieces here unfortunately you do have to do a bit of digging and try to figure out what happened but the irs when they make adjustments they are supposed to mail you a letter explaining the changes so you might not get it immediately but eventually you will get it and um you know whatever changes they've outlined there obviously review it make sure they're accurate because the irs does make mistakes they make a lot of mistakes so you want to make sure that whatever changes they are making on your return are legitimate all right so that covers it for this video i hope that was helpful if you have any questions uh feel free to leave me a comment below happy to answer and i can and i look forward to seeing you again on the next video thank you

Thanks for your comment Krysten Cuadra, have a nice day.
- Blake Neymeyer, Staff Member

Comment by Bukovad

hey guys welcome to my youtube channel it could be that you already received a deposit from so called tpg products as bdbglc if you're wondering what sbdbg is it's actually a company that possesses tax returns and helps people to receive tax refunds it actually might be that you didn't file your tax returns through sbtpg.com website but you still got direct deposit from this company it's okay because turbotax actually is the partner of sbtpglc and that's why people actually receive tax refunds earlier so there is no complicated method of receiving tax refunds advancement just use turbotax as usual and you'll be receiving money much earlier anyways i hope that this information will help some of you and that he also received the tax refund recently thank you so much for your attention and goodbye

Thanks Bukovad your participation is very much appreciated
- Blake Neymeyer

About the author

Blake Neymeyer

I've studied analysis at Mercy College of Health Sciences in Des Moines and I am an expert in legal education. I usually feel listless. My previous job was disabled students teacher I held this position for 25 years, I love talking about cleaning and genealogy. Huge fan of Kaley Cuoco I practice athletics and collect casino chips.

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