Is Santa Barbara Tax Products Group legit?
Is Santa Barbara Tax Product group a legitimate payer of Federal tax refunds representing Turbo Tax? Yes, if you chose to pay product fees through them. They are the intermediary company whose bank receives the funds from the IRS when one chooses to pay TurboTax product fees out of the Federal refund..
Is TPG products my tax 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.
How long does it take to get tax refund from Santa Barbara?
It usually within 21 days of acceptance if you e-file with direct deposit. This article will provide more information on the refund process and timeline.
How do I track my Santa Barbara refund?
Taxpayers can now log on to www.taxpayer.sbtpg.com to view the details of their refund disbursement processed by TPG. Details available include refund information and any fees that were withheld from the refund prior to the check issuance or refund processing.
Does TurboTax use Santa Barbara bank?
Your tax refund was not sent to TurboTax. TurboTax does not handle your refund at all. 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.
Does TurboTax go through Santa Barbara bank?
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.
How long does it take Santa Barbara bank to release funds?
Funds from all other check deposits will be available on the 9th business day after the day of Your deposit.
Does Santa Barbara bank deposit early?
Yes they usualy receive the funds a day or two early and then deduct the fees and send the rest to your bank.
Why is my TPG refund short?
If your refund is less than you expected by a large amount, then it is likely that the IRS has corrected your return for errors they have found on your return.
Does SBTPG deposit on weekends?
The funds normally arrive in your bank account the next business day (weekends, Federal Holidays excluded).
What does the 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..
What is an erroneous refund?
An erroneous refund is defined as “the receipt of any money from the Service to which the recipient is not entitled.” This definition includes all erroneous refunds regardless of taxpayer intent or whether the error that caused the erroneous refund was made by the IRS, the taxpayer, or a third party.
Is Santa Barbara Tax Product Group a legitimate payer of tax refunds?
June 7, 2019 4:29 PM Is Santa Barbara Tax Product group a legitimate payer of Federal tax refunds representing Turbo Tax? Yes, if you chose to pay product fees through them. They are the intermediary company whose bank receives the funds from the IRS when one chooses to pay TurboTax product fees out of the Federal refund..
What is a tax refund scam?
Tax refund scams are a type of financial fraud where criminals impersonate IRS agents or other government representatives and attempt to trick you into sending them personal information or giving them access to your tax refund. Tax scams are lucrative for scammers because few of us have experience dealing with the IRS.
Why are tax scams so lucrative?
Tax scams are lucrative for scammers because few of us have experience dealing with the IRS. And once they have your information, it opens the door to other frauds and even identity theft . Thieves can collect payment posing as the IRS or charge for fake services.
What are the most common ways people steal tax refunds?
Tax refund scams are quickly becoming one of the most common ways thieves steal your money and even your identity. Criminals prey on the stress of paying taxes or talking to the Internal Revenue Service (IRS) to steal sensitive information and file fraudulent tax returns.