@CarissaMThanks for engaging with us. If approved, your loan will be for one of ten amounts: $250, $500, $750, $1,000, $1,500, $2,000, $2,500, $3,000, $3,500, or $4,000. TurboTax does not receive any updates from the IRS. There are two ways of checking the Pay-by-Refund status. Here are some other reasons you may have received this email: You can contact SBTPG toll-free at 1-877-908-7228 or go to their secure website if you need more information. First, check your e-file status to see if your return was accepted: https://turbotax.intuit.com/tax-tools/efile-status-lookup/ Once your federal return has been accepted by the IRS, only the IRS has any control. For example, for a loan of $2,000 with a repayment period of 30 days, the total amount payable in a single payment is $2,059.16 including principal and interest. 3 Based on cost for post-acknowledgment refund advance. My best guess is that ACH between TPG and Credit Karma is using the cheap slow method that can take 1 to 2 business days. Not even sure why I had to pay, but I see a lot of reviews about TPG and its not good. So you can handle more important things. Back . This isnt right. How long does it take to get my refund? When IRS or state tax funding has been received, TPG releases the funds starting at 2:30 PM Pacific time. I have been reading in this tax group that some people who didnt have credits had a ddd of 2/9/22 but have failed to receive their funds. Compare TurboTax products. The IRS is in control of your refund. Help. You'll decide how you want to receive your refund amount too. My return was approved and I still haven't heard anything, Same here. Checks are printed from TPG's web page. Fees and limitations apply. View refund status. If approved, your loan will be for one of ten amounts: $250, $500, $750, $1,000, $1,500, $2,000, $2,500, $3,000, $3,500, or $4,000. High loan approval rates means you enjoy more happy clients and more positive word of mouth. $39.95 incentive paid by 6/30/23 for taxpayers with Fast Cash Advance and IRS-funded Refund Transfer deposited to a GO2bank Visa Debit Card. Although you are pre approved based on what is on your return the bank doing the loans will also review your situation AND your credit report to determine if they will approve the advance nothing is certain until the return is filed that is in the contract you signed. You can check to see if the IRS has funded the refund directly on TPG's website. They are the ones who actually issue the advance. Let us handle collecting your tax prep fees. How to check my refund status with IRS; See all 9 articles Checks. Step 2: File the tax return The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. We will only be committed to make a Loan if and when we disburse Loan proceeds to you in the manner set forth below. IRS where my Refund shows ours was paid yesterday. All bs, they said I would get a 1k advance and once the IRS approved it. Clients are notified the moment they are approved, reducing phone calls from clients asking if they are approved. You would think with the fees we paid they could have used same day ACH. Ive never seen a deposit yet come after the deposit dates. All about the refund | Ask the Experts Live Ev Premier investment & rental property taxes. If your request for a Loan is approved and all conditions to funding are met, we will advise you of the final approved amount of your Refund Advance Loan. Your loan amount will be based on a portion of your anticipated federal refund to a maximum of 50% of that refund amount (minus any stimulus payment credit, also known as Recovery Rebate Credit). It's horrible other are dealing with issues but at least I know it's not just me . All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. No upfront fees If I am not recieving the advance that was agreed upon, then I don't believe they have the right to give the banks my tax information? Reddit and its partners use cookies and similar technologies to provide you with a better experience. TurboTax Live Basic Full Service. Did the information on this page answer your question? Not in my bank! Before you can begin e-filing returns containing a Pay-by-Refund bank product, you must have completed your enrollment with TPG. /r/IRS does not represent the IRS. You may have received an email from our partner Santa Barbara Tax Products Group (SBTPG) regarding a hold on your federal refund. If you still have questions and concerns, please contact customer support, they will be able to better assist you. to receive guidance from our tax experts and community. What happens if my direct deposit is returned? Have red circle but no funds deposited yet. You can also read the terms and conditions for the refund advance byclicking here. Ask questions and learn more about your taxes and finances. If this happens, you should contact the IRS directly by calling IRS Tele-Tax (800-829-4477) or the IRS Taxpayer Assistance Line (800-829-1040). Once the refund amount is issued to TPG, all associated tax preparation fees are withheld and paid, and the remaining refund amount is issued to the taxpayer. Check the status of your Refund Transfer Optional Step - Check with Treasury Offset Program Taxpayers can now log on to taxpayer.sbtpg.com to view the details of their refund disbursement processed by TPG. A Green Dot Company | NMLS ID# 914924 | Technology Privacy Statement, ERO Fee (advance isssued via cashier's check or direct deposit), Post-ACK Advance (avail. I am so glad to hear that someone received their refund without any issues. To run Pay-by-Refund reports in ProSeries Professional 2019 and prior: If your firm isn't part of a service bureau, this section will not apply to your company. The taxpayer portal is the best way to review detailed and updated information regarding the disbursement. The amount of the loan will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer from the refund. PATH Act - Creating refund delays; Have questions about a tax filing from last tax season or earlier? We reduced the cost to taxpayers in 2022 and costs are staying the same for 2023. Cookie Notice to receive guidance from our tax experts and community. Pay-by-Refund is only available on current year tax returns. We'll help you get started or pick up where you left off. To easily view rejection details for a bank application, we have provided details in the Pay-by-Refund HomeBase View. Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days. The tax return will include TPG's info so the IRS and/or the state will know where to send the tax refund. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Then directed to set up the turbo debit card account. In ProSeries, check print authorizations for your client's tax refunds are often received automatically when you submit new electronic returns. Called my bank and said it simply had not been received and it shows up immediately when it does. Federal/ State refund amount. this my first year with fees also but SBTPG got my refund yesterday, and is the day before the DDD which is 2/16, then and I got my refund literally 6:18 in the morning. If your client displays Awaiting Authorization and you expect a Ready to Print status (or similar), you should first make sure that the client's refund has been issued. Have checked repeatedly and nothing. We have not yet committed to make any Loan. Never again. Materials available while supplies last. Pay for tax preparation with your tax refund TPG takes all associated fees out of your tax refund, making it easy to pay for tax preparation. You can access the online check printing instructions. Consent to disclose your information for the refund advance loan and for a Turbo Visa Debit Card We're going to disclose the tax information described from your 2019 tax return to First Century Bank (the lender), BorrowWorks (the lender service provider) and Green Dot Bank (the issuer of the card) to process your Refund Advance loan, administer and communicate with you regarding the loan program, and to issue and manage a Turbo Visa Debit Card account for you. You'll decide how you want to receive your refund amount too. Where is it? Your loan amount will be based on a portion of your anticipated federal refund to a maximum of 50% of that refund amount (minus any stimulus payment credit, also known as Recovery Rebate Credit). *Important: The refund amount field is not the amount on the check. Details available include refund information and any fees that were withheld from the refund prior to the check issuance or refund processing. Free Edition tax filing. Tax professionals may issue checks from their office once IRS or state funding is received. + Checks up to $7,500 cashed for a cost up to $8. Not all consumers will qualify for a loan or for the maximum loan amount. Awesome! Fast Cash Advance is an optional tax-refund related loan provided by First Century Bank, N.A., member FDIC (it is not the actual tax refund) and is available at participating locations. Tax professional log in. Status of Application; Approval and Funding of Loan. to receive guidance from our tax experts and community. seems like they should have done a better job explaining the process as there are going to be a bunch of upset customers who feel they were lied to about the process. How long before they sent that email after you filed? Therefore, your review page is showing a Direct Deposit to them. If your request for a Loan is approved and all conditions to funding are met, we will advise you of the final approved amount of your Refund Advance Loan. And even if the IRS gave you that date, it's not tomorrow yet. This is some bull**bleep**. 2 Pre-ACK Fast Cash Advance available Jan. 2. 1 Fast Cash Advance is an optional tax-refund related loan provided by First Century Bank, N.A., member FDIC (it is not the actual tax refund) and is available at participating locations. The IRS did not start accepting returns until 1/24 so anything prior to that would not have had an initial approval should see some approvals within the next couple days. For more detailed information, please click here. If your expected refund amount is $4,507.00 enter 4507). The IRS issues most refunds within 21 days; however it's possible the tax return may require additional review and could take longer. https://ttlc.intuit.com/community/refunds/help/important-offer-details-and-disclosures-about-refund- Not all consumers will qualify for a loan or for the maximum loan amount. The amount of the loan and applicable interest will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer from the refund. TPGs Fast Cash Advances program for refund advance loans eligible up to $500 and $1,000. This is not a good look for those of us who have trusted and relied on Turbo tax over the years. Offer and terms subject to change at any time without prior notice. This fee can be waived through a $39.95 rebate at the end of tax season when the loan is disbursed and IRS-funded on a prepaid Green Dot card. Our mission is to provide taxpayers with best-in-class products and to help tax professionals grow their business while at all times holding ourselves accountable to the highest standards. A. **Say "Thanks" by clicking the thumb icon in a post. See more here. It is the amount of expected refund due to the taxpayer as acknowledged by the IRS (Form 1040,line 35a). Status of Application; Approval and Funding of Loan. If you want to run a report for multiple clients, hold down the, While on the Service Bureau Options screen press and hold down the. Tax returns may be filed electronically without applying for this loan. It reminds me of that $600 stimulus they sent to SBTPG and TurboTax had to apologize and let us know the problem was corrected. Free Military tax filing discount. Check your refund status at SBTPG.com once you show as accepted their Im pretty sure you will receive a final approval or denial from TT once your return status is updated with SBTPG. Must be enrolled in the standard Refund Transfer program to qualify for standard pricing; all discount programs offered through TPG are subject to other pricing. Once you have confirmed that your refund has been released by the IRS and you have selected a Refund Transfer from Santa Barbara TPG you may check the status of your Refund Transfer by visiting our website. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. It shows on the IRS. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card. Ask questions and learn more about your taxes and finances. There is no funds received by me or at the bank. If you get through let me know what they say. If you signed up for Pay With My Refund, your refund will be handled through the Santa Barbara Tax Products Group (SBTPG, formerly SBBT). It may be a good idea for their administrators to do some PR right now. You must select the refund advance option, efile the return, and then the final decision will be emailed to you. I hope its better by mid-FebruarySmh. I havent heard anything. There's no ERO fee* when clients receive an IRS acknowledged advance on a GO2bank Visa Debit Card. Deluxe to maximize tax deductions. Offer clients a larger refund advance at tax time. How does the client view disbursement details for their TPG check or refund transfer? Process 40+ RTs and get a free premium marketing kit.5. What happens after a Fast Cash Advance is approved? Find a tax pro in your area and see the tax-related products they offer. 3 Check with your tax professional or software provider for availability. Santa Barbara Tax Products Group is used to process your refund when you elect to have your tax preparation fees deducted from your refund. Archived post. Step 1: Choose to pay-by-refund Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. Determine who you would like to run the report on. @lavetap @imlost2022 If TPG is handling the refund due to having your fees deducted from your refund, you would need to contact them to determine the date your refund will be sent for a direct deposit. TurboTax Live tax expert products. 1st day of IRS acceptance). My DDD is 2/24 and still unfunded. I'm blowing this up all over and not recommending them to anyone. 1 Check with the IRS To view your refund status Go to IRS website 2 Check with TPG To view your refund transfer details Login to TPG Need help? We will only be committed to make a Loan if and when we disburse Loan proceeds to you in the manner set forth below. The bank told me if it went into the wrong account and posted I can't do anything about it but my info is correct I'm worried I am SOL on my refund . Hand off your taxes, get expert help, or do it yourself. If we or our partners detect unusual activity in relation to your account or filing, we'll notify you to make sure that you recognize the activity. Major banks and prepaid card holders are all in the same boat. TurboTax does not receive any updates from the IRS. You can also read the terms and conditions for the refund advance by. To log in, the taxpayer will need to enter the primary taxpayer's SSN and the expected refund amount*, and select their filing status. Went to SBTPG website and still showing unfunded as of 3/02/2022. 6 - Fast Cash Advance. Called the bank and she tells me I wasnt qualified? I just don't understand what is going on. A Green Dot Company NMLS ID# 914924 | Technology Privacy Statement, Tax preparation fees are paid from the refund so there's nothing to pay up-front. Questions about prior year tax filings? This includes a technology fee of $19.95. Fast Cash Advance. If you signed up to offer a Refund advance loan the taxpayer can apply a refund advance loan for 2022 individual returns.
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