2010-2023 Santa Barbara Tax Products Group, all rights reserved. I am sorry you were not aware of the terms and conditions. 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. We'll help you get started or pick up where you left off. Loans are offered in amounts from $500-$7,000 and are offered both pre-IRS acknowledgment of the tax return and post-IRS acknowledgment of the tax return. Shipped straight to your door. 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. What is Fast Cash Advance? IRS Wheres my fund tool says my Direct Deposit was sent to my bank on 2/16/2022 and I do not see anything funded on my account. Questions about prior year tax filings? So you can handle more important things. At first I had all green circle with a very small red piece, that said $7 was taken out. Its all a big scheme probably for credit karma to get more people to sign up for a checking account with them. 2 GO2bank cards are issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. The Pay-by-Refund Reject Details screen will explain what needs to be done before resubmitting the bank application. Here are some other reasons you may have received this email: An incorrectly entered bank account number in your direct deposit information Learn more. Shipped straight to your door. Money can be deposited into a checking or savings account. Select the QuickZoom button for the Santa Barbara Tax Products Group Processing Worksheet. Cookie Notice I did not recieve that email because I was approved for a specified amount. The Primary taxpayer's Social Security Number (SSN) Place the expected refund amount acknowledged by the IRS in your tax return in the refund amount box (ex. 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. The email you received should have included the reason why you were not approved. Starting in tax year 2019, TPG will be collecting an additional Document Processing Fee. Once the return is completed, e-file the return. Ive never experienced this with TT before. Privacy Policy. Tax professional log in. Self-employed taxes. to receive guidance from our tax experts and community. You can contact SBTPG toll-free at 1-877-908-7228 or go to their secure website if you need more information. By clicking "Continue", you will leave the Community and be taken to that site instead. The IRS or state tax agency needs to first release the funds to the bank before the taxpayer will receive their refund. Fees for other optional products or product features may apply and will be disclosed at the time of application. View refund status. Taxpayers looking for a safe and easy alternative to a paper check can receive their refund on a GO2bank Visa Debit Card.2. Have you now received your funds? If your federal income tax refund (Tax Refund) is paid by the IRS before the Loan is funded, your Loan will not be approved and the Loan will not be funded. Not in my bank! Pick the Disbursement Method that your taxpayer is asking for. This fee will be taken out of the taxpayer's refund along with the bank fee. **Say "Thanks" by clicking the thumb icon in a post. What happens after a Fast Cash Advance is approved? WHAT? It's either deliberately misleading customers, or signing on false terms..? 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. to receive guidance from our tax experts and community. You can also read the terms and conditions for the refund advance byclicking here. 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 . Thr bank keeps saying they have nothing but TurboTax last night told me the IRS will be sending my federal like they did my state ? All online tax preparation software. I used Turbo tax and the credit karma card and I dont want this issue. It's horrible other are dealing with issues but at least I know it's not just me . How long before they sent that email after you filed? 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. Tax professionals may issue checks from their office once IRS or state funding is received. 4 GO2bank cards are issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. 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. They shouldve kept the TurboTax card b/c that is crazy. Then directed to set up the turbo debit card account. You have clicked a link to a site outside of the TurboTax Community. 2 Pre-ACK Fast Cash Advance available Jan. 2. We reduced the cost to taxpayers in 2022 and costs are staying the same for 2023. Filing status. I just wanted to know if there is a problem sending funds? I was told as soon as they receive the return status they will make their decision. Approved - Find the $ amount of loans issued and the number of taxpayers that have received a loan Back . This is some bull**bleep**. I'm blowing this up all over and not recommending them to anyone. I believe what they are referring to when they state most get their refund advance in 1hour after IRS accepts is when SBTG receives acceptance from the IRS. Offer clients a larger refund advance at tax time. Seems a bit deceiving. The refund must be direct deposited with your Pay-By-Refund provider before a Ready to Print status is made available to ProSeries. Go to, Confirm the taxpayer's refund has been direct deposited using the IRS, If you have not yet printed checks from TPG's web portal before go to the. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Cost is $4 or less for checks up to $1,000 and $8 or less for checks up to $7,500. Do not enter commas or decimal points. 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. **Say "Thanks" by clicking the thumb icon in a post, Why did I not recieved my advance loan when I signed the consent to disclose my information for the refund advance loan, The initial approval is just a pre-qualification. If you signed up to offer a Refund advance loan the taxpayer can apply a refund advance loan for 2022 individual returns. 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. Access a library of free videos and digital ads you can use for social media, your website, email, and more. Have checked repeatedly and nothing. 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. All bs, they said I would get a 1k advance and once the IRS approved it. More details can be found in your TPG user manual. Wow thanks for the info I called the irs they gave me the banks number I called the bank and they gave me sbtpg number but I can't reach anyone to save my life so hopefully we get some act right by next week. Based on your representations made during the application process and in this Agreement, we agree as follows. 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. If you signed up for Pay With My Refund, your refund will be handled through the Santa Barbara Tax Products Group (SBTPG, formerly SBBT). I signed the disclosure agreement allowing turbo tax to share my tax information to green dot bank to process my advance. Same crap happened to me! We'll help you get started or pick up where you left off. TurboTax does not receive any updates from the IRS. How much does Fast Cash Advance cost? Status of Application; Approval and Funding of Loan. In ProSeries, check print authorizations for your client's tax refunds are often received automatically when you submit new electronic returns. See how Fast Cash Advance has helped other tax pros. If your expected refund amount is $4,507.00 enter 4507). All about the refund | Ask the Experts Live Ev Premier investment & rental property taxes. Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa Debit Card. 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. Fast Cash Advance. You can contact TPG by clicking here. And no money? 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. It reminds me of that $600 stimulus they sent to SBTPG and TurboTax had to apologize and let us know the problem was corrected. We'll help you get started or pick up where you left off. Hand off your taxes, get expert help, or do it yourself. Free Military tax filing discount. Hand off your taxes, get expert help, or do it yourself. The taxpayer portal is the best way to review detailed and updated information regarding the disbursement. 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. TPGs Fast Cash Advances program for refund advance loans eligible up to $500 and $1,000. This includes a technology fee of $19.95. Hand off your taxes, get expert help, or do it yourself. Never again. The Pay-by-Refund application must be signed by the taxpayer before e-filing the return. **, My tpg still says unfunded But my deposit date is tomorrow. You can go to the Santa Barbara Tax Products Group website if you need assistance with your refund. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. You must select the refund advance option, efile the return, and then the final decision will be emailed to you. No, that is a lie they will NOT be able to assist 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? Not all consumers will qualify for a loan or for the maximum loan amount. Learn more about where checks can be cashed. So bogus I need some answers, they were advancing that's why i went with them. Thank you for sharing that information. . RT Funding Rate - See what percent of your Refund Transfers have received IRS and/or state funding . About us . We have not yet committed to make any Loan. Please call 1-888-679-8122 for further assistance. It updated this morning to a bigger red piece with the TT fees and everything taken out but it does not say that it has received my funds. When you call SBTPG bank keeping calling. If your fees were taken out per SBTPG, you will have to follow up with your bank. GO2bank Visa Debit Card. Why isnt TurboTax checking to see why they are holding folks refund? Tax professionals may issue checks from their office once IRS or state funding is received. The IRS is in control of your refund. However, like so many others my bank has no record of this transaction. If enrolled through a service bureau, please check with bureau associate for details on incentive payment. Once the refund amount is issued to TPG, all associated tax preparation fees are withheld and paid, and the remaining funds are issued to the taxpayer. Tax preparation fees are paid from the refund so there's nothing to pay up-front1, Secure, fast payment with convenient refund disbursement options, Tax refund is available the same day the IRS issues the automated payment. 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. 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. /r/IRS does not represent the IRS. If your federal income tax refund (Tax Refund) is paid by the IRS before the Loan is funded, your Loan will not be approved and the Loan will not be funded. Find a tax pro in your area and see the tax-related products they offer. Once the tax return is prepared and a refund is expected, a Refund Transfer can be used to pay for tax preparation. Did the information on this page answer your question? You need your filing status, your Social Security number and the exact amount (line 35a of your 2021 Form 1040) of your federal refund to track your Federal refund: https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund, https://ttlc.intuit.com/questions/1901548-why-do-some-refunds-take-longer-than-others. The IRS is in control of your refund. You can also read the terms and conditions for the refund advance by clicking here. 3 Check with your tax professional or software provider for availability. Where to cash a TPG-issued check; Account This is not a good look for those of us who have trusted and relied on Turbo tax over the years. Have red circle but no funds deposited yet. You'll decide how you want to receive your refund amount too. We have not yet committed to make any Loan. See all 11 articles. When IRS or state tax funding has been received, TPG releases the funds starting at 2:30 PM Pacific time. Details available include refund information and any fees that were withheld from the refund prior to the check issuance or refund processing. Taxpayer info . GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. I don't know if I have a date yet because I can't check my transcripts and PATH was just lifted but I was just concerned by all the comments that I had been reading. You will not receive a final decision of whether you are approved for the loan until after you file your taxes. Whether using a tax professional or doing it yourself, select the pay-by-refund option before your tax return is filed. You acknowledge that receiving this Refund Advance Loan has no impact or effect upon the timing of receiving your tax refund. 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. View help center. - Community. We will only be committed to make a Loan if and when we disburse Loan proceeds to you in the manner set forth below. $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. **Disclaimer: Every effort has been made to offer the most correct information possible. Starting in tax year 2020 both ProSeries Professional and ProSeries Basic users will need to use TPG's web portal to print taxpayer checks. Pay-by-Refund isn't a loan against the refund. The amount of the Loan for which you qualify will depend, in part, on the amount of your estimated income tax refund. The initial approval is just a pre-qualification. Only if you are part of a service bureau should you proceed: Ask questions, get answers, and join our large community of Intuit Accountants users. 1st day of IRS acceptance). TurboTax is committed to protecting your personal information. It shows on the IRS. Federal/ State refund amount. Funds are disbursed immediately upon IRS or state funding, reaching your bank account in 1-2 business days. The agreement letter that I signed with Turbo Tax was consent for them to process my approved advance loan and send the banks my tax information for processing. By clicking "Continue", you will leave the Community and be taken to that site instead. . I am starting to wonder if they mailed our checks to our banks. This my first year with fees. This is the loan agreement everyone signed for the advanced refund. Transcript and WMR say 3/3 deposit. There are two ways of checking the Pay-by-Refund status. They are the ones who actually issue the advance. Trouble logging in? What is the TurboTax phone number? Status of Application; Approval and Funding of Loan. Called the bank and she tells me I wasnt qualified? How to check my refund status with IRS; See all 9 articles Checks. and our I just don't understand what is going on. First, check your e-file status to see if your return was accepted: https://turbotax.intuit.com/tax-tools/efile-status-lookup/. 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.