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.

What is deposit tax refund?

Direct Deposit is a free service for electronically transferring your tax refund from the Internal Revenue Service into your financial account. More than eight out of ten taxpayers use Direct Deposit to get their tax refunds. Direct Deposit is easy, safe and secure.

What is an offset bypass refund?

Taxpayers experiencing financial hardship may also request an Offset Bypass Refund, or OBR, while their Offer in Compromise is being considered by the IRS. An offset “bypass” occurs when an overpayment that would otherwise be applied to a prior tax liability is instead refunded to a taxpayer.

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.

Why do I have a deposit from SBTPG?

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.

How do I check my refund with SBTPG?

To login to the TPG website to view information about the status of your Refund Transfer visit You will be asked to provide 3 pieces of information to login to your account. Place the expected refund amount acknowledged by the IRS in your tax return in the refund amount box (ex.

Why did I get an unexpected tax refund?

If the IRS notices, a tax refund will be sent out with any differences that you overpaid. Unexpected refunds may also come if you forgot to include that you already paid. This is common among independent contractors and people who are self employed.

Why did I just get a deposit from the IRS?

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.

Can Offset be reversed?

The IRS may reverse the offset and issue the OBR, as the incomplete Form 3753 submitted before the offset occurred was a clerical error that prevented the processing of the OBR request. (1) A case advocate receives documentation of the taxpayer’s economic hardship on May 1.

Can I get my tax refund back after an offset?

It can take up to 6-8 weeks to get a tax refund reversed after it’s been offset for student loan debt. However, a tax refund offset reversal can take up to six months for a jointly filed return.