A deposit from Tax Products PE1 is most often a Federal refund for those people who chose the option to pay their TurboTax fees out of their Federal refund. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) ... Then SBTPG's bank sends the rest of the Federal refund to your bank account.2021-02-27
What is tax products PE2 on bank statement?
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.)2019-06-03
What is tax products PE1 deposit?
A deposit from Tax Products PE1 is most often a Federal refund for those people who chose the option to pay their TurboTax fees out of their Federal refund. ... The description for the deposit often says something like Tax Products PE1 or something similar. A state refund comes directly from the state tax agency.2021-02-27
What is tax products on my bank account?
Tax related bank products can be offered to your clients to assist them in paying for their tax preparation fees. ... The tax preparation fees that you charge will automatically be deducted from the taxpayer's income tax refund and deposited into the checking or savings account of your choice.
What is tax Product PE2?
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.)2019-06-03