. MBA, Enrolled Agent. IRS phone assistors do not have additional information beyond what's available on IRS.gov. That's handled by an intermediary company called SBTPG (aka Tax Products Group.) Fast forward ten business days later I go online and see that they accepted two more weeks of direct deposit from my former employer. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998. IF the Federal Government feels that you received any unemployment benefits either by accident or fraud, they will automatically deduct it from your federal return. TAX PRODUCTS PE1 TYPE: SBTPG LLC DATA: BTSN CO: TAX PRODUCTS PE1. Additionally, stimulus funds received during the pandemic were not taxable on tax returns filed in 2022. CO residents can claim up to $750 per qualifying person by filing a 2021 Return by October 17, 2022 - married couples could receive $1,500. Not sure what that could be. I am dealing with the same thing I just got my state refund but I havent gotten my federal refund yet but I did get a tax products PE1 sent to my account and I do remember paying 40dollars fee but I havent gotten my federal refund yet. Will we get a third stimulus check? 0000001232 00000 n 2 . Although the idea of receiving extra money to offset inflation in the form of stimulus relief checks may sound appealing, it would likely have unintended consequences of further fanning the flames of inflation. Call IRS customer service toll-free at 1-800-829-1040 M - F 7am - 7pm local time and speak with a representative. We can only deposit refunds electronically into accounts in your own name, your spouses name or in a joint account. ] The IRS issued three Economic Impact Payments during the coronavirus pandemic for people who were eligible: $1,200 in April 2020. we had our taxes done by our son-in-law with turbo tax. Leave your comments below. There is one bright side for Americans concerned about their financial future: In most states, any inflation relief checks you received are not taxable. processed by April 15, 2008. Been preparing taxes professionally for 10+ years. The IRS said that mistakes happened because of the speed at which it was required to send out the second round of stimulus payments. Received and Processed by April 15 . Here are answers to some common questions coming up related to Get My Payment and the second round of Economic Impact Payments. In addition to your product fees there is a $40 service fee for that payment option ($45 for California filers) plus possible sales tax. Terms and conditions are subject to change without notice. Through the American Rescue Plan Act of 2021 (also referred to as the COVID-19 relief act), eligible individuals will receive a third Economic Impact Payment (EIP). You'll get an explanatory letter from the Bureau of the Fiscal Service if your refund is offset. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. More information will be shared when available. Even gave a full business day yesterday and still no money today. As with all IRA deposits, the account owner is responsible for informing their IRA trustee of the year for which the deposit is intended and for ensuring their contributions do not exceed their annual contribution limitations. And they dont have an answer either. NEW! $1,400 in March 2021. The IRS anticipates many additional taxpayers will receive payments following this effort. Routing #:274972605 Phone #: 765.644.3623, IRS warning on new tax refund scam with direct deposit refunds, Frequently Asked Questions about Splitting Federal Income Tax Refunds. Check the IRSWhere's My Refundsitefor the latest word on your federal tax refund, and yourstate government's refund lookup service for your states status. Remember, Economic Impact Payments are an advance payment of what will be called the Recovery Rebate Credit on the 2020 Form 1040 or Form 1040-SR. . There's still time to claim a third stimulus payment worth up to $1,400 per person. To check on regular tax refund status via automated phone, call 800-829-1954. Your tax refund was not sent to TurboTax. When the pandemic first began, Americans received $1,200 in April 2020. https://ttlc.intuit.com/community/refunds/help/who-provides-pay-with-my-refund/00/26410. They threaten arrest, suspension of SSNs, and/or high penalties. As a capital one bank account holder im a little pissed. 26 Highest-Paying Jobs That Let You Work From Home, 9 Side Hustle Websites To Explore if You're Seeking Supplemental Income, The Benefits of Multiple Streams of Income: How To Diversify and Increase Your Earnings. You can no longer use the Get My Payment application to check your payment status. Accountant's Assistant: . IRS is not responsible for the timeliness or contribution amounts related to an IRA direct deposit. SBTPG does not receive state refunds, only Federal. So if you have the tax products pe1 reflecting on your bank account, you can get in here to find out what it means. I havent gotten my payment yet either. Mark Return Electronic. Enrolled Agent since 2008, Intuit Tax Expert since 2011. For more information about Economic Impact Payments and the 2020 Recovery Rebate Credit, visitIRS.gov/eip. You will NOT receive notice from the BFS Office prior to this happening and you will receive a letter AFTER the deadline for filing has past. They lied the first time called about this and the second time put us on hold for over 20 minutes when we called them. https://ttlc.intuit.com/questions/1894477-why-is-my-federal-refund-less-than-i-expected, https://cisc.sbtpg.com/index.aspx">https://cisc.sbtpg.com/index.aspx https: //cisc.sbtpg.com/index.aspx '' >:. 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