The acronym SBTPG can be hard to decipher, but it doesn’t have to be. Tax Products Pe1 SBTPG LLC stands for “Santa Barbara Tax Products Group” This is a common business term that many people may not know unless they work in the field of accounting or law.
A company must pay tax on its earnings; but what happens if you purchase an item from a wholesale distributor? Sales and Business Taxes Payable by Purchaser tells us who pays the taxes: the person who purchased the product, not the wholesaler.
We can help you determine if it is coming from the IRS or a refund deposit if you have the tax products pe1 reflecting on your bank account.
So the next time you see tax products pe1 in your report, it’s a good bet that some form of outside service was used to file for and collect refund. These companies offer software or person-to-person assistance with filling out returns which results in fees taken from taxpayers’ refunds as part of their agreement when using them (Turbo Tax being one popular option).
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Make sure to review the end of your return
I don’t want you to get taken advantage of! Make sure they are taking their fee out directly from refund and not just adding it onto whatever amount is being returned, so if there is anything left over after that then contact them immediately about this problem with how fees were handled by customer support or via check in order for things can be corrected as soon as possible because scammers are sneaky like that sometimes but at least once we got straightaway response when calling our bank on these issues