1745897
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why was my refund sent with turbotax fees taken out? “TAX PRODUCTS PE1 SBTPG LLC” was the deposit description.

After about 8 months of waiting, the irs sent a referral for my refund to be released and then I got a deposit with an extra $15 added to my expected refund amount.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Why was my refund sent with turbotax fees taken out? “TAX PRODUCTS PE1 SBTPG LLC” was the deposit description.

The IRS added interest to your refund because you waited so long.  That has no relation at all the TurboTax fees you still have to pay for having your TurboTax fees removed from your federal refund.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Why was my refund sent with turbotax fees taken out? “TAX PRODUCTS PE1 SBTPG LLC” was the deposit description.

If you used the refund processing service then you must have already paid the TT fees since there was such a long delay ... now the refund goes from the IRS  to the processing bank where only their fee  is withheld and the balance is sent to either your bank or the debit card.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question