This article discusses what sbtpg Fast Forward Refunds is and how to indicate it on a return.
What is Fast Forward Refunds?
TPG states “Fast Forward by sbtpg is a new resource that helps independent tax professionals serve clients that need early access to their federal tax refund - all at no cost to the tax professional”.
Taxpayers who have a Refund Transfer with direct deposit chosen as their disbursement method could qualify to receive their funds up to 5 days early. In order to qualify the taxpayers bank must participate in real time updates. If the taxpayers bank does not participate, they will not be charged the $25.
While there is no credit check required, there are certain forms that cannot be entered on the return (1310, 4136, 4852, 4868, 1040X, 1040SS, or estimated tax payments).
In addition, the taxpayers minimum net refund must be between $1,500-and $10,000.
The software will create a fatal verify if the tax return does not qualify for the Fast Forward Refunds.
You can read more about Fast Forward Refunds on TPG’s website here: https://www.sbtpg.com/introducing-fast-forward-by-sbtpg/
How to apply for Fast Forward Refunds
To indicate the taxpayer would like Fast Forwards Refunds,
Navigate to the Bank Application.
Ensure Direct Deposit is chosen as the disbursement method.
Ensure your Direct Deposit information is entered.
Check the box to apply for Fast Forward Refunds.
This box will appear even if Cashier’s Check is marked as a reminder that the product is available when using Direct Deposit.