Department of Taxation and Finance

Assessment Receivable Overpayments

If a taxpayer underpays State taxes, the Department of Taxation and Finance assesses the taxpayer for the unpaid amount. If the taxpayer overpays the assessment, the overpayment is refunded by the Department. We examined the Department's controls over overpaid assessments and the resulting refunds. We found that, generally, the overpayments and the refunds were adequately controlled. However, we determined that overpayments placed in a suspense account could be better controlled, overpayments could be applied more effectively against existing liabilities, and certain actions could be taken to reduce the interest paid on the refunds.

For a complete copy of Report 97-S-14 click here.
For a copy of the 90-day response click here.