Department of Taxation and Finance
Selected Internal Controls Over Taxpayer Estimated Tax Accounts New York State taxpayers who do not pay withholding tax and do not have enough tax withheld from their paychecks are required by law to make estimated tax payments during the tax year. We examined whether such payments were appropriately deposited into the State Treasury and properly credited to taxpayer accounts, as well as whether account adjustments were adequately controlled and penalties for underpaid estimated taxes were properly assessed. We found that improvements are needed in the controls over account adjustments, as adjustments are not always adequately documented and may not be subject to sufficient supervisory oversight.
For a complete copy of Report 99-S-10 click here.
For a copy of the associated follow-up report click here.