Department of Taxation and Finance

Selected Internal Controls Over Taxpayer Estimated Tax Accounts (Follow-Up Review)

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. In our prior audit report 99-S-10 , we examined whether such payments were appropriately deposited into the State Treasury and properly credited to taxpayer accounts. We also examined whether account adjustments were adequately controlled and penalties for underpaid estimated taxes were properly assessed. We found that improvements were needed in the controls over account adjustments, and in our follow-up review, we found that our prior audit recommendations had been fully implemented.

For a complete copy of Report 2001-F-56 click here.