Did you take our tax-prep quiz last year? If so, you were probably a lot better prepared for tax time this year.
We've updated our test for 2018 — take it, and see how you do. The answers (and your grade) are at the end.
1. You made a $100,000 equipment purchase in October. What's the maximum amount of that cost you could deduct this year?
- A $100,000 equipment purchase? I wish.
2. Now that you've filed your employment taxes for 2017, you can safely discard your records from: