taxes
Tax details quiz

If you think you have mastered the material in this chapter, take our quiz. Fill in your answers and click "submit." Your scored answers will appear below.

  1. Good records can come in handy if you're audited. The IRS can take a much closer look at your return:

    Any time it discovers you filed a fraudulent return.
    For up to seven years after you file your 1040.
    In just the year immediately following your filing.


  2. If you have income that isn't subject to withholding, you should pay estimated taxes:

    Twice a year.
    Four times a year.
    As a separate payment when file your annual tax return.


  3. When you move, you need to let the IRS know your new address by:

    Sending the agency a post office-issued change-of-address card.
    Entering your new address on your next tax return.
    Filing Form 8822 as soon as you're settled in your new home.


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