We show several distinct signatures in the magnetoresponse of type-II Weyl semimetals. The energy tilt tends to squeeze the Landau levels (LLs), and, for a type-II Weyl node, there always exists a critical angle between the B field and the tilt, at which the LL spectrum collapses, regardless of the field strength. Before the collapse, signatures also appear in the magneto-optical spectrum, including the invariable presence of intraband peaks, the absence of absorption tails, and the special anisotropic field dependence.