Avoiding estate tax by giving multiple giftsWhat are the US gift tax rules for gifts from non-US persons?US Income Tax and GiftsWhen does giving a gift “count” for tax year?Gifts under the annual gift tax exemption FROM minor children?Gift tax with family member gifting real estateAvoiding tax complexities of REITsGiving kids annual tax free gift of $28,000Do political campaign contributions count as gifts for tax purposes?Can yearly tax free gifts to a person in the U.S. be sent in multiple checks?Gift tax on gifts from multiple, unrelated individuals

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Avoiding estate tax by giving multiple gifts

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Avoiding estate tax by giving multiple gifts


What are the US gift tax rules for gifts from non-US persons?US Income Tax and GiftsWhen does giving a gift “count” for tax year?Gifts under the annual gift tax exemption FROM minor children?Gift tax with family member gifting real estateAvoiding tax complexities of REITsGiving kids annual tax free gift of $28,000Do political campaign contributions count as gifts for tax purposes?Can yearly tax free gifts to a person in the U.S. be sent in multiple checks?Gift tax on gifts from multiple, unrelated individuals













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From my understanding in the US, a father can give an individual gift of $15,000 to a child (or anyone) without any tax liabilities and without impacting the lifetime allowance. If the father wants to give more money, can he make a gift to a third party he trusts (e.g., his brother/uncle of his son) who then makes a gift to the child, or is that tax fraud?






united-states gift-tax estate-planning







share|improve this question


























    3















    From my understanding in the US, a father can give an individual gift of $15,000 to a child (or anyone) without any tax liabilities and without impacting the lifetime allowance. If the father wants to give more money, can he make a gift to a third party he trusts (e.g., his brother/uncle of his son) who then makes a gift to the child, or is that tax fraud?






    united-states gift-tax estate-planning







    share|improve this question
























      3












      3








      3








      From my understanding in the US, a father can give an individual gift of $15,000 to a child (or anyone) without any tax liabilities and without impacting the lifetime allowance. If the father wants to give more money, can he make a gift to a third party he trusts (e.g., his brother/uncle of his son) who then makes a gift to the child, or is that tax fraud?






      united-states gift-tax estate-planning







      share|improve this question














      From my understanding in the US, a father can give an individual gift of $15,000 to a child (or anyone) without any tax liabilities and without impacting the lifetime allowance. If the father wants to give more money, can he make a gift to a third party he trusts (e.g., his brother/uncle of his son) who then makes a gift to the child, or is that tax fraud?






      united-states gift-tax estate-planning




      united-states gift-tax estate-planning






      share|improve this question













      share|improve this question











      share|improve this question




      share|improve this question










      asked 1 hour ago









      StrongBadStrongBad

      700516




      700516




















          1 Answer
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          active

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          7














          If you give a gift with stings attached, then it isn't a gift. Thus it would be viewed as trying to get around the tax law. The law regarding this is the Step Transaction Doctrine.



          But a spouse can also give a gift, and you can give a gift to your child's spouse. Thus a couple can give another couple 4x the limit each year.



          If the child is in school then the giver can pay tuition directly and not worry about the limit. They can't send it to the student, they have to send it to the school.



          Of course exceeding the limit in a year, does require paperwork, but the lifetime allowance is $11.4M as of 2019. Current tax law has this number adjust for inflation. If this is is something to worry about, consult a tax attorney to see how to do this legally.






          share|improve this answer




















          • 1





            Nice. The first sentence is key to so many gift questions...

            – TTT
            1 hour ago






          • 1





            There were a couple things I'd have posted, but 2 minor points don't make a full answer. If my edits are unwelcome, you can roll back. I won't take offense.

            – JoeTaxpayer♦
            43 mins ago






          • 1





            @JoeTaxpayer the step transaction stuff is perfect.

            – StrongBad
            19 mins ago









          protected by JoeTaxpayer♦ 9 mins ago



          Thank you for your interest in this question.
          Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site (the association bonus does not count).



          Would you like to answer one of these unanswered questions instead?














          1 Answer
          1






          active

          oldest

          votes








          1 Answer
          1






          active

          oldest

          votes









          active

          oldest

          votes






          active

          oldest

          votes









          7














          If you give a gift with stings attached, then it isn't a gift. Thus it would be viewed as trying to get around the tax law. The law regarding this is the Step Transaction Doctrine.



          But a spouse can also give a gift, and you can give a gift to your child's spouse. Thus a couple can give another couple 4x the limit each year.



          If the child is in school then the giver can pay tuition directly and not worry about the limit. They can't send it to the student, they have to send it to the school.



          Of course exceeding the limit in a year, does require paperwork, but the lifetime allowance is $11.4M as of 2019. Current tax law has this number adjust for inflation. If this is is something to worry about, consult a tax attorney to see how to do this legally.






          share|improve this answer




















          • 1





            Nice. The first sentence is key to so many gift questions...

            – TTT
            1 hour ago






          • 1





            There were a couple things I'd have posted, but 2 minor points don't make a full answer. If my edits are unwelcome, you can roll back. I won't take offense.

            – JoeTaxpayer♦
            43 mins ago






          • 1





            @JoeTaxpayer the step transaction stuff is perfect.

            – StrongBad
            19 mins ago















          7














          If you give a gift with stings attached, then it isn't a gift. Thus it would be viewed as trying to get around the tax law. The law regarding this is the Step Transaction Doctrine.



          But a spouse can also give a gift, and you can give a gift to your child's spouse. Thus a couple can give another couple 4x the limit each year.



          If the child is in school then the giver can pay tuition directly and not worry about the limit. They can't send it to the student, they have to send it to the school.



          Of course exceeding the limit in a year, does require paperwork, but the lifetime allowance is $11.4M as of 2019. Current tax law has this number adjust for inflation. If this is is something to worry about, consult a tax attorney to see how to do this legally.






          share|improve this answer




















          • 1





            Nice. The first sentence is key to so many gift questions...

            – TTT
            1 hour ago






          • 1





            There were a couple things I'd have posted, but 2 minor points don't make a full answer. If my edits are unwelcome, you can roll back. I won't take offense.

            – JoeTaxpayer♦
            43 mins ago






          • 1





            @JoeTaxpayer the step transaction stuff is perfect.

            – StrongBad
            19 mins ago













          7












          7








          7







          If you give a gift with stings attached, then it isn't a gift. Thus it would be viewed as trying to get around the tax law. The law regarding this is the Step Transaction Doctrine.



          But a spouse can also give a gift, and you can give a gift to your child's spouse. Thus a couple can give another couple 4x the limit each year.



          If the child is in school then the giver can pay tuition directly and not worry about the limit. They can't send it to the student, they have to send it to the school.



          Of course exceeding the limit in a year, does require paperwork, but the lifetime allowance is $11.4M as of 2019. Current tax law has this number adjust for inflation. If this is is something to worry about, consult a tax attorney to see how to do this legally.






          share|improve this answer















          If you give a gift with stings attached, then it isn't a gift. Thus it would be viewed as trying to get around the tax law. The law regarding this is the Step Transaction Doctrine.



          But a spouse can also give a gift, and you can give a gift to your child's spouse. Thus a couple can give another couple 4x the limit each year.



          If the child is in school then the giver can pay tuition directly and not worry about the limit. They can't send it to the student, they have to send it to the school.



          Of course exceeding the limit in a year, does require paperwork, but the lifetime allowance is $11.4M as of 2019. Current tax law has this number adjust for inflation. If this is is something to worry about, consult a tax attorney to see how to do this legally.







          share|improve this answer














          share|improve this answer



          share|improve this answer








          edited 44 mins ago









          JoeTaxpayer♦

          146k23236473




          146k23236473










          answered 1 hour ago









          mhoran_psprepmhoran_psprep

          69.3k896174




          69.3k896174







          • 1





            Nice. The first sentence is key to so many gift questions...

            – TTT
            1 hour ago






          • 1





            There were a couple things I'd have posted, but 2 minor points don't make a full answer. If my edits are unwelcome, you can roll back. I won't take offense.

            – JoeTaxpayer♦
            43 mins ago






          • 1





            @JoeTaxpayer the step transaction stuff is perfect.

            – StrongBad
            19 mins ago












          • 1





            Nice. The first sentence is key to so many gift questions...

            – TTT
            1 hour ago






          • 1





            There were a couple things I'd have posted, but 2 minor points don't make a full answer. If my edits are unwelcome, you can roll back. I won't take offense.

            – JoeTaxpayer♦
            43 mins ago






          • 1





            @JoeTaxpayer the step transaction stuff is perfect.

            – StrongBad
            19 mins ago







          1




          1





          Nice. The first sentence is key to so many gift questions...

          – TTT
          1 hour ago





          Nice. The first sentence is key to so many gift questions...

          – TTT
          1 hour ago




          1




          1





          There were a couple things I'd have posted, but 2 minor points don't make a full answer. If my edits are unwelcome, you can roll back. I won't take offense.

          – JoeTaxpayer♦
          43 mins ago





          There were a couple things I'd have posted, but 2 minor points don't make a full answer. If my edits are unwelcome, you can roll back. I won't take offense.

          – JoeTaxpayer♦
          43 mins ago




          1




          1





          @JoeTaxpayer the step transaction stuff is perfect.

          – StrongBad
          19 mins ago





          @JoeTaxpayer the step transaction stuff is perfect.

          – StrongBad
          19 mins ago





          protected by JoeTaxpayer♦ 9 mins ago



          Thank you for your interest in this question.
          Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site (the association bonus does not count).



          Would you like to answer one of these unanswered questions instead?



          -