Souschef
Thinks s/he gets paid by the post
Anything over 15K person to person requires a form 709, but no tax due. However, if you are a married couple giving to a married couple, you can actually give them 60 K a year without filing.Ah, thanks. I never understood that properly. I had always thought that over (currently) $15K in a year to an individual was taxed that year. Thanks for clearing that up for me.
As an example Husband gives 15K each to son and DIL, Wife gives 15K each to son and DIL. Total=60K