After a coffee break discussion our curious minds want to know whether the gift tax is frequently avoided by people who want to transfer more than the tax-free limits by "laundering" it through gifts to several closely related family members who in turn make gifts to the intended recipient later that year. It would seem that practice would be difficult for the tax man to detect and prove. Jeff (Who wouldn't be asking this question on a newsgroup if he had any intention of trying to get away with it.)
-- Jeffry Wisnia (W1BSV + Brass Rat '57 EE) The speed of light is 1.8*10^12 furlongs per fortnight.
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