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Posted by Stuart Bronstein on August 18, 2007, 11:28 pm
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> 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.
The times the IRS has detected it, they collaped the
transactions and imposed the tax.
Stu
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