My sister and I wish to give a monetary give to a niece and nephew. May I give her the maximum amount of 15,000 and my sister also give the same person the maximum amount to the same person?
My understanding is that the recipient does not have to pay taxes, and the givers do not either so long as the amount is 15 K or less. I also understand that it is not necessary to file an IRS form on this kind of gift.
Am I correct
