@Anonymous_ wrote:
@macuser_22 wrote:
Spouses can transfer money in any amounts between them at any time without any reporting requirements whatsoever - it is not considered a gift..
If @todd833 gives the $15,000 to his wife with the understanding that she will give the $15,000 to his son, with the intent being to avoid a filing requirement, then it comes within the purview of the step transaction doctrine, regardless.
My understanding is money exchanged between spouses is not a "gift" at all but simply a transfer for funds from one spouse to the other and each spouse can do what ever they want with the money.
Do you have a reference for your opinion?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
