nofan
Returning Member

Business & farm

M-MTAX, Thank you for the response and information. I do agree that adding prior gifting from previous years complicates issues on the form however  I don’t feel so easy rolling the dice with not reporting it as potentially depending on who is doing the reviewing or automation checking prior returns could flag it for further review and the rest of my return. Prior administration was ramping up It’s IRS scrutiny the current one may be doing the reverse, but I’d rather do it right from the get-go and minimize the odds of having to deal with it again. Thanks again for forwarding the information. I’ll look it over tonight and I’ll wait to hear what my nephew has to say on this matter.