Can a single check for $560K be provided, with a single 709 form? Parents want to gift $60K+$500K to son and his wife. $ are within the annual and lifetime limits resp.

[bobweissman · Accepted solution]

Each parent must file Form 709. Mail both forms in the same envelope.

Instructions for this form are non-trivial. Please read them through.

https://www.irs.gov/instructions/i709 (HTML)

https://www.irs.gov/pub/irs-pdf/i709.pdf (PDF)