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[quote=Anonymous]The receiver of the gift is not paying any gift tax. The giver of the "gifts" will likely need to file a Form 709. It's really a gift of 380k, not a bunch of 19k gifts. Whether or not they end up needing to pay tax as a result of these transfers is not something the person who receives the "gifts" needs to worry about. The gift-giver won't need to worry much about that either if they aren't ever going to be transferring more than 13.99M via gifts or at death. I'm guessing given this incredibly generous "gift" (it's one ... not multiple ... c'mon) here for this, that they will, though. I'm going to question whether or not this is "gifts" or compensation, though. I would think that in this scenario the giver isn't having to file form 709 because they didn't gift anything ... they paid someone. Seems like a lot of money for SAT prep, to me (and I taught SAT prep). Whole thing is fishy as hell. [/quote]
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