conversation: User (AtlasAirborne): "[RESOLVED]  Thanks so much, guys, I really appreciate the help.\n\n**Bonus question:  So what's to stop a person from dodging the system by gifting $14k to 100 people, and having those 100 people gift $14k to the person they actually want to get $1.4M?**\n\nI apologise for the one-sentence question, but Google is failing me.\n\nMy Dad has gifted some money to me this financial year, and would like to give me some more (wedding present), that would push me over the 14k threshold.\n\nI was thinking to have him send it to my wife instead, but her Mum covered wedding costs, and put the money to pay for those costs into my wife's account.\n\nNeither my Dad or I are US citizens.  My wife is.\n\nDoes the gift tax apply once a person has received 14k of gifts in one year, or once a person has received 14k of gifts from one person, to any further gifts from that person?"
  Self: "Even if you go over the threshold you just have to claim it against your ~$5 lifetime limit.\n\nBut you can give $14k per person without having to do any special accounting.  The gifter pays the tax.  Also, with your dad not being American he would not be subject to the US tax code."
  Frozenlazer (Frozenlazer): "You left out an important word. Lifetime limit is 5 million, not 5 dollars. "
  Self: "Whoops."
  