How can I transfer $50K into my sons bank account without being reported to the government to avoid gift tax?

Can I deposit cash in small increments (about $9,000 per month) into his account without raising a red flag?
How can I transfer $50K into my sons bank account without being reported to the government to avoid gift tax?
You can give up to $12,000 per beneficiary each year without incurring a gift tax or needing to report the gift on a tax return. Married couples can transfer a total of $24,000 per beneficiary. In addition, there is a lifetime $1 million exclusion for gifts and inheritances made above the limits, known as the Unified Estate and Gift Tax Credit. Such gifts typically reduce your taxable estate. If you gave in excess of the limits, you will need to file a gift tax return (IRS Form 709) with your income tax return.





There are, however, several exceptions:





With contributions to section 529 plans, there is an accelerated gift option that allows a donor to average gifts that exceed the limits over a five year period without incurring federal gift tax. This allows the donor to give up to $60,000 per beneficiary in a single year ($120,000 for a married couple through gift-splitting). The donor may not give additional gifts to the beneficiary during the five year period without incurring the gift tax. If the donor dies during the five year gift tax averaging period, a pro-rata portion of the gift will be included in the donor's gross estate based on the number of years remaining in the 5 year period (not including the year in which the donor died).





Payments for tuition or medical care (including health insurance) for other individuals, provided that the payments are made directly to the educational institution, hospital/doctor, or insurance company. Reimbursing someone else for these expenses doesn't count. (IRC Section 2503(e).)





Gifts to a trust for the benefit of an individual must satisfy certain requirements, such as being irrevocable, in order to qualify for the $12,000 exclusion from the gift tax.


The gift must be of a present interest in the property. A gift of a future interest in the property does not qualify for the gift tax exclusion.
Reply:Robert's answer was pretty thorough (and complicated, haha). Why do you need to transfer $50k to his account? I think an easier way would be to just pay for whatever he needs yourself, and then it wouldn't be a "gift," just expenses on your part, but I don't know what your situation is.
Reply:If he is a minor there are ways to do this without a problem. If not you will still probably get away with it.