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ignore the IRS yes thatamp;#39;s my advice at least in this one Circumstance the one time that itamp;#39;s okay to ignore the IRS is when you are about to apply for Medicaid benefits for a nursing home resident the IRS says you can give away 17 000 per person per year and you donamp;#39;t even need to report it to them however the Medicaid will say for every ten thousand dollars you give away within five years of entering the nursing home you are ineligible for one month of nursing home care so letamp;#39;s do a little bit of math letamp;#39;s say you gave away ten thousand dollars immediately prior to entering the nursing home the IRS says itamp;#39;s okay donamp;#39;t even tell them about it however Medicaid is going to say you are now ineligible for one month of Nursing Home Care letamp;#39;s assume the nursing home costs fifteen thousand dollars per month that means that ten thousand dollar gift essentially costs you twenty five thousand dollars so in this circumstance it i