I i came into large amount of money from investmrnt if I paid IRS OFF THE TOP, Could i give money to family etc without (cont)?

If you "pay the IRS off the top" then your tax obligation would be fulfilled, and the money that remains AFTER paying the IRS is yours to do anything you want. So yes, you could give it to family.

If you give large amounts of money, you need to be aware of the gift tax. The person receiving the gift never owes taxes on the gift. The person giving the gift (you) would need to file a gift tax return if you give more than $14,000 to one person in one year. In most cases you won't owe any gift tax, but the gift would count against your estate tax exemption amount.

the point is when you give family members gifts(or anyone else for that matter) in excess of the annual limitation, that money remains in your estate and even tho you pay taxes currently on the big investment, your estate may have over $5 mil in it when you die and the amounts you gave away could still be taxed on the estate--not charitable donations and that means organizations, not people

Yes

You can give gifts of up to 14K tax free to any individual in a year.

Only if you gave it in amounts of less than $14,000 to each of those folks this year

How are you getting this money? IRS may be due nothing; we can't tell.

Short answer....maybe, depends on the amount we are talking about.

Claiming it paying taxes etc.