K.P.
Why not, just have a simple gathering this year? As in, just appetizer foods, simple, easy, and small. No big dinner, or lunch etc.
Invite the in laws over for a short time on the holiday and visit, eat a little, let them see the kids and then be done, and the in laws can leave and do as they wish.
Invite your friends over later in the day or evening and do the big, fun, gathering then. Whatever it is you want. Have your friends bring over a dish, and plan some games or what not, and enjoy yourself with people who want to be there and enjoy your company too.
Dont make this hard, or complicated. Make it easy and do simple this year with them.