Let's first discuss "what is cash gifting"?

Cash Gifting is simply the act of privately or publicly giving another person or entity a declared sum of cash, strictly as a gift and giving it freely without coercion or consideration.

You do not offer anything to anyone, you are simply giving someone a cash gift.

Gifting has been proven as an effective way for creating prosperity very quickly for many people who practice it.

Is it real?

Although, it is not for everyone, it is very Real for a lot of people! There are thousands that believe it was the best option for them to bring in large sums of money in a short amount of time with no selling.

It doesn't involve network marketing, multi level marketing, or a business or commercial activity. There is no business or company or "location" and there are no directors, officers, shareholders or principals.

Over the years, there have been many opinions and thoughts as to the legitimacy and morality of Cash Gifting as being a viable and honest means of generating cash, but at the heart of it, its basic core principle is often overlooked and convoluted with greed and the lust for money.

Fortunately, there are still some Good people who do, can, and will continue to get together and do great things for others freely and without worrying about getting anything in return.

That is exactly what Cash Gifting Is!!!

Now let's get to the legal part of the question...

Is Cash Gifting legal?

Well, according to IRS Publication 950 which is an introduction to Estate and Gift Taxes, makes Gifting legal.

The publication explains a general understanding of when these taxes apply and when they do not. It explains how much money or property you can give away during your lifetime or leave to your heirs at your death before any tax will be owed.

Now, I won't go into complete details of this publication, but it does state that the general rule is that any gift is a taxable gift, however, there are many exceptions to this rule...

For example, gifts (whether cash or property valued) that are not more than the annual exclusion amount for the calendar year, which for 2011 and 2012 is $12,000 and is not a taxable gift.

That means, that you can generally give, or receive gifts valued at up to $13,000 per person, to or from any number of people, and none of the gifts will be taxable.

So in short, Cash Gifting is definitely legal!!

On that note, a recommended Cash Gifting System that has bought cash to my door almost everyday is The Magnetic Cash Gifting System. It was born as a revolution in the cash gifting arena and has taken out the negatives of other programs and incorporated all the positives to create a truly amazing cash gifting system.

This cash gifting system has managed to bring automation and duplication to the cash gifting arena over the course of 5 years while utilizing attraction marketing principals to help its members brand themselves from the beginning.

However, for someone that is brand new with this system, duplication and branding can occur at the same time from the very first day resulting in higher conversion and success ratios. Definitely, worth looking into.