What is Cash Gifting?

The Gifting of Cash

Cash gifting is the private or public act of giving to another, a declared sum of cash and giving it freely without coercion or consideration. Cash gifting is not a loan or a payment for goods or services and does not need to be repaid. It is called cash gifting because that's exactly what it is... the action of giving a gift of cash. Cash Gifting Programs promote the gifting of cash.

Is Cash Gifting Legal?

Yes, Cash gifting is a legal activity. This is the first question most people ask when they start to see the potential of cash gifting. Both American and Canadian citizens have the Constitutional right to gift property, cash and other assets. The U.S. gifting rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511.

The law states that one or more individuals can give a gift to another individual of up to $12,000 each per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the gift has already been paid. These gifts are not included in the gross income of the recipient. The official IRS.gov website goes into great detail regarding tax free cash gifts.

All of the programs that I looked at seem to comply with the rules of the IRS and many go through great lengths to clarify to their site visitors that cash gifting is completely legal and not a scam. Several programs approach the topic from a religious point of view and even quote the bible. The most compelling reason I find for believing that cash gifting is legal is that these programs are very active and have not been shut down by the IRS.

What cash gifting is not

Cash gifting is a legitimate money generating system that does not require a lot of work and has the potential of generating 5-10 thousands dollars or more on a monthly basis. The greatest thing about cash gifting is that you never have to buy any product or cold call whatsoever. Do not confuse cash gifting with a home-based business opportunity that requires you to sell products, telemarket or cold call, hold meetings, or build a group of distributors. In cash gifting, none of this is required. There are no sales quotas, you do not sell positions and the activity does not have an ever-widening base as a structure.

Isn’t this a pyramid?

No, this is not a pyramid scheme. A pyramid is associated with a company or a business. In a pyramid, only those at the top profit, while those at the bottom never reach the top. In a pyramid, people can and have lost their money. Cash gifting programs are not associated with companies they are private groups of adults, who work together in a team dynamic.

If you desire additional information about cash gifting, call me I will be happy to discuss the matter further and give you proof that cash gifting works. www.mygifttoyou247.com