Cash Gifting: Is It Legal?

By Brad Smith, www.ToGiveAndToReceive.com

What is Cash Gifting and is it legal?

It’s a concept of giving and receiving by private groups of people and has been in existence for hundreds of years. Churches, civic groups and people from around the world have participated in organized gifting for over 300 years. This activity does not involve network marketing, multi-level marketing, commercial business transactions, investments and/or securities. The concept of private gifting is based upon the fact that American citizens as well as some other countries, have the Constitutional right to gift property, cash and other assets to whom ever they wish.. The U.S. gifting rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511. The code 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 the 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. In other words, you do not have to include these cash gifts on your tax return.

Is this like a pyramid scheme?

No, a pyramid is associated with an investment scheme, a company or a business. We are not a company, just a private gifting club. We have no sales quotas, we do not sell positions and we do not have an ever-widening base. A pyramid never allows anyone coming in on the bottom to ever reach the top. In a pyramid, only those at the top profit while those at the bottom never reach the top and many people have lost their money. In gifting, everyone works together giving and receiving the same gifts.

How does Cash Gifting work?

It is offered only by means of a one-on-one invitation to anyone over the age of 18. When someone accepts the invitation, they go to the giving stage and then to the receiving stage. In this activity, there is no fixed hierarchy of individuals who have an advantageous position or unfair advantage over new participants. We are all equal and have the same advantages. With our proven strategies, training and support, it really makes no difference whatsoever if you're an absolute novice or a seasoned marketer. Our amazing program is by far the easiest and fastest way to generate an endless stream of cash to your door.

Do I have to sell anything?

No, there is zero selling or pressure. You simply share this opportunity with others. Gifting has changed people’s financial lives for the better. Those who were about to lose cars and homes have been saved, college education's have been made possible, and finally retiring from that old “9 to 5” job has been realized, all from participating. Now is the best time ever to take control of your financial future. Everyone is tightening their belt. The stock market is in the dump, costs are going up and people are losing their jobs . If you just need a little extra money or looking for a full time activity that generates an incredible amount of cash, then look no further.

Brad Smith has been creating wealth through cash gifting for many years. On his web-site, www.ToGiveAndToReceive.com, you can find valuable information about the best gifting program available. You can contact Brad through his web-site to learn more