Is Cash Gifting Legal In The Us?
The question that everyone who is looking into this activity is asking me is: Is cash gifting legal?
It seems that a lot of people believe that if large amounts of cash are being exchanged then it must be a scam. Let's get this resolved once and for all!!! Cash gifting is 100% legal. Although the Tax Code in the US can be slightly confusing, it is very clear as it says in IRS Tax Code Title 29 and Publication 950 that cash gifts up to $12,000 per person per calendar year are allowed. And actually larger gifts are allowed as well, but they are treated under different guidelines with different tax consequences. Always have this in your mind: This is The United States of America and our Constitutional right is to give and receive freely.
The other concern that many prospect seem to have is about cash gifting being some type of pyramid scheme. I have one thing to say about that: Absolutely none of the larger cash gifting systems on the internet are pyramid schemes. There is no "Big Boss" at the top getting rich and practically any participant can generate just as many gifts as anyone that has joined the system previously.
It is true that you should not believe everything you see on the internet. The hype surrounding just about every program online whether it is cash gifting or a work from home opportunity is overwhelming and difficult to digest. The truth is that there are thousands of individuals that have joined cash gifting programs and have literally changed their lives. Some generate enough cash to take the vacation of their dreams. Others have quit their jobs all together.
Like anything else in life, the amount of effort you put in will determine how much you will get out of it. The main idea behind cash gifting is sharing with other people and cash gifting programs are filled with people just like you and me that have helped others and have been rewarded for it. Every individual in a cash gifting program has gifted to another person and almost always it has been a total stranger. These gifts are given freely with no expectations of a return or any goods or services. The fact is that the universe has a strange way of rewarding those that share with others.
I am sure that answers the question of the legality of cash gifting. Please visit my website if you would like more information on the Global Gifting System and how it can help you change your life for the better.
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