Anyone know anything about Cash Gifting?

I’ve seen a lot of ads about cash gifting. I would like to get some real input. Not all the hype in the ads. Does it work? Is it legal?

Does it Work? depends on the program you join, there’s hundreds of them out there, most want your cash and run of course.
but some can me legit. there’s people that make a full living with cash gifting with monthly earnings of up to $10,000 or more, a lot more.
just be careful with wich one you join. i am currently a member of one and i am very pleased with how its going for me but i have been scammed in the past many times so it just depends on wich one you decide to join.

Is it Legal? Yes! It has always been legal to give! Citizens of free countries around the world have a legal and Constitutional right to give property, cash, and other assets of value as established by law. In Gifting, individuals choose to give freely, and cannot lose money because a gift given unconditionally cannot be lost! You can’t lose what you give away.

Furthermore, the U.S. gifting law, found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511, states that one or more individuals can give a gift or gifts to another individual of up to $12,000 per calendar year without any tax liability being incurred by the recipient of the gift (see http://www.irs.gov/publications/p950/ar01.html). Since the taxes on the gift have already been paid and the gift is not given in exchange for a product or service, and it’s NOT an investment, these gifts are not required to be reported as gross income of the recipient (See 26 USC § 102).

so like i said before, it all depends on the program you join and how much time you put in it.

Be Sociable, Share!

•