http://www.pressies.org/irs-gifts-in-kind/
So, What exactly is Cash Gifting? Cash Gifting can be defined as: The act of privately or publicly giving another person or entity a declared sum of cash, (as a gift) and giving it freely without coerce or consideration. Cash gifting is a private activity. There are no companies, boards of directors, shareholders or principals. It is simply a matter of individuals helping other individuals. The underlying concept is that by people helping other people in an organized fashion, lives can be enhanced. It does not involve Network Marketing, MLM or any other type of business. Cash Gifting is in no way a loan or any type of payment for goods or services received.
Private groups and individuals have long embraced cash gifting programs as legitimate methods of revenue generation. Giving another person a gift is absolutely legal. It is an expression of kindness. Individuals are allowed to share their wealth with families, friends and other people. Helping and blessing others is honorable and good.
Cash Gifting is neither a scam nor a pyramid scheme. Do not confuse cash gifting with pyramid schemes. Pyramid schemes never allow the person at the bottom to get to the top. In a pyramid scheme only the people at the top have an opportunity to make money. In a Cash Gifting program all members have an equal opportunity and ability to make money. A Cash Gifting program deals with real people making real money, often times daily, and the ability to have cash gifts delivered to their door each and every day never ends. A Cash Gifting program has all of the parts and pieces in place to make it a viable opportunity. A Cash Gifting program makes you a member of a team where everybody is working together for the mutual benefit of everybody else. There is no selling or solicitation. You do not have to pressure or force anybody into anything. You simply give from your heart to people that will likewise give back when they are able.
A Cash Gifting program is based on the constitutional right of all individuals being able to gift property, assets and/or cash to anyone they wish as long as it is done in a way that follows IRS tax code guide lines. The IRS tax code protects both the giver and receiver equally.
Now that you know the facts, what should you do and who can get involved? It’s undeniable; everyone is getting involved with Cash Gifting as an alternative to a home based business. People from all walks of life are finding Cash Gifting to be an exciting way of increasing their net worth with very little effort. It’s a fun and very rewarding experience and that’s the reason it is growing at an unbelievable rate. What makes this opportunity so real and head and shoulders above a standard home based business is that; the system is in place and the member NEVER has to do any selling. The member NEVER even has to follow up with the prospect, as it is all handled by the leadership team. Again, all the member should have to do is promote as they feel fit.
About the Author:
Stephen Chin is the author and creator of WhatIsCashGifting.com website. A truck driver for years decided to drive on the internet highway instead and found wealth and happiness he never expected.
Article Source: ArticlesBase.com – What is Cash Gifting
What IRS says about Cash Gifting..(audio)
