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Comment by James McDonald yesterday -
This is probably the number one question that pops up when people start to see the lucrative potential with this kind of activity, and it's certainly the first thing that I wanted to know too... after all, I have no interest in getting into any type of legal hot water, and I'm sure you don't either, so here's what I found out. In researching this activity, it's important to keep in mind that there's no book out there that tells you what is legal in our society, only what is not legal.
If you do your research online, you're going to see there's really nothing saying that cash gifting is illegal. Most of the time it's people expressing their personal opinions, not facts. And after years of experience and thorough research, no one has been able to show me the law in black and white stating that giving a cash gift is illegal.
In fact, I learned that both American and Canadian citizens have the Constitutional right to gift property, cash and other assets. Many other countries participating in cash gifting also have very similar gifting laws.
In the United States we have the Preamble, the Constitution and the Bill of Rights to protect a private citizen's rights to earn, pay taxes and give away property and cash as long as it's done according to the laws and codes of this country. The U.S. gifting rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511.
In 2008 in the United States of America, the law states that one or more individuals can give a cash 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.
I also found that most well organized Cash Gifting programs require each participant to use some form of a Gifting Statement and/or Non-Solicitation form, which when signed, become binding agreements between two private individuals. These forms are used, it's said, to ensure the longevity and legality of a gifting program.
So giving a gift of cash to someone, be it a friend, family member or a stranger is legal according to IRS code. Again, there's no specific nation-wide law that I've been able to find to say that cash gifting is not legal.
Now, that being said, it's important to note that not all Cash Gifting programs may be legal in their structure. Certainly there are some that may not be. Unfortunately, there are still some "old school" Cash Gifting programs out there (mostly offline) that weren't structured properly in order to sustain their efforts for any considerable length of time, and some of them use an illegal pyramidal type of structure.
Consequently, many of these types of mostly offline programs in the past were closed by the feds because of this illegal "ever-widening base" pyramid structure and gave Cash Gifting a bad reputation.
However, in recent years, things have changed and more and more people are benefiting through the use of these types of programs than with any other structure in the World.
Hello Everyone .
When you are ready to get started send your name ,address, tothegiftingclub@gmail.com
and I will get your names sent to you.
This will be how everyone will get started with the Gifting Club .The first week you will gift $20 each to the three names you are given. You will receive $160.
The 2nd week you will send those same three $40 each , You will receive $320
The 3rd week you will send the same three $80 each, You will receive $640
The 4th week you will send the same three $160 each, You will receive $1280
The 5th week you will send the same three $320 each , You will receive $2560
The 6th week you will send the same three $640 each , You will receive $5120
At the 6th week you will be at $3200 clear after you send your gifts, Now that's nice.
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Comment by steve whitehead on Tuesday -
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Comment by James McDonald on Monday
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Comment by James McDonald on Sunday
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Comment by James McDonald on February 5, 2012 at 5:23pm
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We ONLY work with adults who understand what it takes to build a viable business.
We are human so we have to expect a normal, human experience.
You will NOT be a millionaire tomorrow.
The only person who can guarantee your actions is you. If you are willing to put up a little money and add effort, you will find success here.
Our plan weeds out the cry babies and gets the professionals fired up. Those people who join us will actually DO what needs to get done to build a business with us.What are we doing?
We are investing our time and money into a successful business building system. The cost to get started is $5.00
This is real money folks, not the pennies that the whiners make.
We do not need to write a long page trying to convince you to join us. If you see our vision and understand how the business world works, you will join us. If you are looking for a free ride or still believe you can get rich sitting in front of the TV, good luck with that.
Do you fit the bill?
If so, CLICK HERE. No Whiners.
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Comment by James McDonald on February 3, 2012 at 6:16pm
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Comment by steve whitehead on February 2, 2012 at 8:13am
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Watch The Video! Complete Step 1! Then Email Me!stevewhitehead5@hotmail.com
GO HERE:
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Comment by James McDonald on January 31, 2012 at 10:14pm
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Comment by Guy Leroux on January 31, 2012 at 5:50am -
My new web site...
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Comment by Hugh Love on January 28, 2012 at 9:26am -
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Comment by Margery Voshell on January 27, 2012 at 8:48am -
ARE YOU READY?
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Comment by Nina Newton on January 22, 2012 at 11:39am -
Thanks Lee! I am so glad to have the opportunity to work with you on this project. Will be working on your short stories this week! Nina
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Comment by Lee E. Shilo on January 22, 2012 at 11:07am
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Comment by Lee E. Shilo on January 22, 2012 at 11:04am
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Comment by C.N. KOR RODGERS on January 21, 2012 at 8:08am
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Comment by Patty Mooney on January 18, 2012 at 3:51pm -
The Lamp Hat Collection - Regular people photographed in a hilarious way
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Comment by Shade Law on January 18, 2012 at 6:58am -
New Album is now out: http://www.reverbnation.com/store/artist_752058By Shade Law - Demo Featured right here at The Net Surf Cafe
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Comment by Michael Champion on January 11, 2012 at 9:15pm -
http://www.mlcenterprises.com Make Us Your One Stop Shop
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Comment by Hugh Love on January 11, 2012 at 11:23am
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Comment by Donald Howard Smith on January 9, 2012 at 12:15pm
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