Cash Gifting

This is probably the number one, underlying question that comes to mind when people begin seeing the lucrative potential with this sort of activity, and it’s certainly the first thing that I wanted to know as well; I mean, 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 one which states what IS NOT legal.

If you research online, you’re going to find that there’s really nothing saying that cash gifting is illegal. Most of the time it’s people expressing their own 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.

As a matter of 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. Click here for this document.

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’ve 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. It’s said, these forms are used 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.

With 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 federal government because of this illegal ever-widening base pyramid structure and gave cash gifting a bad reputation.

However, in recent years, with the creation and development of the linear structure, things have changed and more and more people are benefiting through the use of these types of programs than with any other cash gifting structure in the World.

With a no 1 up cash gifting program, there is no qualifying process, no fancy sounding positions to sell, no captain at the top, and there’s no ever-widening base to the structure like what is found in a typical illegal pyramid, where only those at the top profit, while those at the bottom never reach the top and invariably lose their money.

You are more than welcome to research further if you wish. And if you have any other questions after reviewing my site, you can click here to request a call appointment or you may contact me directly, by phone or email.