Many work at home programs based on the internet often sound too good to be true; and many are just that. Some of the marketing programs entail that the prospective entrepreneur sells goods or services or get involved in what is often referred to as a pyramid scheme. In pyramid schemes, only the people at the top make money and because it is not a legal venture often they are shut down before you get the chance to make your money back. No matter how much research you do you will not find any solid information stating gifting is illegal. There is even a section in the IRS handbook that addresses cash gifting that states when the recipient and/or the giver must pay tax on said gift.
In IRS Publication 950 and Tax Code Title 29, the IRS addresses gifting to and from individuals. Individuals can give up to $12,000 to another individual during each calendar year without being liable for taxes. Also the receiver of up to $12,000 does not have to report the gift as income. There are special regulations for the gifting of more than $12,000 within one calendar year. Going into those details right now would be beyond the scope of this writing.
Things are not always as they seem. It is a real chore to sort through all of the home based or internet based businesses to find out which ones are legitimate and which ones are scams. Doing your due diligence is the best way you can go about avoiding being taken for a ride. Promises of incredible wealth within hours or days are most surely advertising ploys.
Helping others is what a cash gifting program is all about. The programs are filled with everyday people like you and me that want to help other people and because of their generosity and kindness have been rewarded. Those that have joined a cash gifting program have given a gift to another and that person is often a total stranger. When someone gifts another it is done without expecting anything in return whether it be goods, services or cash. The expression, "What goes around comes around" has never been truer for those that are part of a cash gifting program.
Finally, if you have ever been approached by someone involved in cash gifting and maybe were not sure it was above board and legal, do yourself a favor and do some research. You will find it is a perfectly legal way to help people that are less fortunate than you at the same time feeling a great sense of doing the right thing when you give a fellow person a gift of cash. Learn more about cash gifting programs by doing research and talking with people who are involved in it.
About the Author:
James M. Shaw is a cash gifting devotee and a incessant investigator of online opportunity programs. He writes about what he finds out about the Best Cash Gifting Programs that are currently out there. He also writes about the Legalities of Cash Gifting and why cash gifting is a amazing way to set up yourself for success.
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