IRS does not say that Cash Gifting is legal

I can't confirm if this is a real IRS agent on the line, but the points are well made.

http://www.youtube.com/watch?v=x-Kd5w0I2pY

Unfortunately, the account was closed within the last few days. Apparently by the owner.

Quote:

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Originally Posted by ProfHenryHiggins

Unfortunately, the account was closed within the last few days. Apparently by the owner.

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Hmmm. Too bad.

See what happens when you try to make cash gifting legal?