Thread: Exciting New Twist in Cash Gifting.

According to Adlandpro there is a new legal cash gifting program.

"Yes, it is legal. However, you have to be very careful about that. There are a lot of schemes & scams out there designed for only one purpose. To ge your money. Cash gifting programs are notorious for that. I am working with a company that I will soon be promoting that works like a cash gifting program, but we don't call it that because you also get some great products absolutely free from the company when you sign up. You can read about that in the forum below. More information coming soon."

To avoid the forwarder which has been placed on my computer just type http:// then add community.adlandpro.com/forums/forum/562351/Exciting-New-Twist-In-Cash-Gifting.aspx#.VhhFfyuRxdg

Is Cash Gifting Legal? To find thw answer to that one type http:// then add community.adlandpro.com/forums/post/2826725/Is-Cash-Gifting-Legal.aspx?flag=1#.VhhLCCuRxdg

Answer from Don Evans AKA "The Information Warrior" or more likely "The Pi-s Artist"


Is Cash Gifting Legal?


Are you allowed to give someone cash and how much? The legality of cash-gifting has been questioned for many years and there is still a stigma associated with it. People tend to put “cash gifting” in the category of “scam.”

The question of legal cash gifting actually has several components that usually concern people. The problem is that most people just blob these issues into one thought in their mind and get easily confused on the subject:

1) Can you gift someone cash legally?
2) Are you allowed to send money through the mail?
3) Are you obligated to pay taxes on gifted income?

QUESTION: Can you gift someone cash legally? ANSWER: YES

Giving a financial gift or “blessing” to someone, expecting nothing in return is not illegal. What IS illegal is if the organization that you are doing this through is a pyramid scheme. (Where the people at the top get the money and the people below lose their shirt and their sanity.) It is important for you to do your due diligence when investigating a “cash gifting program” that it is not structured this way. How would you be able to tell if a cash-gifting program is not a pyramid? The clearest way is to notice if the program you’re considering will allow for the possibility that the person signing up below you could actually receive MORE gifts than you. This would depend on the structure of the program itself and also on the motivation of the new person. If you have determined that the program is not a pyramid, then you know that you would have no problem participating.

QUESTION: Are you allowed to send money through the mail? ANSWER: YES

Indeed, you ARE allowed to send money through the mail. What you are not allowed to do is if you send money through the mail for an ILLEGAL ACTIVITY such as money laundering or a pyramid scheme! (But if you read above, you can see that cash gifting is LEGAL.) However, is it WISE to send large amounts of cash through the mail? NO, obviously. In These cases, you should send a money order or a cashier’s check.

Here is a nice article on SNOPES that clarifies:

snopes.com: Sending Cash by U.S. Mail - Is It Illegal?

NOTE: There is a distinction between sending money through the mail and sending to COUNTRIES OUTSIDE THE USA. Exporting or Importing cash will always create problems, so don’t even try that at all. But WITHIN the United States should be no problem.

NOTE: If you research USPS, FEDEX, DHL and USP about “restricted items” they always include “cash” as a restricted item. But... those documents on which cash is restricted are always referring to shipping internationally, regarding tariffs and import and export issues. It is actually not clear about this when you ship within the United States, particularly for lower amounts.

Obviously, for higher amounts, you should consider a money order or cashier’s check or direct wire. Definitely DON’T use PayPal. They will shut down your account!

QUESTION: Are you obligated to pay taxes on gifted income? ANSWER: IT DEPENDS

Interestingly, if someone were to pay taxes regarding cash gifting, it would be the GIVER. Currently, US IRS law states that you are allowed to give someone up to $13,000/year before the giver OR the receiver would have to worry about paying taxes:

http://www.efile.com/irs-publication...es-pub-950.pdf

Of course there are many details to the current law and you should read the above document carefully and also consult with your tax advisor.

Since the average gift in a cash-gifting program is between $100-$500, then it would seem that the taxes issue would be a moot point.

IN NO WAY AM I ADVOCATING THAT YOU DO NOT PAY YOUR TAXES. I am just clarifying that cash received as a gift technically is not taxable in most cases, but you may still declare that money as income and pay taxes on it.

Don't trust the evening news to tell you the truth about what is really going on in the world. If you want to know what is really going on behind all those closed doors, I invite you to visit INFOWARS.COM. Don Evans - Information Warrior.

Everything after the aspx is superfluous in that link.
The poster was/is Don Evans, an Infowars nut and long-time cash gifting pain in the rear.
719-390-0561
hbndon@juno.com


Also, his info is quite outdated even for a gifting parasite. IRS Pub. 950 hasn't been valid for some 3-4 years now. It was replaced and superseded by another publication.

More words of wisdom from The Information Warrior.

Exposing government lies and deception. Thanks to the internet, we now have instant access to information provided by business & government whistle blowers and a whole lot of dedicated investigative journalists to tell us the truth in words and in video about what is really going on in the world. I will be posting some of the most important articles and videos in this forum and welcome your comments on any subject thread you see posted here.

Type http:// then add community.adlandpro.com/forums/forum/562330/The-Information-Warrior.aspx#.VhhOZSuRxdg

Originally Posted by ProfHenryHiggins

Everything after the aspx is superfluous in that link.
The poster was/is Don Evans, an Infowars nut and long-time cash gifting pain in the rear.
719-390-0561
hbndon@juno.com

I knew that it would not be long till you were on to this "prof". WELL DONE YOU.


Also, his info is quite outdated even for a gifting parasite. IRS Pub. 950 hasn't been valid for some 3-4 years now. It was replaced and superseded by another publication.

I had a feeling that you could have encountered this creep before "prof"

Most of the regulars here have, I think.
http://www.worldlawdirect.com/forum/...ponzi-366.html

Oh boy!!!!!!!

Now i can be a millionaire!!!!!!

0.0!!!!!!!

title of thread is a little misleading.

I thought cash gifting played out 7-years ago, still going ?