By definition, Cash Gifting is
the act of privately or
publicly giving another person
or entity a declared sum of
cash (strictly as a gift) and
giving it freely without
coercion or consideration.
Cash Gifting is not a loan or
a payment for goods or
services. It's called a cash
gift because that's exactly
what it is...a gi
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By definition, Cash Gifting is
the act of privately or
publicly giving another person
or entity a declared sum of
cash (strictly as a gift) and
giving it freely without
coercion or consideration.
Cash Gifting is not a loan or
a payment for goods or
services. It's called a cash
gift because that's exactly
what it is...a gift of
cash.Private cash gifting is a
concept embraced by private
groups of individuals and has
been in existence for many
years. Our private activity
does not involve network
marketing, multi-level
marketing, or a business or
commercial activity. There are
no business transactions,
investments and/or securities
involved in this activity.
There is no business or
company name or location and
there are no directors,
officers, shareholders or
principals. Individuals simply
support each other in a team
concept and help change
lives.The concept of private
gifting is based upon the fact
that both American and
Canadian citizens have the
Constitutional right to gift
property, cash and other
assets, and are subject to the
rules and regulations
established by the laws. The
U.S. gifting rules are found
in the IRS Tax Code, Title 26,
Sections 2501-2504 and
2511.The law states that one
or more individuals can give a
gift to another individual of
up to $11,000 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. These
gifts are not included in the
gross income of the recipient.
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Category Howto & DIY

Tags Cash, Gifting, Works, Here, PROOF