Is Cash Gifting Legal? Obtain The Outlook Of An Industry Insider

Today I've decided to deal with the controversial question in the home business field... Is cash gifting legal? It's truly a fascinating subject matter, I think, so I've carried out some research and really wanted to share my conclusions with you.

Why did I decide to do this?

Ever since I got involved in the network marketing/home based business industry way back in 2009, I've heard of cash gifting and noticed the arguments between the 2 sides..."Yes, Cash Gifting is Legal" and "No Way is Cash Gifting Legal". You can find never anyone sitting in the middle of this discussion! And so who's right?

One of the greatest reasons that I wanted to write about this subject matter is I get loads of daily traffic to my blog from an article I wrote on the Cash Tracking System. I also get several traffic to an article I composed on another renowned cash gifting program generally known as The Peoples Program. This tells me that there presently exists lots of people enthusiastic about the Cash Gifting activity as a potential income maker or, dare I say, business opportunity. So what's the deal?

Is Cash Gifting Legal?

To start with, here's an outline of the cash gifting activity... By definition Cash Gifting (also identified as "Cash Leveraging") is the act of privately or publicly giving someone else or entity a declared amount of cash, totally as a gift and giving it freely without coercion or consideration. It is certainly not a "quid-pro-quo" transaction where you offer something of equal or significant value in exchange for cash. That would be NOT be regarded as a true cash gift.

We discern that, at least in the US people are permitted to "gift" as much as $13,000 per gift to anyone they want without tax consequences. Now, I'm not a lawyer or accountant however that tells me that cash gifting is lawful.

The issue, and adverse connotation, arises with cash gifting pyramids - these are generally commonly matrix programs where people not at the TOP do not have a fair chance. These usually fizzle out leaving many out in the cold.

From my investigation, a "legal" cash gifting activity has a 1-Up compensation plan. This kind of plan, besides being potentially quite lucrative, is not pyramidal in nature. It doesn't matter if you join. Everyone has the same opportunity to get "gifts". The last person in can out earn the first person. This is the case with most top tier direct sales companies as well. That's the way it ought to be in my opinion!

The biggest problem people have, when trying to determine is cash gifting legal or not, is the fact that there's absolutely no product. I don't see that as an issue at all. Let's admit it, there are a lot of direct sales and network marketing businesses that simply have some crappy eBooks or Digital products to "legalize" their program. A few are top-tier direct sales programs costing $1000′;s for way overpriced products. What's better? Then, you need to overcome the objection of "I don't like your product". Having no merchandise has it's benefit:)

It's taken me a while to come around but I have. I'm here to let you know that I have no doubt that cash gifting is lawful. It's just another form of "program" that exists to help people earn income with their own home based business.

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