Is Cash Gifting Legal? Acquire The Perspective Of An Industry Insider

Today I've decided I would 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 completed some research and really wanted to share my findings with you.

Why did I decide to do this?

Since that time I got involved in the network marketing/home based business industry back in 2009, I've learned about cash gifting and noticed the arguments between the 2 sides..."Yes, Cash Gifting is Legal" as well as "No Way is Cash Gifting Legal". There is certainly never anyone sitting in the middle of this discussion! So who's right?

One of the greatest reasons that I want to write on this subject is I get lots 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 have written on a different popular cash gifting program generally known as The Peoples Program. This informs me that there presently exists many people enthusiastic about the Cash Gifting activity as a potential income maker or, dare I say, income opportunity. So what's the deal?

Is Cash Gifting Legal?

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

We discern that, at least in the US people are free 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 allowable.

The issue, and adverse connotation, arises with cash gifting pyramids - these are commonly matrix programs where folks not at the TOP do not have a fair opportunity. These generally 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 fairly lucrative, is not pyramidal as the name indicates. It doesn't matter when you join. Everyone has the same opportunity to get "gifts". The last person in can out earn the first person. This is certainly the case with most top tier direct sales companies as well. That's the way it really must be in my opinion!

The biggest issue 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 just admit it, there are a lot of direct sales as well as network marketing businesses that just 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 merchandise. What's better? Then, you have 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 allowable. It's just another form of "program" that exists to aid people earn income with their own home business.

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