Things You Have To Know About Cash Gifting

Today I've chose to tackle the controversial question in the home business field... Is cash gifting legal? It's definitely an intriguing topic, I think, so I've carried out some research and really wanted to share my findings with you.

Why did I choose to do this?

From the time I got involved in the network marketing/home based business industry back in 2009, I've heard of cash gifting and observed the debates 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! So who's right?

One of the biggest reasons that I desired to write on this subject matter is I get loads of daily traffic to my blog from an article I composed on the Cash Tracking System. I also get some traffic to an article I composed on a different popular cash gifting program called The Peoples Program. This shows me that there are lots of people excited about the Cash Gifting activity as a probable income producer or, dare I say, business 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 referred to as "Cash Leveraging") is the act of privately or publicly supplying another person or entity a declared amount of cash, totally as a gift and giving it generously without coercion or consideration. It is NOT a "quid-pro-quo" transaction where you give something of equal or considerable value in exchange for cash. That would be NOT be considered a real cash gift.

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

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

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

The biggest problem people have, when trying to find out is cash gifting legal or not, is the fact that there's no product. I don't see that as an issue at all. Let's 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. Some are top-tier direct sales programs costing $1000′;s for way overpriced items. What's better? Then, you have to overcome the objection of "I don't like your product". Having no merchandise has it's convenience:)

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

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