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Is Cash Gifting Legal? A LIVE IRS Phone Interview.

FINALLY HEAR WHAT THE IRS HAS TO SAY ABOUT ALS & CASH GIFTING

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R Murrell Johnson

This was the first thing that came to my head when I first heard of this activity: this can't be legal. But to my [good] surprise, it is, in fact, a legal activity, here's why.

In researching this activity, I learned that both American and Canadian citizens have the Constitutional right to gift property, cash and other assets. 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 $12,000 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.

It is NOT pyramidal, but linear in structure. There's no "fat cat" at the top benefiting from others. A person starting today can easily generate more money than someone that's been in a year. Copy cat programs in the past were closed because of this illegal structure, which we are NOT.

I also found that most well organized Cash Gifting programs use a Gifting Statement and Non-Solicitation form, which when signed, are binding agreements between two individuals. These forms are used, it's said, to ensure the longevity of a program.

Now, I'm not here to paint a rosy picture and tell you that ALL Cash Gifting programs are legal. Certainly there are some that are not. Unfortunately, there are "old school" Cash Gifting programs out there that weren't structured properly in order to sustain their efforts for any considerable length of time, and some of them use an illegal pyramidal type of structure. Consequently, copy cat programs in the past were closed because of this illegal structure and gave Cash Gifting a bad reputation.

However, in recent years, with the creation and development of the linear "1Up" structure, things have changed and more and more people are benefiting through the use of these types of programs than with any other Cash Gifting structure in the World.

With a 1Up type of Cash Gifting program, there are no fancy sounding "positions" to sell, no "matrix" to fill, and there's no ever-widening base to the structure (In a typical illegal pyramid, only those at the top profit while those at the bottom never reach the top and invariably lose their money).

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There is a explosion happening as you read this article. Cash Gifting is becoming the opportunity of 2008 and beyond. The question is what promoted the uplift in activity. Why Cash Gifting? It doesn't seem ethical.

Cash Gifting is growing fast because of the community and the experience of the new members. Individuals are finding that the stories and strategies are true. The average person is findig out that anyone can do it and succeeding when they failed in prior opportunities.

Cash Gifting is powered by the members of the community or activity. The success of cash gifting is spread around the web. Sinking into the heads of other like minded individuals just like you and me. This process is building a wave of supporters.

These supporters are what is fueling the fire. If you are reading this article it tell may you are considering and you may find yourself becoming a member and then a believer. That is the exact cause of the explosion. I like to think of it as "If you build it they will come." Want I mean is being a member provides you with the information that it takes to build the foundation and into a structure to succeed. Not one team has all the answers so Cash Gifting members are kind enough to spread info all over the community. Cash Gifting has the ability to launch you into success faster than it takes you to get back to the gas pump.

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Is Cash Gifting going to run out of gifters? This is not possible. The nation is growing ever so fast. Economy is weak. The ages of members are such a variety. If the mentality of the member only grows stronger there will be no reason for failure.

A question to ask yourself is: What business makes Tax Free Cash?


Cash gifting in particularly Abundant Living System is making lots of noise online and Phil Miranda was skeptical at first when like many out there surfing the net, Phil Miranda a successful online marketer came upon one of those cash gifting videos, where people some hiding their faces, and others proudly revealing their mugs opened up Fed Ex, and UPS packages filled with magazines, and cash.

Andy Chen asked himself this question What are these people doing to acquire this cash, and is it LEGAL?

Cash gifting caught Andy Chen's attention immediately and began to scour the internet for answers by carefully reviewing and doing his due diligence on many cash gifting systems until he found the Abundant Living System.

Abundant Living System was the new kid on the block sort of speak in the cash gifting arena but it stood head above all other cash gifting systems/programs such as The Overnight Cash System (TOCS) The Cash Leveraging System (TCLS) and many others just to name a few.

Andy Chen studied cash gifting and looked deep into Abundant Living System for several days before he decided to venture into the world of cash gifting.

Since then Andy Chen has generated tens of thousands of dollars in a very short period of time that hes been involved with cash gifting and has made Abundant Living System his premier cash gifting platform.

In only 10 weeks Andy Chen has established himself as a leader, and mentor in the cash gifting community, and is proudly aligned with such marketing and cash gifting gurus such as Franco Gonzales, Bill Bettler, Michelangelo Lopez, Joey Kissimmee, Tony Torres, Alan Toaca, Jani G, Kyle Hannah and many others just to name a few that are successfully involved in cash gifting.

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