Monday, November 3, 2008

Legal Cash Gifting: A New Twist On Centuries Old Tradition

By Kevin Finney

Cash gifting makes use of a very fundamental structure that is simple to understand. The practice of gifting cash has been happening all through the generations. At some point in our lives, we have either given a gift of cash or received one.

One person giving a gift of cash to another is called legal cash giving. Reasons for doing so vary. Cash gifts can be given to a family member, so that she can finally purchase an objects she always wanted, or to a stranger who needs a helping hand. This practice is not limited to individuals, since businesses also commonly give cash as gifts.

The process has changed considerably over time. Initially, cash giving resembled a pyramid scheme, in which no profits were made. In the early stages, the process was poorly organized and executed. Due to these early problems, some skepticism still exists about cash giving, although times are changing.

Since the early times, many aspects of the programs have changed. Strategies and structures have greatly improved. In addition, technology has allowed an improvement in marketing and tracking of these programs. Many advertisers, such as Q the cash giving expert have profited from cash giving.

A payment is required in order to make money. The profit margin will increase with an increasing investment. One commonly used strategy is to start with a small amount of money and increase it as profits start to come in.

Although recruitment is not necessary, it is advisable since the amount of money made is proportional to the number of members in the program. Both on- and off-line marketing strategies can be used in order to generate cash gifting leads.

The IRS acknowledges the Tax Code Title 26, that states that a person can give a tax-free cash gift in the amount of up to $11,000. Legal cash giftin restes on the principle that every person has a right to give and receive cash gifts and is in compliance with the IRS.

As with any business or money making opportunity, you must do a thorough check on the program you are joining. This can easily be done by searching online. Check forums, message boards and other online communities to see if there are members of the program in question. If so, they can give you great advice on what to do next and how to get the most out of cash gifting. - 15465

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