The Yin And Yang Of Cash Gifting
Cash gifting is an interesting form of money marketing found on the internet
. There are dozens of websites with either a love or hate bias. It is up to you to decide which side of the coin is the accurate one. Cash gifting is based upon an IRS code created in the 1980s that explains how to and the legality of cash gifting. It is completely legal if done under the correct premises. Based on the information and history of gifting, it started as a way for people to gift family members of friends without being taxed and groups of people took advantage of it to make money and create pyramid schemes. Since then there have been many successful gifting programs and may fraudulent ones created.The deal with cash gifting groups is that each person gifts a specific amount and expects to get more back, but the inflow of cash is consistent per person so there is never a surplus of cash to give back to each person. Unless there is a someone who gifts blindly and does not expect money in return there might be a surplus, but that money then must be distributed between many people. If the program is set up as a pyramid scheme there is a chance that you will eventually make your money back, but it could take a long time and cost a lot.
Cash gifting is a novel idea and there is definitely a way to make money from the IRS code, the trick is to find the program that has legally exploited the code and will not exploit you. There are many programs out there and from first glance one can normally tell whether they will hold any integrity or if they are a scam. The trick is to also look the groups up in the BBB (better business bureau). If someone has been ripped off by a company most likely they will report it out of anger and because there is frankly little one can do when an internet company scams them. This is because of the lack of laws in the internet realm. Although this will change over time, as of right now the internet laws are very loose, requiring you as a consumer to be weary and skeptical of the things you engage in online.
As an online explorer myself I think it is safe to say that cash gifting can be lucrative and promising, if the correct steps are taken to ensure ones safety. As long as the laws are being followed and cash is flowing in, there should be no hesitation about cash gifting.
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