Tuesday, March 16, 2010

Is Cash Gifting Legal?

“Is Cash Gifting Legal?” Whether or not cash gifting is legal has been the question for years sparking controversy all over the place, and therefore many people want an answer. The FTC says that a business is not legal unless it has products. Sadly many cash gifting programs do not have products, however, there are cash gifting programs that do have products. So now what do we do? [Is cash gifting legal?] This is not even the biggest concern that people have with cash gifting. The biggest concern is that the money earned through cash gifting is not taxed, and we all know that taxes must be paid. If an individual does not pay their taxes, then they must be paid, and the IRS will see to that. Not to mention, the IRS will not have a problem having them put into jail either.

However, there are cash gifting programs that do require people to pay their taxes. Now if the individual in the program decides not pay their taxes, then that is their choice because these cash gifting programs that require people to pay their taxes provide everything for them to do so. Therefore, “Is cash gifting legal?” The FTC (Federal Trade Commission) says that people can give cash gifts to each other without tax being applied, but when cash gifting is put into a structure such as a most cash gifting programs, the program turns into a business. Which means what? The FDC is therefore saying that cash gifting programs are businesses, which means that taxes need to paid, and ultimately not paying your taxes is illegal. So, [Is cash gifting legal]? It’s definitely not legal if you don’t pay your taxes!!

The next concern about cash gifting is that it is a scam, well is it? To tell you the truth, most cash gifting programs are not scams, however, the people in these programs maybe scams. So, it is really the people you need to look out for who are out to get you. Many people join under the wrong person, and end up getting scammed. Many people end up joining under the right person and learn how to market and make money. People just have to be careful of the people they join under. So, if anyone is looking for a legal cash gifting program that has products and requires their members to pay taxes, check out “Nice People Give.”

[Nice People Give] has products at every level. The levels are from $120 -$7500, and all of these levels have products, such as vacation certificates for hotel stays and cruises. “Nice People Give” will even provide you with the forms you need to pay your taxes, and that’s not all. Members have access to a backoffice where they can track prospects and track their advertising methods. Members also have access to training that actually works so they can find methods of advertising to begin making money. For more information on [Nice People Give], go to http://nicepeoplegive.com today.

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