You see cash gifting all over the internet, but is it legal and is it for you. This review will touch on both of these questions.
First lets touch on what cash gifting really is. Cash gifting is the process in which one person will send a gift of pure cash to another person with absolutely no products to show for it.
Once you give this donation to your upline sponser, you are eligible to recieve "gifts" yourself. The question to ask yourself here is does this sound legit to you and does it fit within your moral compass.
So which companys are reputable? Well, truth be told, cash gifting companies pop up and go away very quickly. Although I don't know the actual reason for this, I can venture a pretty good guess as I am sure you can as well.
The IRS watches these programs very carefully and as long as they stay within very specific rules for gufting, they are legal, but this is a very fine line and the IRS is very stringent on this issues and changes the laws regularly.
The business itself works the way a lot of other companies do, they drive traffic to a website. Only on that website you won't see a person's smiling face, you will see hands and money.
It makes sense why they would not want to show their face, its just astounding that they can get people to actually send them money in the mail without knowing anything about them.
Now has anyone ever made money in this. Yes, i am sure there have been a few who made a decent living, but having to worry about the IRS shutting them down must have made it hard to sleep at night.
After reviewing this business it is my recommendation that consumers should try to find a different home based business that can actually lead to lasting and residual wealth. There are many options out there today. - 16747
First lets touch on what cash gifting really is. Cash gifting is the process in which one person will send a gift of pure cash to another person with absolutely no products to show for it.
Once you give this donation to your upline sponser, you are eligible to recieve "gifts" yourself. The question to ask yourself here is does this sound legit to you and does it fit within your moral compass.
So which companys are reputable? Well, truth be told, cash gifting companies pop up and go away very quickly. Although I don't know the actual reason for this, I can venture a pretty good guess as I am sure you can as well.
The IRS watches these programs very carefully and as long as they stay within very specific rules for gufting, they are legal, but this is a very fine line and the IRS is very stringent on this issues and changes the laws regularly.
The business itself works the way a lot of other companies do, they drive traffic to a website. Only on that website you won't see a person's smiling face, you will see hands and money.
It makes sense why they would not want to show their face, its just astounding that they can get people to actually send them money in the mail without knowing anything about them.
Now has anyone ever made money in this. Yes, i am sure there have been a few who made a decent living, but having to worry about the IRS shutting them down must have made it hard to sleep at night.
After reviewing this business it is my recommendation that consumers should try to find a different home based business that can actually lead to lasting and residual wealth. There are many options out there today. - 16747
About the Author:
The Author is a Top Online Marketer, a Top Mentor and helps people Find the Right Job Online.
