Cash Gifts and Money Gifting Will Enhance Your Security
Money gifting and cash gifts are exactly as the words say, the giving and gifting of cash as a gift. Cash gifts and money gifting are perfectly legal gifting activities practiced for centuries. Cash gifting is a concept often embraced by private groups of individuals around the world and is often by invitation only.
True money gifting with cash gifts does not involve network marketing madness, multi-level marketing, or a commercial activity. Money gifting within certain, legitimate programs is quite lucrative and beneficial to both givers and receivers. Reaping and sowing is a universal principal of the wealthy and the wise.
Cash Gifts and Money Gifting Are Our Right
The concept of money gifting and cash gifting is based upon the fact that both American and Canadian citizens have the Constitutional right to gift property, cash and other assets, and are subject to the rules and regulations established by the laws. The U.S. gifting rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511, and Canadian Tax Code, Sections 143.3 and 62.0.
The 2011 tax law states that individuals can give cash gifts to another individual or cause of up to $13,000 per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the cash gift has already been paid. These cash gifts are not included in the gross income of the recipient in many cases.
We are NOT offering any tax advise here as to how you should report your gifts. We strongly recommend that you consult with your own cpa. Personally, I believe in paying to Cesar what is Cesar’s.
Cash gifts and money gifting have been used by wealthy families, parents, seniors and philanthropists for years as a method of estate planning. Individuals, churches, organizations, foundations and charities receive billions in cash gifts each year.
Giving private cash gifts to one another is often an expression of kindness and is allowed in many countries. Many governments around the world allow this practice for individuals to share their wealth between families, friends and others. It has been a means of helping and blessing others on special occasions or when the need arises.
Cash Gifts and Money Gifting Are Cultural Traditions
Many cultures offer cash gifts and money gifting as a matter of course. Asian, Jewish, European and South American communities give cash gifts to individuals within their culture to start a family or start a business or to buy a home. They in turn gift someone else to help enhance their lives and the community prospers.
Christians are taught the principles of sharing and tithing cash gifts at a minimum of 10%.
In many Asian cultures, they pool resources to help young people start a life or business. That person then blesses others and the cultural activity continues helping others.
In many Muslim cultures it is required each year to give 2.5% of their wealth and assets in the act of giving called Zakat. Gifting money and assets is as old as money exchanging is an age old tradition.
You are invited to learn more about a well established, legitimate cash gifting system through this invitation. Cashgifting and gifting activities have benefited many around the world. Explore more about private cash gifts and money gifting with a top team in the community.