Cash Gifting Works!! Here is PROOF!!

Published 24 months ago

By definition, Cash Gifting is the act of privately or publicly giving another person or entity a declared sum of cash (strictly as a gift) and giving it freely without coercion or consideration. Cash Gifting is not a loan or a payment for goods or... more

By definition, Cash Gifting is the act of privately or publicly giving another person or entity a declared sum of cash (strictly as a gift) and giving it freely without coercion or consideration. Cash Gifting is not a loan or a payment for goods or services. It's called a cash gift because that's exactly what it is...a gift of cash. The concept of private 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. The law states that one or more individuals can give a gift to another individual of up to $11,000 each per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the gift has already been paid. These gifts are not included in the gross income of the recipient. cashovernig less

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