By: Norma Jean
Submitted: 2009-01-16 21:18:59 | Word Count: 515
Okay, you’ve heard about gifting, and you’ve heard about cash gifting, right? But global cash gifting? Now what’s that all about?
It’s an idea whose time has come.
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Were you around during the days of the old cash gifting programs? If so, you’ll remember they were pretty cheesy. In those days before the Internet, the programs were promoted by letters (snail mail) and bulk faxes. For the most part, the founders usually had the best intentions. But they were greatly uninformed and working with limited knowledge of what was required. They just didn’t know how to put together a workable, sustainable program. Hence, many fell apart at the seams.
That was then. This is now.
Cash gifting programs have now come into their own. Thankfully, today there are ethical cash gifting programs that benefit all involved. (Not just a few at the top.)
In a properly structured cash gifting program, the gifting takes place between two individuals. The cash gift is untouched between giver and receiver – there is no other intermediary involved.
And now, due to the Internet gifting is no longer a regional, or a national event. It has “gone global”!
Private cash gifting is a concept embraced by private groups of individuals and has been in existence for many years. Private cash gifting activity does not involve:
• network marketing
• multi level marketing, or
• business or commercial activity
There are no business transactions, investments or securities involved in cash gifting activities.
The concept of private gifting is based upon the fact that both American and Canadian citizens as well as other countries 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 $12,000 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.
While there are now many trustworthy and reliable cash gift programs out there, one stands head and shoulders above all the rest. This program has been thoroughly researched and legally structured. It is http://www.giftglobalnow.com
This program has taken out the negatives of other programs and incorporated all the positives to create a truly amazing cash gifting program. It has managed to bring automation and duplication to the cash gifting arena over the course of 6 years while utilizing attraction marketing principals to help its members brand themselves from the beginning.
The system has state of the art marketing materials that are “no hype and straight forward which lead to higher conversions and its automation capability is excellent.
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Achieve your dreams through cash gifting as an activity!
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Author Resource:-
Norma Jean Lutz author of 50 published books helps aspiring authors by 1. Sharing in-depth writing techniques: http://www.fiction-aire.com/fictionaire.html. 2. Knowing how difficult it is to “make a living” while writing, she share how to generate CASH through GIFTING: http://www.giftglobalnow.com
