Is Residual Cash Forever A Legal Cash Gifting Program?
Is Residual Cash Forever a legal gifting program
? The cash gifting laws are clear that there is a right way and a wrong way to receive residual cash gifts, so for those concerned about a cash gifting scam take the time to get educated. Residual Cash Forever is the best program thats affordable for everyone, and when you go to our site youll see why.
The IRS is very clear in the Tax Code that gifting IS legal. Detailed information is found in the IRS Tax Code Title 29, Publication 950, and in Title 26, Sections 2501-2504 and 2511. The key is that if you give a gift you must give without the expectation of receiving anything in return for it not to be taxable.
So how did gifting get such a poor reputation through the years? Simply, there were several gifting communities that not only were structured incorrectly from the onset, but participants were required to recruit others to join, and thats a big no-no. The bottom line is that if you choose to join a gifting community you should do so with the desire to help others. If you then benefit in the process that is a gift, not a requirement or expectation.
Residual Cash Forever is the cash gifting program that we are recommending for several reasons. First, the leaders are cash gifting veterans who are well versed in the gifting laws so they have set up the structure of the community properly. Second, there is no 1up in the program which requires a participant to pass up their first gift to their inviter. There are also no monthly or annual fees with the program, and excellent support is available in the back office in terms of training and developing cash gifting leads.
by: success33
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