Cash gifting – the old and the new - By: Trevor Poulson

The concept of cash gifting is nothing new and has been carried on since centuries as a means of wealth sharing. When estate planning becomes an important issue to deal with, an attorney, almost always, suggests this as a breather. What is most important and acceptable in this concept is that it is a legitimate form of gifting (legalized under Sections 2501-2504 and 2511 of Tax Code Title 26 by the IRS) and is an excellent way of cutting down on any estate size for reducing the burden of property tax on heirs.

When you undertake cash gifting you can actually gift as many people as you intend to upto $12,000/ person within one scheduled year and none of them is required to pay up taxes on the gifted amount. It sounds like what estate dreams are made of but there is a slight gripe in this. For instance, when you are cash gifting in accordance with IRS regulations, your gift must go without any conditions, i.e. you are not entitled to get a single thing in return from the recipient of the gift. It is this concept of cash gifting that has given rise to innovative methods of gifting cash in the modern age.

Different types of online cash gifting programs have come up in the scenario and each one has been quick enough to capture the attention of the internet marketer or the home based businessman as a great opportunity. In today’s world online cash gifting keeps back the tag of wealth sharing but only in an easier way – it is a procedure of accumulating money over the internet through a chain link of gifting $1. And in this modern concept of cash gifting, people give away money without expectations of receiving any, but ultimately end up being paid in lots.

About the Author

I’m Rob Sevilla cash gifting trainer and internet marketer. I made over $80k last year and you can too. Check out my blog at http://www.makemoneyonlinewithrob.com

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