ANOTHER IDEA TO RAISE FUNDS AND GIFTING OTHERS THIS HOLIDAY SEASON.
See the following links to understand this better.
What is private gifting?
Private gifting is a concept that is embraced by a private group of individuals and has been in existence for many years. Our private activity does not involve network marketing, multi-level marketing, or a business or commercial activity. There are no business transactions, investments and/or securities involved in this activity. There is no business or company name or location and there are no directors, officers, shareholders or principals. Individuals simply support each other in a team concept and help change lives.
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.A. 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 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.
How did this concept begin?
Giving private gifts to one another is an expression of kindness, which has been going on for centuries. Governments have allowed its practice for individuals to share their wealth with families, friends and others. It has been a means of helping and blessing others on special occasions or when the need arises.
Many cultures gift as a matter of course. Asian, Jewish and South American communities gift individuals within their race and/or culture on a regular basis so that they may start a business or buy a home. They in turn gift someone else to help enhance their lives. Habitat for Humanity is a great example of private gifting. Everyone participates with their time, their talents and materials to build a home for someone else. Some participate with a hammer, some with nails, some with food and others with the monetary gifts to purchase the supplies, but all create a team that works together to bless someone's life.
How does the gifting activity work?
Individuals share using a basic concept that "All things must be done in order" and follow the Universal Law of Sowing and Reaping - "when you give, you shall receive." This follows God's Law of Reciprocity. "Give and it shall be given unto you." This activity is offered only by means of an exclusive one-to-one invitation. When someone accepts the invitation, they move through a natural progression from the giving to the receiving stage of the activity. In this activity, there is no fixed hierarchy of individuals who have an advantageous position or unfair advantage over new participants.
Who can participate?
As stated above, this is a private sharing group, and is offered only through an exclusive invitation to individuals over 18 years of age. You are invited to learn more about our activity and become part of something extraordinary.
Is this a company?
There is no company - we are a team of individuals, and we give to one another and other teammates. We are not a business or an investment. No company can withhold or misplace our gift. We are totally in charge of our own gifts and gift directly one to another and work for the betterment of the team.
How can you give to a stranger?
How many times have you given to United Way, the Salvation Army and other charities? You don't know who got the gift, what stranger. The only difference here is that this person will start out as a stranger, but you will get to know them as part of the team, work with them and perhaps develop new friendships. We all have met some of the most wonderful people and have made a lot of new friends across the country and the world. These people are giving, they like team dynamics - they are people we want to meet and befriend.
Is this a pyramid?
No, this is not a pyramid scheme. A pyramid is associated with a company or a business. We are not a company, just a private sharing club. We have no sales quotas, we do not sell positions and we do not have an ever-widening base to the structure, which just keeps going and going. A pyramid never allows anyone coming in on the bottom to ever reach the top. Everyone gives the same gifts, works together in team dynamics and receives the same gift. In a pyramid, only those at the top get the profit while those at the bottom never reach the top. In a pyramid, people can and have lost their money. A pyramid is also not to be confused with "Network Marketing". Although Network Marketing is a legal and viable source of income, when was the last time you, or anyone you know, was able to start at the bottom of the company and reach the top position in the company? NEVER! We are neither a networking company nor a pyramid scheme.
Why would I want to participate?
Gifting has changed countless lives for the better. People who were about to lose their cars and homes have been saved from financial ruin, college education's have been made possible, and nearly forgotten dreams have come true, all from participation in gifting. Gifting is the fastest way to generate cash.
Do I have to share this with family and friends?
No. Our club here at Up To You Wealth directs you to the resources of like-minded individuals that want to change their lives with this activity.
Can I do this part-time?
Yes. Many people work this activity around their existing schedule. It's a matter of setting priories and fitting this into the nooks and crannies of your current lifestyle.
Do I have to be a salesperson to do this program?
No. There is no selling, no solicitation, no pressure and no coercion. It is simply a matter of sharing what is in your heart, of sharing your own reasons for becoming a participant, and your own experiences. We will answer questions for your guests, therefore you don't have to do any explaining. 404-418-5512 CALL www.receivecash.weebly.com
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The attorneys and C.P.A's involved with this had this article written
Is The Concept of Cash Gifting Legal and Legitimate?
This was my number one question when I was first learning and researching about Cash Gifting. It's the main question that pops up in the minds of most people as they ponder and consider Cash Gifting as a viable concept for improving their financial situations, after all, I have absolutely no interest in getting involved in any illegal type of endeavors, and I'm sure you don't either, so here is the information I found out:
In studying this activity it's important to keep in mind that there is no textbook or manual available that explains exactly what is legal in our society... we only have legal codes that tell us what is NOT legal.
If you do your own study online or offline, you're going to see that there is really nothing saying that cash gifting is illegal. Most often, its people expressing their personal opinions, and not facts. Usually the people who are the "loudest" in their "official" sounding personal opinions about cash gifting are also people who are involved in a competing model, so you really have to learn to dig a bit deeper and get past people's hidden agendas and biases.
So far, no one individual has been able to show me the law that clearly explains that giving a cash gift is illegal, especially if it's not been outright solicited, or with some "quid-pro-quo" deal or consideration as part of the "arrangement" (strings attached) such as a guarantee or receiving cash discount in return, etc...
In fact, I learned that citizens in both the U.S. and Canada have a protected Constitutional right to gift property, cash and other assets. It's a constitutionally protected right, and not a grey area privilege that can be taken away.
In the United States we have the Constitution (including the Preamble) and the Bill of Rights to protect our private, and free citizen's rights to earn, own and give away property and any assets, including cash as long as it's done according to the laws and codes of the nation. The U.S. gifting regulations are found in the Internal Revenue Service's Tax Code, Title 26, Sections 2501-2504 and 2511.
Currently, as I write this special report, the law states that an individual or entity can give a cash 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 supposedly already been paid.
However, prudence should rule... and even though gifts don't have to be included in the gross income of the recipient's tax return, it's probably a good idea to pay taxes on any and all cash gifts you receive from anyone not related to you. At the bare minimum, people should be declaring all gifts received and keep accurate records and file all Gift Statements received and forward to your tax preparer or accountant.
That is just good common sense. Realize that this is a topic you should take up with competent tax counsel and it is NOT the intention in this report to give any tax advice whatsoever.
Our study also found that most well organized, properly structured Cash Gifting programs require each participant to use some form of a Gifting Statement and Non-Solicitation form, which when signed, is a binding contract and agreement between two private individuals or entities.
Forms such as these are used to help ensure the sustainability, legitimacy and legality of a properly structured gift.
So giving a gift of cash or other assets to someone, be it a friend, stranger or family member is legal according to the Internal Revenue Code. Personal opinions tainted with aggressive and often, not so hidden, competing agendas, should be taken with a grain of salt and in context. Again, there's no specific national law that we've found to say that cash gifting is illegal.
There are services, education and valuable spiritual learned enlightenment exchanged in this program.
The signed documents are also contracts by Law.
This program has been around for 6 going 7 years now, and has survived this scrutiny, others have not .
Thats why I chose this
And people are also encouraged by me to employ this in charitable activity at their own discretion.
I go as far as to make this under a none profit banner.