Cash Gifting Programs: Legal, Fast Money? Yes.

Having witnessed the outrageous popularity of cash gifting programs on the internet, and participating in one or two of them myself in the past, I often wonder where all of those websites went. Contrary to popular belief, cash gifting is not illegal if done correctly. Sadly, for most people who got ripped off by most of the unsavory internet geeks over the past few years, people have become reluctant to look twice at any new cash gifting programs brave enough to raise their little heads.

Incidentally, I made a whole $12.50 when I became a cash gifting expert and got involved in two internet setups about 10 years ago; at least I am fortunate not to have been so trusting that I sent money to…well, wherever, never to be thought of again. I know there are some cash gifting programs available which are indeed, legitimate, but how can you tell if it is legitimate, or just another cash gifting scam?

Check out who owns the cash gifting website; see if they have contact details and a physical address, or just a generic contact form. A phone number would be great too, and if they don’t display one, ask for it. Which country are they in? If it is the United States, or the country you reside in, you might call the Better Business Bureau or its equivalent in that state to see if they are the subject of any complaints.

I decided to check out how many cash gifting programs are still online, and I did find quite a few, all spouting the same pitch. Some of them may be indeed, legal cash gifting programs, although I have not invested any time researching ownership or business registrations at this point.  For anyone still with me into this fourth paragraph, you will probably be interested to know that I discovered a little snippet on YouTube.com where some people called the IRS to ask about the legalities of cash gifting programs. The woman on the other end of the phone offered tax information on various amounts for cash gifting, along with the relevant forms you will need if you are lucky enough to require their assistance for this fiscal year.

I suppose the best way to know a program is worthy is to consider starting one yourself. Scripts are relatively inexpensive, and if you start with a few good online buddies, word of mouth ought to make you a reasonable purse over time. Be sure not to hide your identity when you register your domain though, that will be the first thing people notice. Make yourself available by phone and email, and then send me a note because I want in.

Before you follow any links, please note that although you may only send me $12,000 each per year “before it becomes a taxable event” (IRS) I am open to receiving multiple donations so I can take next month off from writing and go home to Australia for a visit….and bless your little hears in advance. I think I love you.

Here is your link for IRS information:

http://www.youtube.com/watch?v=Tdn-uA_ZWDg