ARE ALL CASH GIFTING PROGRAMS ILLEGAL?

  • 15 years ago
ARE ALL CASH GIFTING PROGRAMS ILLEGAL?

Not at all!

some people are afraid of getting involved in this kind of activity to make fast easy money as they are having presumptions that it is illegal. Well, think again. This is just one of the myths about cash gifting as it was largely related to pyramid scheme myth for cash gifting.

The legality of cash gifting falls under the category of “Estate and Gifts” and the income tax rules that is associated with the value of gifts was given at that time.

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