WHAT IS GIFTING? Scheme,Scam, or Cash Cow?
Q. What is private gifting?
A. Private gifting is a concept embraced by private groups of
individuals and has been in existence for many years. Our
private activity does NOT involve network marketing or any type
of 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.
individuals and has been in existence for many years. Our
private activity does NOT involve network marketing or any type
of 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. 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.
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. 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 $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 already been paid. These
gifts are not included in the gross income of the recipient.
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 already been paid. These
gifts are not included in the gross income of the recipient.
Q. Is it legal?
A. Yes. Churches, civic groups and people from around the world
have participated in organized gifting for over 300 years. Laws
state that it is legal for individuals to exchange gifts. In the
United States we have the Preamble, the Constitution and the
Bill of Rights to protect a private citizen's rights to earn,
pay taxes and give away property and cash as long as it is done
according to the laws and codes of this country.
have participated in organized gifting for over 300 years. Laws
state that it is legal for individuals to exchange gifts. In the
United States we have the Preamble, the Constitution and the
Bill of Rights to protect a private citizen's rights to earn,
pay taxes and give away property and cash as long as it is done
according to the laws and codes of this country.
To view the most recent (September 2006) IRS Pulication
regarding this subject, click the following link:
regarding this subject, click the following link:
Q. How did this concept begin?
A. 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.
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 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.
South American communities gift individuals within their 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.
Q. How does the gifting activity work?
A. Individuals share using a basic concept that "All things
must be done in order" - 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.
must be done in order" - 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.
Q. Who can participate?
A. As stated above, this is a private sharing group, and is
offered only through an exclusive one-on-one invitation to
individuals over 18 years of age. You are invited to learn more
about our activity and become part of something extraordinary.
offered only through an exclusive one-on-one invitation to
individuals over 18 years of age. You are invited to learn more
about our activity and become part of something extraordinary.
If you would like to watch a movie, hear some testimonials from
everyday people making their dreams a reality go to my website
for all the exciting details.
everyday people making their dreams a reality go to my website
for all the exciting details.
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