Cash Gifting Is a SCAM

Filed in archive Home Based Businesses on January 15, 2009

I get emails all the time from people asking me if cash gifting is legit. The answer is no. It's not only a scam, it's ILLEGAL. Here is a great video that explains the scam in detail:

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Tags: home based business work from home work at home self employment cash gifting work at home scams sect

Vote for Cash Gifting Is a SCAM:

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Rating: 9.00 out of 3 vote(s) cast.

Response from: neon tabela (08/24/09 4:57am)

It's not only a scam, it's ILLEGAL...

Response from: cash gifting (09/12/09 7:48pm)

good video

Response from: mike (01/27/10 12:57pm)

youre an idiot cash gifting is legal and helps people just because it doesnt work for u dont slam it your video sucks

Response from: Dave (02/23/10 6:52am)

"hey everyone I am here to save you from gifting - go to my website and buy my stuff!" Can't get in contact with their inviter after a gift?! No phone numbers?! A PO Box somewhere?! I'm afraid you are wrong. Why don't you just market your stuff without attacking something else..

Response from: David (03/01/10 12:01pm)

He is right it is tax evasion. In short, because a gift requires "Donative Intent" in fact and appearance to the IRS. So, once a "return gift" is provided it will be deemed consideration, if it is property(meaning that you now have tax basis in that property) or in the case of cash, it would be considered the return of a personal loan and interest should be imputed (that means interest income you pay tax on). I don't care that it is illegal- people do illegal things daily, but you will loose your legal recourse (i.e. whining privileges) when you loose your ass.

PS,
Grow balls and do some actual work

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