Cash Gifting Legal & IRS Legality
Simply Stated: YES, Cash Gifting itself does not break any U.S. laws at all. However, not all cash gifting programs are legal. The IRS guidelines on gifting are very specific as you saw on the previous page. The FTC has nothing against the concept of cash gifting, except for one program that has been shut down in which people participated in a pyramid scheme and promises were made to prospects.
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