What is private cash gifting? 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, multilevel marketing, or a business or commercial activity. There are no business transactions, investments and or securities involved in this activity. There are no directors, officers, shareholders or principals. Individuals simply support each other in a community concept and help change lives. The concept of private gifting is based upon the fact that American 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. The law updated Dec. 2009 states that one or more individuals can give a gift to another individual of up to $13,000 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. WE ARE NOT GIVING TAX ADVICE. Please consult a local CPA regarding your decision to pay taxes on your gifts or not. Is this a pyramid? Not at all. A pyramid is associated with an investment scheme, a company or a business. We are not a company, just a private sharing community. We have zero sales quotas, we do not sell positions and we do not have an ever-widening base to the structure, which just keeps going and going. A pyramid never allows anyone coming in on the bottom to ever reach the top. Everyone gives the same gifts, works together in a team and receives the same gift. In a pyramid, only those at the top profit while those at the bottom never reach the top. In a pyramid, people can and have lost their money.
How did this concept begin? 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. 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 united community that works together to bless someone's life. How does Cash Gifting work? 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. Who can participate? This is a private community, 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. This is currently only available to US participants. Anyone can do this. Whether you are currently employed part-time or full-time, unemployed, retired, disabled, a student, single parent or a busy housewife, our amazing program will help you generate cash delivered directly to your door! With our time tested cash generating community, unique one-on-one invitation system and ongoing Freedom Ring Support behind you, it really makes no difference whether you're an absolute novice or a seasoned marketer.
Is this a company? There isn't a company. We are a group of individuals and we give "Gifts" to one another. We are not a business or an investment. A company can't withhold or misplace our gift. We are totally in control and in charge of our own gifts and gift directly one to another. How can you give to a stranger? How many times have you simply donated something, or given to United Way, the Salvation Army and other charities? You don't know who got the gift or what stranger may have benefited from your blessing. The only difference here is that this person will start out as a stranger, but you will get to know them as part of our community, work with them and perhaps develop new friendships. We all have met some of the most wonderful people and have made a lot of new friends across the country. These people are giving, they understand and like team dynamics - they are people we want to meet and build relationships with! Why would I want to participate? "Gifting" has changed countless lives for the better. People who were about to lose their cars and homes have been saved from financial ruin, college education's have been made possible, and nearly forgotten dreams have come true, all from participation in "Gifting". "Gifting" is the fastest way I have found to legally and ethically generate cash. Can I do this part-time? Yes. Many people easily work this activity around their existing schedule. It's a matter of setting priorities and fitting this into your current lifestyle.
What is the Cost to Get Started & What are My Options? The level everyone joins at is $4 dollars and (4) 1 st Class Postage Stamps in Round 1. This is the amount of gift you will send to begin participating in this amazing program. You will then progress to higher levels of gifting and receiving, with the rest of the gifts you send, coming from the gifts you have already received. Your initial gift of $4 dollars (plus the cost of 4 stamps and envelopes or gift cards) is your ONLY out-of-pocket expense and there are no admin fees or any other hidden costs to participate in our community. Is Cash Gifting Legal? This is probably the number one question that pops up when people start to see the lucrative potential with this kind of activity, and it's certainly the first thing that I wanted to know too... after all, I have no interest in getting into any type of legal hot water, and I'm sure you don't either, so here's what I found out. In researching this activity, it's important to keep in mind that there's no book out there that tells you what is legal in our society, only what is not legal. If you do your research online, you're going to see there's really nothing saying that cash gifting is illegal. Most of the time it's people expressing their personal opinions, not facts. And after years of experience and thorough research, no one has been able to show me the law in black and white stating that giving a cash gift is illegal. People can say many things about cash gifting, but the one thing they can t say is that it s illegal, because it s not. It's a fact that American citizens have the Constitutional right to gift property, cash and other assets. Many other countries participating in cash gifting also have very similar gifting laws. 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's done according to the laws and codes of this country. In 2010 in the United States of America, the law states that one or more individuals can give a cash gift to another individual of up to $13,000 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.
I also found that most well organized Cash Gifting programs require each participant to use some form of a Gifting Statement and or Non-Solicitation form, which when signed, become binding agreements between two private individuals. These forms are used, it's said, to ensure the longevity and legality of a gifting program. So giving a gift of cash to someone, be it a friend, family member or a stranger is totally legal according to IRS code. Again, there's no specific nation-wide law that I've been able to find to say that cash gifting is not legal and I ve talked directly with the IRS. Now, that being said, it's important to note that not all Cash Gifting programs may be legal in their structure. Certainly there are some that may not be. Unfortunately, there are still some old school Cash Gifting programs out there (mostly offline) that weren't structured properly in order to sustain their efforts for any considerable length of time, and some of them use an illegal pyramidal type of structure. Consequently, many of these types of mostly offline programs in the past were closed by the feds because of this illegal "ever-widening base" pyramid structure and gave Cash Gifting a bad reputation. However, in recent years, things have changed and more and more people are benefiting through the use of these types of programs than with any other structure in the World. I hope this has answered your questions concerning the some of the more sensitive areas of conversation that revolve around cash gifting programs. Each program or system has its own unique aspects and characteristics that must be evaluated before engaging in any gifting activity One size simply cannot and will not fit all. Thank You For Reading! Dean Hart (208) 794-6038 Mtn FreedomRingAmerica@gmail.com