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PinkPixie84 (November 30, 1999 at 12:00 am)
Ur required to file a federal gift tax return (Form 709) if you give gift(s) to one individual that add up to $12,000+. Still, U owe NO federal gift tax UNLESS ALL TAXABLE gifts exceed $1M. To stay in IRS guidelines, file even when no tax is due. The deadline is the same as for your 1040.
This is directed to ANYONE who continues to say it is illegal!!
Hope this info has helped you all out there
PinkPixie84 (November 30, 1999 at 12:00 am)
FYI...U only need to file a gift tax form when you exceed the annual $12,000 TAX-FREE gift limit. U ONLY send Form 709 when you make a transaction with A FAMILY MEMBER OVER $12,000-even if it wasn't a gift. Thats the only way you run into trouble with the IRS. Each yr., you can gift money OR other worth up to $12,000 to a single gift recipient. If you're married, you and your spouse can jointly give up to $24,000 per gift recipient. It is all TAX FREE!!
PinkPixie84 (November 30, 1999 at 12:00 am)
If u believe gifting is a pyramid, why watch the gifting vids just to leave ur negative comment. It's her choice to do it. IT'S NOT ILLEGAL! It's called GIFTING not "INCOME". It's NOT A JOB or A BUSINESS. It is based on people helping people. Ex: I GIVE money to a child in Ecuador. I do it to help her get ahead. The organization advertises to get people to help change the financial life of another person. SAME DIFFERENCE. Two thumbs up Big Cash Queen!
markmillionaire (November 30, 1999 at 12:00 am)
WOW, Awesome Video
Keep The QUALITY Coming
chrisdotwynn (November 30, 1999 at 12:00 am)
hold up...so I'm supposed to send you 100 bucks...and wait for you to send me back more?
xxxsmd (November 30, 1999 at 12:00 am)
cool!
I will be next!
NikkiForever10 (November 30, 1999 at 12:00 am)
Even if someone actually sends you money, do you realize that the reason that "cash-gifting" is illegal because you are not actually "selling" something?? People are sending you money, but they are not "buying" something. It is a pyramid scheme, plan and simple. Also, are you intending to pay taxes on the money that you receive? If you receive money on a regular basis, it is considered "income", and is taxable.
cashgiftingempire (November 30, 1999 at 12:00 am)
cool. I remember my first $3500 day in cash gifting.
Rich
Angie55614 (November 30, 1999 at 12:00 am)
TubeComments.(INFO) want to blow up your channel or website? get your ad right here with the same software i'm using What a wonderful clip !
Elle4108 (November 30, 1999 at 12:00 am)
Thanks for the comment and if you should ever want to do the $100.00 cash gifting call me and I will help you. I have been there too.
Be blessed
Dani
aka
Big Cash Queen |
