Questions?
Frequently Asked Questions:
1. what is private gifting?
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.
Private gifting is a concept embraced by private groups of individuals and has been in existence for many years.
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.
The law states that one or more individuals can give a gift to another individual of up to $11,000 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.
2. 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 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.
3. How does the gifting activity 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.
4. Is this a pyramid?
No, this is not a pyramid scheme. A pyramid is associated with a company or a business. We are not a company, just a private sharing club. We
have no 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
a pyramid is also not to be confused with “Network Marketing”. Although Network Marketing is a legal and viable source of income, when was the
last time you, or anyone you know, was able to start at the bottom of the company and reach the top position in the company? NEVER! We are
neither a networking company nor a pyramid scheme.
5. 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 to generate cash.
6. Do I have to share this with family and friends?
No. Our club directs you to the resources of like-minded individuals that want to change their lives with this activity.
7. Is it legal?
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.
8. How do I get started in this activity? Click on the banner and go to our website.
