Blog What You’re Not Told About ‘Gifting Programs’ Will Ruin You ~ IRS Documentation
ARE GIFTING PROGRAMS ILLEGAL?
Not according to your friendly con artist and the uneducated fools who follow them.
The guys/gals at the top are liars. Period. More on these dirt-bags later…..let’s talk about what they show you….and most importantly what they do not show you.
I am basically a live and let live kinda guy, my mentor taught me a long time ago, “you can’t stop people from hurting themselves.”
But there comes a point where the damage to other innocent people can be so massive that those with information and proof and a foolproof way to validate who is telling the truth so you don’t have to take anyone’s word for it surfaces……I have reached the boiling point.
A nice grandma in Michigan I know had her career, livelihood, reputation and life savings, [IRS fines], destroyed.
My dad dies when I was 3…..I was raised by 2 fabulous uncles. Uncle Dan’s job? 43 years with the IRS.
We’ve saved people 10s of 1000s over the years by leveraging the Homebased Tax Advantage….I am no fan of taxes but a little more versed than the average person.
WHAT THEY SHOW YOU
The clowns are as slick as puppy shit on a pump handle.
What they show people who even question the legality of these ‘gifting’ programs is PART of the law.
They show the innocent BIG money and the Tax Laws regarding gifts and the tax exclusion.
They show them things like this:
|Gift Tax Annual Exclusion|
|1998 – 2001||$10,000|
|2002 – 2005||$11,000|
|2006 – 2008||$12,000|
They tell them they can get ‘gifts’…..up to 13,000 and don’t have to pay tax on it. Impressive
And, it is all true.
Some of the more arrogant flim-flam-men even send them a link to that area of the IRS booklet.
“So, Mrs. Idiot,” you can be getting $1000s of bucks overnighted to you daily, all gifts and you never have to pay taxes….would that be OK with you?”
WHAT THEY DON”T SHOW YOU
Lying by omission is the worst kind of lie. Not only is it a lie, it’s premeditated deception.
Con artists have more scruples than these scumbags.
What they do not show their prospects is the DEFINITION of a gift……right out of the same booklet.
“What is considered a gift?
Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money’s worth) is not received in return.”
If your intent is giving money to someone you do not know…..with the expectation of receiving gain in return it DOES NOT QUALIFY as a gift.
Some of these folks have gone so far as to create a document you sign saying you are giving without expecting anything in return……which validates what I am saying…..and for the record holds ZERO water with the IRS.
Additionally, who you can give a ‘gift’ to is also spelled out……and strangers do not qualify…..but, that really doesn’t matter because should you get or become involved you have instantly, without meaning to, broken the law.
Think about it…you are not sending someone you don’t know money except for 1 reason…..to make money. This is no gift common sense wise and it is no gift as far as the IRS is concerned.
Oh, and while I’m on it…..ignorance of the law, like my grandma friend, is ZERO defense. A magnificent woman…a milk and cookies gal who never got a parking ticket…..publiclly humiliated in a small town where she has lived her entire life. Ruined.
Oh, and she did have to pay taxes and penalties on the few thousand she got.
Let me make it clear: It is not a GIFT because it does not fit the definition of a GIFT.
The information about gift exemptions is TRUE…..but does not apply to something that is not a gift.
Buck-up with these scumbags and you’re looking a minimum 3 counts….all Federal offenses.
Ponzi-Mail Fraud-Income Tax Evasion….for EACH transaction.
Some will tell you they are 501-C3’s …..legal non-profits.
So was Jim and Tammy Baker’s church/TV show. Didn’t keep Jim out of jail…..and it won’t keep you out of danger/trouble.
It is a con job kicked up a notch……why would they do that is they were not trying to con you?
DON’T BELIEVE ME or THE “GIFTERS”
Here is a surefire way to keep you, your family and your dreams safe.
Print out the material and bring it to your local IRS office.
Ask the person recruiting you to meet you there.
If they live in another town or state…..tell them to fly and I will cover their airfare if the IRS says, “Looks fine to me.”
With so many great networking companies and great ways to make money online….don’t let your passion to do more for your family and your impatience to make it happen cloud your judgement and common sense.
I want to urge you to forward this post…to folks you care about.
And when the guy calls you back who is trying to get you into a gifting program and tells you I don’t know what I am talking about……invite him to go to the IRS with you…..while he may say yes on the phone…..I can promise you it will never happen…..and trouble will never show up on your doorstep.
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