Q. What is private gifting?

A. 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 or any type of business
or commercial activity. There are no business transactions,
investments and/or securities involved in this activity. There is no
business or company name or location and there are no directors,
officers, shareholders or principals. Individuals simply support each
other in a team concept and help change lives.

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,
and Canadian Tax Code, Sections 143.3 and 62.0.

The law states that one or more individuals can give a gift to
another individual of up to $12,000 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.

Q. Is it legal?

A. Yes. Churches, civic groups and people from around the world
have participated in organized gifting for over 300 years. 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.

To view the most recent (September 2006) IRS Pulication
regarding this subject, click the following link:

http://www.irs.gov/pub/irs-pdf/p950.pdf?source=ttcom4home1

Q. How did this concept begin?

A. 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 team that works together to
bless someone's life.

Q. How does the gifting activity work?

A. Individuals share using a basic concept that "All things
must be done in order" - the Universal Law of Sowing and Reaping -
"when you give, you shall receive." This follows God's Law of
Reciprocity. "Give and it shall be given unto you." 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.

Q. Who can participate?

A. As stated above, this is a private sharing group, 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.

If you would like to watch a movie, hear some testimonials from
everyday people making their dreams a reality go to my website
for all the exciting details.

Author's Bio: 

The author, Herb Daly jr. has been in Sales and marketing for
over 30 years, a professional forex trader, and home-based
business enthusiast. If Cash-flow is your objective you can
reach me between the hours of 10am-10pm Est. 781-925-3734
Or visit my site: www.CashisKingSite.com