Are gifting programs legal in the U.S?
Do you have to claim wages that were paid under the table to the IRS?
What are the qualifications to be considered to be legally blind?
What is considered to be the legal adult age when you are pregnant?
What is the etiquette around gifting money?
What is the legal IRS mileage allowance?
Where do I find the IRS stimulus check application form?
legal money
Question by wahoo (28)
Answer by y3636363 (1380)
Yes but it's not really a gift you'd have to declare all of those programs and most likely get taxed by them.
Answer by tamarawilhite (17883)
No. No cash gifting programs are legal. They are all classified as a ponzi scheme or pyramid scheme by the Internal Revenue Service.
Answer by JohnHolmes (2660)
The IRS will usually allow a one time gift to a spouse for an amount up to $50,000 but you should check with your local IRS office to confirm.
Answer by wcmcduffie (115)
Cash gifting programs can be very lucrative if implemented correctly. Most all forms of cash gifting are already legal according to the IRS.
Security code is wrong! Please try again!
