September 23, 2008
Cash gifting programs and the I.R.S.
This is one of the best videos I've seen about cash gifting programs and the I.R.S.
You see when cash gifting program promoters interview the I.R.S. they ask questions that don't really address the right issues.
This person does an amazing job setting up the proper context for the questions he asks and then proceeds to ask all of the right questions.
He also makes a great distinction between "taxable income" and "legal income". The I.R.S.' job isn't to determine if income you generate is legal – the I.R.S.' job is to determine if it's taxable.
Here's the vid:
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