Frequently
Asked Questions
Questions
About Cash Gifting
What is private gifting?
Private gifting is a concept that is embraced by a
private group of individuals and has been in existence for many years.
Our private activity does not involve network marketing, multi-level
marketing, or a 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, Section 2502-2504 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.
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. 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 race and/or
culture on a regular basis to 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.
How does the gifting activity work?
Individuals share using a basic concept that
“All things must be done in order” and follow 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 advantag3 over new
participants.
Who can participate?
As stated above, this is a private sharing group,
and is offered only through an exclusive invitation to individuals over
18 years of age. You are invited to learn more about our activity and
become part of something extraordinary.
Is this a company?
There is no company—we are a team of
individuals, and we give to one another and other teammates. We are not
a business or an investment. No company can withhold or misplace our
gift. We are totally in charge of our own gifts and gift directly on to
another and work for the betterment of the team.
How can you give to a stranger?
How many times have you given to United Way, the
Salvation Army and other charities? You don’t know who got
the gift, what stranger. The only difference here is that this person
will start out as a stranger, but you will get to know them as part of
the team, work with them and perhaps develop new friendships. We all
have met some of the most wonderful people and have made a lot of new
friends across the country and the world. These people are giving, they
like team dynamics—they are people we want to meet and
befriend.
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. Everyone gives the same gifts, works
together in team dynamics and receives the same gift. In a pyramid,
only those at the top get the profit while those at the bottom never
reach the top. In a pyramid, people can and have lost their money. 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.
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.
Do I have to share this with family and friends?
No. Our club here at My Viral CashFlow System
directs you to the resources of like-minded individuals that want to
change their lives with this activity.
Can I do this part-time?
Yes. Many people work this activity around their
existing schedule. It’s a matter of setting priorities and
fitting this into the nooks and crannies of your current lifestyle.
Do I have to be a salesperson to do this program?
No. There is no selling, no solicitation, no
pressure and no coercion. It is simply a matter of sharing what is in
your heart, of sharing your own reasons for becoming a participant, and
your own experiences. We will answer questions for your guests;
therefore you don’t have to do any explaining.
Is it legal?
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.
Will all the cash generated be tax-free?
You will need to check with the specific gifting
laws in your own country, but to be on the safe side, we would always
advise you to declare the gifts you receive in your annual tax return.
I live outside the US. Will My Viral CashFlow
System work for me in my own country?
Sure it will. My Viral CashFlow System is a global
program with many members all around the world. Different currencies
are never a problem because you can request cash gifts to be sent to
you in your own local currency or request in money order. No matter
where you are, My Viral CashFlow System members can start having
regular cash gifts delivered direct to their door by overnight courier.
Can I join at any level to begin?
Yes you can. There are 5 levels. $500, 1,000.
2,500, 5,000, and 10,000. Whatever level you join at, you are also
confirmed in the lower levels below. If you are upgrading, you are
gifting the difference in the upgraded levels. For instance, if you are
at the $5,000 level and wish to upgrade to the $10,000 level, you will
only need to forward $5,000, which is the difference between the two
levels, to the appropriate party.
Is this structure considered a board or a matrix?
No. No, My Viral CashFlow System uses the
Revolutionary Reverse 1/2 –Up System. This structure allows
its participants to get mathematically superior structure.
How do I get started in this activity?
Get back with the member who invited you or simply
revisit their My Viral Cashflow System website and sign in under the
“Free Trial.” Once you sign up using your personal
information that is required and set up your unique username and
password, you will be forwarded to the back office where you can choose
the levels you wish to join. It is that simple.
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