cashgiftingnerd
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Joined: 1 Feb 2009
Posts: 4
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# Posted: 3 Feb 2009 04:54 · Edited by: cashgiftingnerd
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Very interesting reply Warranties4less,
You are right that reporting all the cash you receive to the IRS, but you should always REMEMBER that gifting money through mail/ via courier is a far bigger risk to take for any individual. For example: Lets say you are successful in your cash gifting venture and you are receiving boatloads of cash at your door step . . . Mmmmmm. This would logically mean that the Fedex guy would stop by at your house (with the FEDEX van by the way). Don't you think people will become aware of this van that stops by at a person's house so frequently? Don't you think that THE WRONG PEOPLE could get sniff in the nose that you are receiving money at your house very often? What do you think will happen?
You see: this is not just ONLY about the fact whether it would be legal or illegal to receive cash through courier, but weighing up the consequences. Your life could literally be at stake.
WARRANTIES4LESS: Where is the law that says receiving cash is illegal according to your information?
Who said anything about sending CASH through mail. I specifically talked about GIFTING cash as a Cash Gifter, and not SENDING cash as an individual.
To just back up that what I have said on earlier: GIFTING money through mail is not supported by USPS. SENDING money is, and yes. You can send money of large sums to someone else through the mail. Get that?
GIFTING money and SENDING money, is two different things here. Sending money through mail, a person would be doing very very seldom. Gifting is seen by USPS that you are "engaged in conducting a lottery, gift enterprise, or scheme for the distribution of money". This is NOT ACCEPTABLE and upon suspect of this, the money will be send back to the sender. Here is the link to back up on what I am talking about, right here: Sending money through mail/via courier as a Cash Gifter is not alright.
Upon suspect of someone who do this very often . . . You can simply be reported to the authorities by USPS. As simple as that.
If it would have been legal to send GIFTS through the mail/ via courier, people would have definitely not hide it in magazines. Hiding money in magazines should already put sniff in ones nose of a fraudulent smell.
And lastly, I am not trying to make any cash gifting program better here. If you have not noticed, I am not mentioning ANY cash gifting program in my previous post. So how can you say I am trying to make my cash gifting program "more legal" by saying that the cash gifts are received through Alertpay? You have obviously visited my lens about the program I promote, trough the link at the bottom of my post, yes. But even there I only refer to it HOW MUCH SAFER it is to gift through an online processor versus gifting money through mail.
Any logic person that can think a bit harder, will realize that it would be very NOT NORMAL to receive thousands upon thousands of money NOT IN A BANK. Why shouldn't you be getting it in a bank? What is the safest option and why does a gifting program not support the safest option to the benefit of its members? Are these cash gifting programs complying to what the Law asks of them?
Logic thinking people are not dumb, Sir.
[Post edited. Bold removed - Admin]
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 212
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# Posted: 3 Feb 2009 10:56 · Edited by: WARRANTIES4LESS
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Sorry,
Cash is cash in mail or by FedEx as gift or payment for goods and services, USPS does not ask what the cash you are sending is for, it makes no difference, so I don't know how you would make a distinction between what the cash is for when insuring it is only question, and this is capped at $25,000.00? You must insure it if you want the protection, so you are declaring value, again, nothing is asked about what the cash is for on insurance form.
As to the FedEx truck coming every day, I live in rural area, and I already get FedEx deliveries a couple times a week in my traditional businesses, so I don't see this as unusual. Again, insuring cash is what it is all about, not how many deliveries I receive a week. Are you saying FedEx man may be robbed if he comes to my house to often? Sorry, I just don't see your reasoning.
You mention putting cash in magazine, and yes, many recommend it, but is this illegal to in your opinion? What is normal or not is not in question, the only thing that is in question is whether sending cash, gifts or otherwise is illegal, which you seem to thing it is? You seem to think hiding in a magazine make cash illegal, so again, where are you getting this from, your sponsor?
Simply put, sending cash, no matter what it is for is not illegal, gifting is not illegal, just make sure you report it to I.R.S. and you are allowed to accept up to $12,000.00 per year without reporting it, anything over that, you do. You say sending cash gift is not alright? So I am open to learning, what is not alright with it, the magazine?
And as to safety which now seems to be your point, I guess you have not been around long enough to see a dozen online money exchanges go bust along with our money. Speaking of which, Paypal is about as unsecure as you can get. They can seize your funds for 180 days plus whenever they feel like it, did you know that? I can't even count all the exchange deals which are gone over past five years, or worse, set up to rip people off to begin with. What about all the hacking that goes on to peoples accounts, so are you really saying this is safer than USPS or FedEx insured?
I don't think so, but then again, this comes with years of experience using both, and as most know, USPS looses far more than FedEx ever has, so take your choice, I prefer FedEx, you prefer AlertPay, so lets leave it at that, but don't say sending cash is illegal no matter what it is for or who it is from, this is wrong.
Again, you are speaking through your sponsor, for you certainly did not research all these subjects yourself before offering your opinon. If you had, you wouldn't have posted as you did. I am open to learning, as you should be, but do your own research, don't rely on me or your sponsor, do your own due diligence.
FedEx is the safest means of transferring cash and valuables, has been for years, and never trust an online exchange, just look at eGold which gov. has actually been running for years now. I had a fraudulent chargeback on my Paypal which was over a year old, and they took my money pending bank decision, so this is safe?
Logics indeed, so I wonder how many people have had their online exchange sites hacked verses those who lost valuable documents via FedEx? Would you like to apply your logics to that question?
Success to all,
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