I have a friend from Mexico that asked me to buy flight tickets for him. Its about 2,000 dollars, and he's going to give me the money in cash so I can deposit it in my account and pay my credit card.
Also I've done this a couple times where I go out to a club with a bunch of friends from Mexico and I pay the tab for everybody and they pay me cash. Then I deposit that money into my account so my credit card gets paid. Sometimes the tab goes up to a couple thousand.
Could this turn on a red light for the IRS for me making deposits into my account and not declaring them as income?
It's not really income since I'm only getting paid back but for the IRS it could look like it is.