ihmjack4
New Member

If I deposit $40,000 into my bank account and pay off all 40,000 dollars credit card debt within 1-2 weeks do you think that may trigger any IRS audits? Thanks

I have about 40,000 dollars in credit card debt, I have the all the cash to pay off my debt now. my question is, If I pay off all 40,000 dollars debt within 1-2 weeks do you think that may trigger any IRS audits? Or should I pay it off over several months, but I will pay alot of extra interest charges, if I wait that long. Also, if you deposit 40,000 into my bank account within 1-2 weeks may that trigger IRS audits? Advice would be thankful!