thank all of you for your advices! another question, lets say if you have a bunch of capital one credit cards, instead of depositing cash into your bank account, you instead just go to capital one bank locations and walk-in and hand them the cash and your credit card and tell them I want to pay off my outstanding debt balances, if you do it that way you DO NOT need to deposit cash into your bank account to pay off your debt. If I do it like that, will I avoid IRS reportings by not depositing cash to my bank account? advice would be very thankful!
