<prompt> Human: My dad is having financial difficulties. He had me open a square account to run credit card transactions through. He has a family friend who will loan him credit by using the persons credit card to convert to cash by way of Square.So what happens is:-He tells me to run the persons card for 2500-I wire him the money once it hits my bank account-Before the end of the credit card period, he pays the person backI know this affects my tax reporting. I report this all as income through an LLC I opened. Nothing goes unreported and I pay taxes on all of it. He states he will pay the tax burden this causes.What else should I be concerned about? Is there anything illegal about this?  <response>: What else should I be concerned about?Your dad not paying the family friend back. If that happens, the guy could do a chargeback and you would be out the money because the account is in your name.EDIT: More to the point, think about what got your dad into this position. If hes in a financial place where this is his only option, you probably dont want him near your own finances. Assuming his financial behavior stays the same, its likely that hell ask you to do similar things in the future. Search this forum and youll come up with hundreds of stories of parents who tanked their kids finances doing shady things like this. Protect yourself and learn to say no. 