<prompt> Human: Hi allHeres the situation. A friend of mine is going through some financial hardships after the close of his company and asked me for some help. With the close of the company he was given a settlement in the amount of 5,000 dollars. Due to extenuating circumstances he doesnt have a bank account or an address to mail a check to. He asked me if he could use my account as a place for the funds to be deposited to. Now, its an old account with almost nothing in it so I said sure and gave him my account info. The money should be deposited any day now. With that being said I have a few questions.1 Will I have to pay taxes on this money and if so how do I go about paying them?2 Im a student on financial aid and I currently make approx. 16K a year working part time. Will this affect my eligibility? 3 Was this a bad idea? Ive been having some second thoughts but at this point the payer already has my account info and will be depositing shortly.Thanks in advance for any advice. Im new at this and all info is appreciated!Edit: Im in California if that matters.Assistant: What are the extenuating circumstances? It sounds like hes trying to hide money from the court, which would be illegal.Human: The extenuating circumstances are that he doesnt have a bank account and he doesnt trust anybody else I guess. Havent really probed for info. I had no idea that it could be illegal. Should I tell him no?Assistant: Id find out what the details are for sure. It could be entirely benign, like hes in between apartments and doesnt bank.Human: Well from my understanding he was operating an LLC in California. He went to jail for multiple DUI and when he came out the contracts he was servicing were pulled. It was an ugly ordeal and they agreed to settle with him for 90,000 dollars. 85K was going to somebody elses bank account and 5K will be coming to mine. I believe he will or has filed for personal bankruptcy and his credit score is in the toilet. As Im typing this out and reading it back it doesnt sound good. So should I tell him no? Could I be facing legal repercussions if the deposit is made? Freaking out a little now.  <response>: That scenario sounds like hes trying to reduce his cash-on-hand so that when the bankruptcy court trustee looks at his finances he has to disclose everything in his personal BK filing he will appear to have less money than he actually does i.e. the 5K. Hell also have to report his interest in the LLC at minimum a PL statement which may will? lead to the US BK attorney learning about the 90K settlement. Theyll be interested to know where that money went and will ask him about it at his hearing. If he demurs, or worse, lies about it he could face fines andor imprisonment.Personally, I would steer clear of this. 