Originally Posted by
Djlawman
FYI --
You mention money received from relatives. Unless that is money received for services you rendered, gifts received from relatives are generally not taxable income. (But they generally are also not income that you can claim you have in order to qualify for credit from a bank or financial institution).
It depends entirely on the bank whether they consider that income, they just might - I was told by my bank (Wells Fargo) that the tuition, room and board I pay for my son's college would be considered income for HIM if he applies for a credit card through them. And no, this wasn't with me co-signing.
Also to the OP, I wouldn't worry at this point about the IRS, everybody and his brother at some point or another under reports income if they can figure out a way to do it. Wait until they come to you (highly unlikely at your income level) - at that point you can answer their questions.