That pretty much sums up how it was explained to me.
>If I got this right, $100 per month is what you need to report to IRS, regardless of whether you got all $1200 at once. If you report quarterly, you should say $300 each quarter and simply pretend that the rest is hanging beyond your reach. Correct?
Craig Berntson
MCSD, Microsoft .Net MVP, Grape City Community Influencer