Accountants and CPA: please help with my one question.?
1. Is there anything else I need to tell IRS?
2. Also, let's say I recieve the money in May/2014. Do I have to notify the IRS May 2014 or when I do 2014 taxes in Jan/2015?
3. Do I actually have to notify the IRS at all? If I do, what paper works should I prepare?