P.S. Isn't there a  $600 exclusion for reporting on bartering? I need to look into that.

Clarification on the tax issue from a US tax attorney.

http://www.reddit.com/r/Bitcoin/comments/21una0/i_am_a_tax_attorney_here_is_the_truth_about_1099s/

Thought it could be valuable since some of the posters here seem to have it slightly wrong.