Your solutions depends on the tax basis that you file your taxes on. If you are on an accrual basis, the deferred revenue account is correct and you would recognize 1/12 per month.
If you are on the cash basis for tax purposes, you could still recognize monthly income using the deferred revenue account, but at the end of the year, you would need to zero out the balance in deferred revenue and recognize as income since you received the cash. You would then reverse your entry on 1/1 and start over.