[Michlib-l] Friends Bank Accounts

Our friends group had a large fundraiser this summer and has a significant balance in their non-interest bearing checking account. One of the members had suggested opening a short term CD to earn interest. Our Friends President is concerned about what happens once the account earns interest and the bank generates a 1099INT. Our friends group is not a 501C3 and is worried about then filing a tax return at the end of the year. Something that we had never thought of before, just curious what other groups do. Thanks! Amy