Answer:
An IRA Withdrawal Statement is a vendor produced, not government produced form. As we do not know what it says, we do not know when its use is necessary. Consult with your vendor.
The customer's responsibility to withdraw the RMD is not conditioned on signing a form. The specific RMD amount can be calculated and distributed subject to backup withholding without any written directions being received by the account holder. Written elections are most valuable when the customer wants to take an amount other than the RMD or wants to elect against backup withholding.
First published on BankersOnline.com 1/17/11
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