> "Arthur Kamlet" wrote:
>>> I seriously doubt the IRA custodian will withhold more than
>>> 25% as taxes, but 25% is better than none.
>> Thanks for the reply (which I read as affirmative, assuming
>> that the custodian will honor the withholding request).
>>
>> FWIW, my father used to have 100% of a petty pension
>> distribution withheld. More on point, Fidelity's IRA
>> withdrawal form instructs you to specify for fed withholding
>> a whole number percentage between 10 and 99. So it seems
>> they won't withhold the whole withdrawal, but they're
>> willing to come darn close.
>>
>>
formatting link
IRA Withdrawal>> Request Instr. and Form)
> OK - if they will w/h 99% hen go for it.
>
> T`he IRS e-file standards (Pub 1345a) will not allow you to e-file
> when 50% or more of your gross Form 1099 distribution is withheld
> as taxes. Not a big deal, just a nasty surprise if you were
> hoping to e-file.
> `he IRS e-file standards (Pub 1345a) will not allow you to e-file
> when 50% or more of your gross Form 1099 distribution is withheld
> as taxes. Not a big deal, just a nasty surprise if you were
> hoping to e-file.
It would follow that anyone using this method to pay the least amount of taxes in advance would delay paying the remainder until April 15 and therefor probably not be concerned that he was unable to e-file to hasten a refund ed
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