For participants that are receiving required minimum distributions, we send an election form to the participant to elect if they would like taxes withheld from the distribution and if so how much.

If the participant fails to return the form, how should the taxes be handled? Is it 10%, nothing or is it to be handled as if a periodic payment subject to the standard income tax tables?

Thank you.

Not an eligible rollover distribution, so not subject to the 20%. Subject to the 10% if they don't elect out. Participant must be given notice of their right to elect out.