Here is a link to the IRS Notice regarding the suspension of 2009 RMDs: [url=http://www.irs.gov/pub/irs-drop/n-09-09.pdf]IRS Notice 2009-9[/url]

A few things to note:

– 2008 5498s should NOT have a check in Box 11. However, due to how late in the year the legislation was passed and signed into law any 5498s issued with a check in Box 11 will not be considered incorrect provided that the IRA owner is notified by no later than March 31st 2009 that no RMD is required for 2009

– RMD notices are not required for 2009.

– If an RMD statement is sent by the FI either voluntarily or at an IRA owner’s request to calculate the 2009 RMD the amount must be shown as 0 (zero).

– A notice may be sent showing what the 2009 RMD would have been but must include an explanation of the 2009 waiver.

– FI’s are [b]encouraged[/b] to inform IRA owners who delayed taking their first RMD until April 1,2009 that they will still be required to take their 2008 RMD.