What is the provision of the IRC that specifically speaks to required minimum distributions and how they are calculated?

ANSWER

The BIDaWIZ Team's Answer:

Please see IRC Section 401(a)(9) for guidance on required minimum distributions. Generally, a RMD is calculated for each account by dividing the prior December 31 balance of that IRA or retirement plan account by a life expectancy factor that IRS publishes in the tables in IRS Publication 590 - Appendix C.