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A notice of withdrawal is a notice a depositor gives their bank that they will be withdrawing funds from their account. Banks require notice of withdrawals for time deposits, negotiable orders of withdrawals (NOWs), and sometimes for savings accounts.This Notice of Withdrawal is to be completed if you tendered Preferred Shares of the Fund in connection with the Offer and wish to withdraw shares tendered. A withdrawal of notice of federal tax lien assures that the IRS is not competing with other creditors for your property. The primary purpose of this form is to apply for withdrawal of a notice of federal tax lien. Click Here for Full Page View Visits: 3451. CHRISTINE: You will need Form 12277 called Application for Withdrawal of Filed Notice of Federal Tax Lien. The form is two pages long. IMPORTANT NOTICE - This is a request to withdraw your application. If we approve it, the decision we made on your application will have no legal effect.