I read many protocols that use formaldehide and not, but for RIP and I am not sure for two principal reason. One is that protein that is attached to DNA can be lost in centrifugal step if your cells are fixed, but in other hand, some recommend sonication, but sonication can degrade your RNA. So, for RIP of protein attached to DNA (or chromatin) it is better crosslink cells or not, and then, sonicate or not??
I have read protocols from Magna-RIP (Millipore), Active Motif, papers...