HIGHLIGHTS OF THIS ISSUE

These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.

INCOME TAX

Rev. Proc. 2011–11, page 329. Maximum vehicle values. This procedure provides the maximum vehicle values for use with the special valuation rules under regulations sections 1.61–21(d) and (e). These values are adjusted for inflation and must be adjusted annually by reference to the Consumer Price Index.

Rev. Proc. 2011–14, page 330. This document provides current procedures for obtaining automatic consent for a change in method of accounting as described in its APPENDIX. The document also modifies the procedures for requesting and obtaining non-automatic advance consent for a change in method of accounting. Rev. Proc. 97–27 clarified and modified. Rev. Procs. 2001–10, 2002–28, 2004–34, and 2006–56 modified. Rev. Procs. 2008–52 and 2009–39 superseded, in part.

EMPLOYEE PLANS

Rev. Rul. 2011–3, page 326. 2011 covered compensation tables; permitted disparity. The covered compensation tables under section 401 of the Code for the year 2011 are provided for use in determining contributions to defined benefit plans and permitted disparity.

ADMINISTRATIVE

Rev. Proc. 2011–11, page 329. Maximum vehicle values. This procedure provides the maximum vehicle values for use with the special valuation rules under regulations sections 1.61–21(d) and (e). These values are

Announcements of Disbarments and Suspensions begin on page 424. Finding Lists begin on page ii.