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

Notice 2011–40, page 806. Renewable electricity production, refined coal produc- tion, and Indian coal production; calendar year 2011 inflation adjustment factors and reference prices. This notice announces the calendar year 2011 inflation adjustment factors and reference prices for the renewable electricity production credit, refined coal production credit, and Indian coal production credit under section 45 of the Code.

Rev. Proc. 2011–32, page 835. 2012 inflation adjusted amounts for Health Savings Ac- counts. This procedure provides the 2012 inflation adjusted amounts for Health Savings Accounts (HSAs) under section 223 of the Code.

ADMINISTRATIVE

Rev. Proc. 2011–31, page 808. Publication 4810, Specifications for Filing Form 8955–SSA, Registration Statement Identifying Separated Participants with Deferred Vested Benefits, Electronically, contains information to file Form 8955–SSA through the IRS FIRE (Filing Information Returns Electronically) system.

Announcement 2011–31, page 836. This document contains a correction to final regulations (T.D. 9518, 2011–17 I.R.B. 710) providing guidance to specified tax return preparers who prepare and file individual income tax returns using magnetic media under section 6011(e)(3) of the Code.

Finding Lists begin on page ii. Index for January through May begins on page v.