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.

EXEMPT ORGANIZATIONS

Rev. Proc. 2012–11, page 368. This procedure sets forth procedures for issuing determination letters and rulings on the exempt status of qualified nonprofit health insurance issuers described in section 501(c)(29) of the Code.

ADMINISTRATIVE

Rev. Proc. 2012–15, page 369. This procedure updates Rev. Proc. 2011–13, 2011–3 I.R.B. 318, and identifies circumstances under which the disclosure on a taxpayer’s income tax return with respect to an item or a position is adequate for the purpose of reducing the understatement of income tax under section 6662(d) of the Code and the purpose of avoiding the tax return preparer penalty under section 6694(a).

Announcement 2012–9, page 377. This document contains a correction to Announcement 2011–63, 2011–41 I.R.B. 503, which contained an incorrect name in the Deletions From Cumulative List of Organizations Contributions to Which are Deductible Under Section 170 of the Code.

Announcements of Disbarments and Suspensions begin on page 373. Finding Lists begin on page ii.