A series of molecules related to malonaldehyde, containing an intramolecular H-bond, are used as the testbed for a variety of levels of ab initio calculation. Of particular interest are the excitation energies of the first set of valence excited states, n pi* and pi pi*, both singlet and triplet, as well as the energetics of proton transfer in each state. Taking coupled cluster results as a point of reference, configuration interaction-singles-second-order Moller-Plesset (CIS-MP2) excitation energies are too large, as are CIS to a lesser extent, although these approaches successfully reproduce the order of the various states. The same may be said of complete active space self-consistent-field (CASSCF), which is surprisingly sensitive to the particular choice of orbitals included in the active space. Complete active space-second-order perturbation theory (CASPT2) excitation energies are rather close to coupled cluster singles and doubles (CCSD), as are density functional theory (DFT) values. CASSCF proton transfer barriers are large overestimates; the same is true of CIS to a lesser extent. MP2, CASPT2, and DFT barriers are closer to coupled cluster results, although yielding slight underestimates.