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Date / Time / Location

Friday, December 7, 2018
8:30 AM - 4:30 PM
Registration: 8:00 AM

APA Hotel Woodbridge120 Wood Avenue South
Iselin, NJ 08830

CPE Credits

  • 8.00 CPE Credits in TX


  • $279.00 - Member
  • $379.00 - Non Member

Course Developer

Schedule K-1 has evolved into the universal correspondent of tax information to business owners. Through practical case studies, take a deeper look into the vastness of Schedule K-1. The seminar will be advantageous to those who prepare complicated federal individual income tax returns, and for those who prepare the underlying Schedules K-1 for pass-through entities.

Designed For

Experienced CPAs seeking an in-depth study of these ubiquitous tax schedules.


  • Understand complicated issues of S corporation and LLC Schedule K-1 reporting issues
  • Complete a comprehensive problem related to “at-risk” recapture
  • Be familiar with common and not-so-common Schedule K-1 issues


    • Review of Forms 1065 and 1120S Schedules K-1
    • Special allocation issues of §704
    • Determining substantiality
    • Advanced case for tracking a multitude of Schedule K-1 line items through Form 6251
    • Case study finding “at-risk” hidden gains within Schedule K-1
    • Self-employment taxable income
    • Partners’ capital accounts and method of maintaining them
    • When sales of depreciable property are not reported on Form 4797
    • Proper allocation of recourse and non-recourse liabilities
    • Finding hidden gains within partnership/LLC and S corporation Schedule K-1
    • The options taxpayers have if they receive a Schedule K-1 that includes an error

    Course Level



    Basic knowledge of federal taxation.

    Advance Preparation


    Additional Notes

    NJCPA Goes Green - Registrants Save $20
    New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received.
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    John Kilroy

    John Kilroy, CPA, CFP

    John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting. John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics. John has been quoted in the Wall Street Journal,, and He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.

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    Pre-Registration Closed

    Online pre-registration for this event is now closed.