RP Tax Service | Tax Preparation & Planning

Strategic Services

Advisory built for your
whole financial picture.

Tax Planning & Strategy

Entity Structuring

S-Corp Optimization

Real Estate Tax Strategy

Crypto & Investments

Bookkeeping & Payroll

Retirement Planning

IRS Resolution

📊

Tax Planning & Strategy

Proactive, year-round planning that positions you before opportunities close. We analyze your current situation, model future scenarios, and create a clear roadmap to legally minimize your tax burden.

Year-round advisory sessions

Quarterly tax projections

Income timing strategies

Deduction maximization

Multi-year planning models

Business expense strategy

Discuss Tax Planning

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Entity Structuring

The right business structure is one of the highest-leverage decisions you can make. We help you build, restructure, or optimize the legal entity that best protects your assets and minimizes tax exposure.

LLC vs S-Corp analysis

Multi-entity strategy

Holding company structures

Operating agreement review

State tax optimization

Asset protection planning

Discuss Entity Structure

⚙️

S-Corp Optimization

Converting to an S-Corp at the right time can save self-employed professionals thousands annually by reducing self-employment tax. We handle the analysis, election, setup, and ongoing management.

SE tax savings analysis

Reasonable salary guidance

Distribution strategy

Payroll setup & management

Election timing strategy

Ongoing compliance

Explore S-Corp Savings

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Real Estate Tax Strategy

Real estate offers some of the most powerful tax advantages in the code. We help investors structure portfolios, use depreciation aggressively, and protect gains through intelligent planning.

Cost segregation studies

Bonus depreciation strategy

Short-term rental exception

1031 exchange planning

Real estate professional status

Passive loss optimization

Discuss Real Estate Strategy

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Crypto & Investments

Buying and selling cryptocurrencies, stocks, and other investments are taxable events. Our team helps you navigate crypto tax implications and reduce your bill with intelligent planning.

Cryptocurrency reporting

Cost basis tracking

Capital gains strategy

Wash-sale rule guidance

Harvest losses strategically

DeFi & NFT tax treatment

Discuss Crypto Taxes

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Bookkeeping & Payroll

Accurate, strategic bookkeeping is the foundation of good tax planning. We provide clean, audit-ready records and payroll services designed to support your overall advisory strategy.

Monthly bookkeeping

Strategic chart of accounts

Payroll processing

Accountable plan setup

Financial statement prep

Audit-ready records

Get Bookkeeping Help

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Retirement Planning

Business owners have access to some of the most powerful tax-advantaged retirement vehicles available. We help you identify the right accounts and use retirement planning as an active tax reduction tool.

Solo 401(k) strategy

SEP-IRA optimization

Defined benefit plans

Roth conversion strategy

Employer contribution planning

Contribution timing

Plan Retirement Strategy

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IRS Resolution

Receiving IRS correspondence is stressful. We handle communication on your behalf, negotiate settlements, resolve back taxes, and create payment plans — so you can focus on your business.

Offer in Compromise

Installment agreements

Audit representation

Penalty abatement

Innocent spouse relief

Wage garnishment release

Get IRS Help Now

Tax Strategy Insights

Knowledge that puts
money back in your pocket.

Real strategies used by smart business owners. Actionable insight, not theory.

Entity & Structure

LLC vs. S-Corp: Which Saves More?

The right entity isn't about simplicity — it's about math. We break down when the S-Corp election actually makes sense and when it costs more than it saves.

Read the Strategy →

Deductions

The Augusta Rule: Rent Your Home Tax-Free

Section 280A lets you rent your home to your business for up to 14 days per year — completely tax-free. Here's how to do it correctly.

Read the Strategy →

Real Estate

Cost Segregation: Accelerate Your Depreciation

A cost segregation study reclassifies building components to depreciate them faster — unlocking major deductions in year one instead of over 39 years.

Read the Strategy →

Deductions

Vehicle Deductions: Section 179 vs Bonus Depreciation

We explain which approach saves the most based on your vehicle type, business use percentage, and income level.

Read the Strategy →

Advanced Strategy

Hiring Your Children: The Family Payroll Strategy

If you have a business and children, this is one of the most overlooked planning tools available. Move income to lower brackets while funding their future.

Read the Strategy →

Crypto & Investments

Crypto Tax: What Every Holder Must Know

Every trade, swap, and spend is a taxable event. We break down how to track your cost basis correctly and reduce your capital gains exposure legally.

Read the Strategy →

$14kavg. savings

Featured Strategy

The Accountable Plan: Tax-Free Reimbursements

An accountable plan lets your S-Corp reimburse you for business expenses paid personally — completely tax-free. No income tax. No payroll tax. When structured correctly, this one tool alone can recover thousands annually that were previously lost.

Get This Set Up →

Collectibles & Tax Strategy

The collector's edge:
tax strategy for what you love.

Our partner is a serious collector and dealer of trading cards, Pokémon, One Piece, Disney, and other premium collectibles. That means we don't just understand the hobby — we understand the business of collectibles and exactly how the IRS treats it.

🃏

Trading Cards & Pokémon

Whether you're buying sealed product, flipping singles, or running a resale operation — we know the distinction between hobby income and business income, and how to structure it correctly.

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One Piece & Anime TCG

The graded card and anime collectibles market has exploded. We help collectors and resellers understand cost basis, holding periods, and when short-term vs long-term capital gains rates apply.

✨

Disney & Premium Collectibles

From pins to art to limited releases — premium collectibles are tangible assets. We help you navigate sales tax, consignment income, and the tax implications of selling through platforms like eBay and TCGPlayer.

We speak
collector fluently.

Most accountants treat collectibles like any other asset. We treat them like what they are — a passionate market with unique tax rules, platform income, inventory management considerations, and real money on the line.

Whether you're a casual collector, a serious grader, or a full-time dealer — we can help you keep more of your profits.

Pokémon TCG One Piece Disney Collectibles Magic: The Gathering Graded Cards Sports Cards eBay Sellers TCGPlayer

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Hobby vs. Business Income

The IRS distinction between hobby income and business income changes everything. We help you qualify as a business — so your expenses are deductible.

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Cost Basis & Capital Gains

Know exactly what you paid for every card and collection. Proper cost basis tracking is the foundation of minimizing capital gains when you sell.

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Platform Income & 1099-Ks

eBay, TCGPlayer, StockX, and PayPal now issue 1099-Ks at lower thresholds. We help you reconcile these and avoid overpaying.

Schedule a Collectibles Strategy Session →

Client Portal

Modern tools.
Organized workflows.
Nothing falls through.

We use TaxDome — a secure, professional client portal — so working with us is organized, efficient, and fully transparent. No chasing emails. No lost documents.

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Secure Document Portal

Upload, receive, and sign documents in one encrypted, organized location. Bank-level security.

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E-Signatures & Digital Workflows

Sign returns, authorization forms, and engagement letters digitally — no printing required.

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Year-Round Access

Your documents and communication history are always accessible, not just during tax season.

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Progress Tracking

Always know exactly where your return or project stands with real-time status updates.

Access Client Portal →

RP Tax Service · Client Portal

Johnson Consulting LLC

S-Corp · Q4 Advisory Session Scheduled

Document Center

📄2023 Federal ReturnComplete

📋Q3 Tax ProjectionsDelivered

✍️S-Corp Election — 2024In Review

📤Q4 Business DocumentsAction Needed

📅Dec 15 Strategy SessionScheduled

Advisor NoteBased on Q3 revenue, consider accelerating equipment purchase before Dec 31 — Section 179 opportunity of ~$14,200 still available for this year.

Client Reviews

Real clients.
Real results.

See what Honolulu and beyond are saying about RP Tax Service on Google and Yelp.

Google Reviews

RP Tax Service

4.6

★★★★★

144 reviews

Liko Dowling

April 30, 2026

★★★★★

"Hassle free tax service. Robert makes my tax stress go away. He is very knowledgeable and professional. Highly recommend!"

Read full review →

Junko Tia

April 18, 2026

★★★★★

"Robert and his family run business is a class act. They have been doing my taxes for years and I would not go anywhere else. Very professional and thorough."

Read full review →

A.J. Gieringer

April 16, 2026

★★★★★

"Excellent service. Quick, professional, and easy to work with. Will definitely be back next year."

Read full review →

144 reviews · 4.6 average Read All Google Reviews →

Yelp

Yelp Reviews

RP Tax Service

4.5

★★★★½

136 reviews

Ted L.

April 14, 2026

★★★★★

"I called RP on Monday, March 23, 2026 to ask for them to do my taxes. They were incredibly responsive and got everything done quickly and accurately."

Read full review →

Robert B.

February 4, 2026

★★★★★

"Aloha All, As always, I had another great experience doing my taxes here. The team is warm, knowledgeable, and always makes the process feel effortless."

Read full review →

Patricia S.

March 29, 2025

★★★★★

"This is Jacob Siaosi, the professional accountant who assisted me. He was thorough, patient, and explained everything clearly. Couldn't be happier with the service."

Read full review →

136 reviews · 4.5 average Read All Yelp Reviews →

Client Portal

Your documents.
Your taxes.
All in one place.

As times are progressing, so are we. Many of our mainland and overseas clients work with us entirely online through our secure TaxDome portal — no office visit required.

● Currently Accepting New Clients

Returning clients: log into your active portal account and upload your documents directly. New clients: fill out our application and we'll send you a link to get started — choose your login, upload your documents, and you're set.

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Secure Document Upload

Upload all your tax documents from the comfort of your home. Encrypted, organized, and always accessible.

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E-Signatures

Sign returns and authorization forms digitally — no printing, no scanning, no office trips required.

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Direct Communication

Message your advisor directly through the portal. All communication stays organized in one place.

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Year-Round Access

Your entire history — returns, documents, notes — available any time, not just tax season.

Having trouble with your portal account?

Call our office at 808-946-7297 and we'll assist you with accessing your account right away.

Call Us Now

Client Portal Login

Secure · Powered by TaxDome

Email Address Password

new client?

Forgot password? Need help? Call us

🔒 Secured by TaxDome Bank-level encryption · E-signatures · Year-round access

The IRS requires you to keep records that support amounts claimed on your return. Generally, keep records for the 3 most recent years of tax filings. Certain situations (unreported income, fraud) may require longer retention.

You can sell your personal residence and make a tax-free profit of up to $250,000 if single or $500,000 for married couples. To qualify, you must have lived in the property for at least two of the last five years before the sale.

Self-employed individuals must pay Estimated Quarterly Payments to the IRS and State on time to avoid penalties. Use eftps.gov for federal IRS payments and ftb.ca.gov for California state payments. We can help you calculate the right amounts each quarter.

It depends on your goals. There are four common taxpayer types:

The Owing Taxpayer — prefers to keep every dollar working during the year and owes at year-end.
The Break-Even Taxpayer — aims for $0 owed and $0 refund. Financial experts generally recommend this.
The Buffer Taxpayer — doesn't want to write a check at tax time, but is fine with any refund outcome.
The Big Refund Taxpayer — uses the refund as a forced savings account for larger purchases.

None of these is wrong — but our tax professionals can help you get to whichever outcome you prefer.

If you are married by December 31st of the tax year, you have two options: Married Filing Joint or Married Filing Separate. You cannot file as Head of Household and Single. Filing Separate has potential downsides — consult with us before making that decision.

Call 800-829-1040 for general tax issues. Be aware of high call volumes and long wait times. Have ready:

Your Social Security number or ITIN
Your date of birth
Your filing status

Better yet — if you've received IRS correspondence, let us handle it for you. We deal with the IRS on clients' behalf every day.

Generally, the answer is $0 as a current deduction. Maintenance, repairs, and improvements on your primary residence are almost never directly deductible. However, they increase your home's cost basis, which can reduce capital gains tax when you eventually sell. Keep all renovation receipts for this reason.

If your refund or payment needs to go to a new account or address, updates can be made through the IRS website or by filing an updated return. To update your mailing address with USPS, visit usps.com. Call our office and we can walk you through the process.

Extension Request

Need more time to file?
We'll handle it.

RP Tax Service electronically files Form 4868 on your behalf — giving you an automatic extension to October 15th. Submit your completed request by April 10th.

⚠ Important: Extension to File ≠ Extension to Pay

An extension gives you more time to file your return — it does not extend your time to pay. If you owe taxes, penalties and interest begin accruing after April 15th on any unpaid balance.

Complete the request form

Fill out all personal information, filing status, and the total amount already paid to the IRS through withholding or quarterly estimated payments. Incomplete forms cannot be filed.

Pay the deposit filing fee

The $150 deposit is applied to your tax filing balance. An online invoice will be sent to your email once your completed request is received.

We file on your behalf

Once payment and a completed request are received, we electronically file Form 4868 and email you a confirmation.

Schedule your return appointment

It is your responsibility to set an appointment to have your full tax return completed before the extended deadline of October 15th.

Returning Clients

No charge to file your extension — complimentary for existing RP Tax Service clients.

New Clients

$25

Flat fee to electronically file Form 4868 on your behalf.

📍 RP Tax Service · 930 McCully Suite 203, Honolulu, HI 96826
☎ 808-946-7297 · ✉ Admin@rptaxes.com · Fax: 714-644-8426

Extension Request Form

Form 4868 · Automatic Extension of Time to File

Deadline: April 10th

Tax Payer Information

First Name

Last Name

Social Security #

Phone

Spouse Information (if applicable)

Spouse First Name

Spouse Last Name

Spouse Social Security #

Address

Street Address

City

State

Zip Code

Email Address

Filing Status

Single Married
Filing Joint Married
Filing Separate Head of
Household Qualified
Widow(er)

Tax Payments Already Made

Total Amount Already Paid (withholding + quarterly estimated payments)

By submitting, you authorize RP Tax Service to file Form 4868 on your behalf. An online invoice for the filing fee will be sent to your email. Your extension will be filed upon receipt of payment and this completed form.

Or call us directly: 808-946-7297 · Email: Admin@rptaxes.com

● Updated May 2025

Tax Law Changes

What changed in the tax code
— and what it means for you.

Tax law is not static. Congress and the IRS make changes every year — some quietly, some dramatically. Below are the most significant current changes affecting individual taxpayers, families, and business owners right now. Some are in your favor. Some are not. All of them require a strategy.

⏳

TCJA Provisions Set to Expire — The Biggest Tax Shift in Years

Negative for most taxpayers

What Changed

The Tax Cuts and Jobs Act of 2017 (TCJA) cut tax rates, nearly doubled the standard deduction, expanded the child tax credit, and created the 20% pass-through deduction (Section 199A). Most of these provisions are scheduled to expire after December 31, 2025 — unless Congress acts to extend them.

Key Items Expiring

Lower individual income tax rates revert to higher pre-2018 levels
Standard deduction drops by roughly half (from ~$29,200 to ~$16,000 for MFJ)
Child Tax Credit drops from $2,000 to $1,000 per child
The 20% deduction for pass-through business income (§199A) goes away
Estate tax exemption drops from ~$13M to ~$7M per person
$10,000 SALT deduction cap remains unless separately addressed

⚠ Impact on You If Congress does not extend TCJA, most taxpayers will see a meaningful tax increase starting in 2026. Small business owners who use the 199A deduction will be hit hardest. This is one of the most important reasons to plan NOW — before year-end — while current rates still apply.

💳

1099-K Threshold Dropped — Millions of New Filers Affected

Affects side income earners

What Changed

The IRS dramatically lowered the reporting threshold for Form 1099-K. Previously, payment platforms (PayPal, Venmo, Cash App, eBay, Etsy, StockX, TCGPlayer) only issued 1099-Ks if you received over $20,000 in 200+ transactions. The new threshold is $600 in a single transaction, being phased in — with a $5,000 threshold in 2024, moving toward $600 fully in 2025–2026.

Who Gets Hit

Freelancers and gig workers paid via apps
Side hustlers selling on eBay, Etsy, Facebook Marketplace
Collectibles sellers (cards, memorabilia, resellers)
Anyone accepting business payments through Venmo or PayPal

⚠ Impact on You You will now receive tax forms for income you may not have been tracking. Selling a Pokémon card collection? That's a taxable event. Freelancing on the side? Expect a 1099-K. The good news: proper cost basis tracking can significantly reduce what you owe. Bad recordkeeping will cost you.

📈

2025 Standard Deduction — Inflation Adjustment Increases

Positive for most filers

What Changed

The IRS adjusts the standard deduction annually for inflation. For the 2025 tax year, the amounts are:

Single filers: $15,000 (up from $14,600)
Married Filing Jointly: $30,000 (up from $29,200)
Head of Household: $22,500 (up from $21,900)

Also Adjusted

All seven tax bracket thresholds increased ~2.8%
AMT exemption increased to $88,100 single / $137,000 MFJ
Annual gift tax exclusion increased to $19,000 per recipient
IRA contribution limit: $7,000 ($8,000 if age 50+)
401(k) contribution limit: $23,500 ($31,000 if age 50+)

✓ Impact on You More income is shielded from tax before you hit each bracket. Higher retirement contribution limits mean more room to reduce taxable income through your 401(k) or IRA. This is money directly in your pocket — if you're contributing the maximum.

⚡

Energy Credits — Inflation Reduction Act Still in Effect

Positive — if you qualify

What Changed

The Inflation Reduction Act (IRA) significantly expanded residential and business energy tax credits. These are real dollar-for-dollar reductions in your tax bill — not just deductions.

Key Credits Available

Solar panels & home battery storage: 30% tax credit (no cap)
Energy-efficient home improvements: Up to $3,200/year (windows, doors, HVAC, insulation)
Electric vehicle credit: Up to $7,500 for new EVs; $4,000 for used — income limits apply
Clean vehicle business credit: Up to $7,500 for qualifying business fleet vehicles

✓ Impact on You If you're planning any home improvements or a vehicle purchase, doing it before year-end could mean thousands in direct tax credits. Unlike deductions, credits reduce your tax bill dollar-for-dollar. These are worth planning around.

🏗

Bonus Depreciation Phasing Out — Business Owners Must Act

Negative — window closing

What Changed

Bonus depreciation — which allowed businesses to immediately deduct 100% of qualifying asset purchases — has been phasing down year by year since 2023. The schedule is:

2023: 80% immediate deduction
2024: 60% immediate deduction
2025: 40% immediate deduction
2026: 20% immediate deduction
2027: 0% — fully phased out (unless extended by Congress)

Note on Section 179

Section 179 remains available at $1,220,000 for 2024 and similar for 2025, giving small businesses an alternative immediate expensing route.

⚠ Impact on You Business owners planning equipment, vehicle, or property improvements should consider accelerating those purchases into 2025 to capture the 40% bonus while it's still available. Waiting until 2026 or 2027 cuts that benefit in half or eliminates it entirely.

🏦

SECURE 2.0 Act — Retirement Rules Overhauled

Mostly positive for savers

What Changed

The SECURE 2.0 Act (signed into law late 2022, with provisions phasing in through 2025 and beyond) made sweeping changes to retirement savings rules.

Key Changes Now in Effect

RMD age raised to 73 (previously 72) — more time for tax-deferred growth
Super catch-up contributions: Ages 60–63 can now contribute an extra $11,250 to 401(k) on top of standard limits (2025)
529 to Roth IRA rollovers: Unused education savings can now roll into a Roth IRA (lifetime limit $35,000, 15-year rule applies)
Roth SEP and SIMPLE IRAs now permitted — self-employed workers can make Roth contributions to employer plans
Automatic enrollment required for new 401(k) plans starting 2025

✓ Impact on You The super catch-up contribution for ages 60–63 is significant — business owners in that age range can shelter an additional $11,250 from taxes in 2025 alone. The 529-to-Roth rollover is a game-changer for families with leftover college savings.

ℹ

This information reflects tax law as of May 2025. Tax law changes frequently. Congress may extend, modify, or repeal any of the above provisions. The information above is for educational purposes only and does not constitute tax advice. Every taxpayer's situation is different — contact RP Tax Service to discuss how these changes apply specifically to you.

Schedule a Free Strategy Session →

We keep more money in your pocket.

Client Portal

Most people pay moretaxes than they have to.

Tax Preparation Only

Strategic Tax Planning

Built for every typeof financial life.

Business Owners

Self-Employed & Contractors

Real Estate Investors

Families & Individuals

Crypto & Investors

Entrepreneurs

Advisory built for yourwhole financial picture.

Tax Planning & Strategy

Entity Structuring

S-Corp Optimization

Real Estate Tax Strategy

Crypto & Investments

Bookkeeping & Payroll

Retirement Planning

IRS Resolution

Knowledge that putsmoney back in your pocket.

LLC vs. S-Corp: Which Saves More?

The Augusta Rule: Rent Your Home Tax-Free

Cost Segregation: Accelerate Your Depreciation

Vehicle Deductions: Section 179 vs Bonus Depreciation

Hiring Your Children: The Family Payroll Strategy

Crypto Tax: What Every Holder Must Know

The Accountable Plan: Tax-Free Reimbursements

The collector's edge:tax strategy for what you love.

Trading Cards & Pokémon

One Piece & Anime TCG

Disney & Premium Collectibles

We speakcollector fluently.

Hobby vs. Business Income

Cost Basis & Capital Gains

Platform Income & 1099-Ks

From first conversationto long-term clarity.

Free Strategy Session

Tax Opportunity Review

Planning & Implementation

Year-Round Partnership

Modern tools.Organized workflows.Nothing falls through.

Secure Document Portal

E-Signatures & Digital Workflows

Year-Round Access

Progress Tracking

Johnson Consulting LLC

What our clients say.

Real clients.Real results.

Your documents.Your taxes.All in one place.

Secure Document Upload

E-Signatures

Direct Communication

Year-Round Access

Having trouble with your portal account?

Client Portal Login

Common questions,straight answers.

Need more time to file?We'll handle it.

⚠ Important: Extension to File ≠ Extension to Pay

Complete the request form

Pay the deposit filing fee

We file on your behalf

Schedule your return appointment

Extension Request Form

What changed in the tax code— and what it means for you.

Your first consultationis complimentary.

Get in Touch

We keep more money
in your pocket.

Most people pay more
taxes than they have to.

Built for every type
of financial life.

Advisory built for your
whole financial picture.

Knowledge that puts
money back in your pocket.

The collector's edge:
tax strategy for what you love.

We speak
collector fluently.

From first conversation
to long-term clarity.

Modern tools.
Organized workflows.
Nothing falls through.

Real clients.
Real results.

Your documents.
Your taxes.
All in one place.

Common questions,
straight answers.

Need more time to file?
We'll handle it.

What changed in the tax code
— and what it means for you.

Your first consultation
is complimentary.