Show notes
Michael Raanan
– The Confident Retirement Podcast with Kris Flammang Episode 030: Michael Raanan
Michael Raanan, MBA, EA, is an IRS-licensed Tax Relief Specialist, Enrolled Agent, and former Senior IRS Agent. He is also the founder and President of Landmark Tax Group, a nationally known and well-respected professional tax firm that specializes in IRS Back Taxes. While working over 17 years at the IRS and in private practice helping taxpayers, Michael has personally resolved thousands of back tax cases and settled over $100,000,000 in IRS debts. Michael is trusted by attorneys, CPAs, wealth managers, and other business professionals to resolve IRS matters for their biggest clients. He also trains tax professionals throughout the country on how to effectively represent taxpayers in front of the IRS.
Listen to this dynamic The Confident Retirement Podcast episode with Michael Raanan about strategies in dealing with taxation and also to IRS. Having a working background in IRS himself, he has a great knowledge of the twists and turns in taxation he generously shared in this episode.
Here is what to expect on this week’s show:
Michael’s brief history on how he became a part of IRS and then eventually planned to exit and go on trying to put up his own business
Sharing his enjoyment and what I like best in his business
What are the steps in the process of an IRS collection?
Can you negotiate with IRS to reduce the amount you owe?
What are the things can you do to avoid being put in a tough situation during collections, besides just paying your taxes on time?
Talking about his ULTIMATE dream!
The biggest opportunity and also their biggest obstacle
Connect with Michael
Guest Contact Info: (949) 260-4770
Website: https://landmarktaxgroup.com/
E-mail: michael@landmarktaxgroup.com
Twitter: https://twitter.com/LandmarkTaxGrp
LinkedIn: https://www.linkedin.com/in/michael-raanan-mba-ea-%F0%9F%92%B0-the-irs-guy-b0327749
Connect with Kris
Website: https://www.lpfadvisors.com/
LinkedIn: https://www.linkedin.com/in/kristopher-flammang-lpfadv/
Twitter: @kflammang
Highlights:
[08:33-08:57]
“You end up wearing different hats. Besides entrepreneur in the technician, all that stuff, you end up also being like a therapist in some respects and working with these folks, helping them understand, letting them know that you're listening to them, that there's some options and there's some resolution on the horizon.”
[13:38-13:53]
“That means that we as taxpayers actually have a certain level of control. And we can manipulate the IRS if we know what those procedures are. And we're pursuing those procedures. And in fact, the IRS loves that.”
[20:52-21:12]
“And at the end of that 12th month, we ended up settling the $160,000 balance for $865. And not only that, the tax lien on that taxpayer’s name and their home and everything else the lien attaches to went away.”
[25:45-25:56]
“The financial literacy, I think, is the key to unlocking that freedom, to happiness to satisfaction, and high morale.”
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