Meme Madness: An Update on the ERC Saga Published January 28, 2025

Written by: Rachel Libowitz and Jason Peckham, Esq., Tax Guard

One of the better gifts we received for Christmas was the game, “What’s That Meme?”. It was fun to see how the family, especially the kids, used memes to communicate, connect, and illustrate ideas. When thinking about the IRS and the Employee Retention Credit (ERC) program, several memes come to mind (many NSFW). For example, it’s easy to envision the “Disaster Girl” meme, a slight smile on the IRS’s face while the ERC program burns.

The ERC program is a boondoggle. What started as an initiative to help businesses through unprecedented times of the pandemic ultimately failed because of confusing criteria, which were exploited by unscrupulous promoters. Over the past five years, the program transitioned from gladagascar, to sadagascar, to Madagascar, and, finally, to outtagascar.

Read the full article on IFA Commerical Factor

Posted By: Jason Peckham

As Vice President of Resolutions for Tax Guard, Jason is responsible for the tax resolution division of the company with an emphasis on preserving the funding relationships between commercial lenders and borrowers. Jason has spent the past 15 years as an attorney working directly with businesses resolving collection matters with the federal and state taxing authorities. As a regular contributor to industry journals and speaker on issues regarding IRS collection matters for commercial lenders, his expertise is highly sought out by lenders nationwide.