IRS Losing Game Of Hide And Seek With Missing Billion

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You almost don't need a Swiss bank when there's an almost 1-in-5 chance the millions the tax man is looking to collect from you are going to be lost in the IRS's systems. Due to a breakdown in the agency's abaci and carrier pigeons, 18% of the cases of individuals who owed at least $1 million as of the end of 2007 (for a total of $1.2 billion in uncollected taxes) were still floating around in cyberspace.
IRS Fails to Collect $1.2 Billion From Those Owing $1 Million [Bloomberg]

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