Musk Advisor Exposes IRS Tech Failures, Warns of ‘Magic Money Computers’ A tech advisor working under Elon Musk’s Department of Government Efficiency revealed alarming issues at the IRS, calling its modernization effort “30 years behind schedule and $15 billion over budget.” Speaking on Fox News, Sam Corcos said the agency still relies on outdated mainframes running COBOL, a system banks modernized long ago.

Treasury Secretary Scott Bessent blamed excessive contractor costs, comparing them to a “boa constrictor” strangling government efficiency. He accused consultants and the media of obstructing reforms that would cut costs and improve privacy.