I don't know who the miserable asshat is who keeps front-paging this blithering right-wing horseshit, but they need to be fired yesterday.
This is a non-story. It has always been a non-story. It has already been investigated, and what turned up was a gigantic pile of nothing. But then, that's all Daryl Issa's "investigations" have ever turned up.
Yes, the IRS investigated a bunch of applications for tax-exempt status for a number of "Tea Party" groups. They also performed the same investigations on so-called liberal groups. They're supposed to do that; otherwise any moron could claim tax-exempt status. Were there problems with the investigations? Yes, because the tax law that requires them is so vague that it's basically left entirely to the discretion of the investigator.
Were any applications denied? No, not really. Did the IRS investigate more "Tea Party" groups than liberal groups? It would appear so. It would also appear that there were a hell of a lot more "Tea Party" applications flooding in during the timeframe in question (which makes sense, given that the "Tea Party" is not grassroots, but entirely the construction of FreedomWorks).
As for how "terribly convenient" it is for multiple IRS personnel under investigation to have lost the data in question, well... Considering that the IRS is underfunded (sounds weird, but it's true); and considering that they have tens of thousands of personal computers, none of them brand new, and all of them in various states of disrepair and subjected to various forms of abuse; and considering that every one of those tens of thousands of computers are running FUCKING WINDOWS , then you are provably a drooling idiot if you think the probability for unrecoverable data loss is anything less than 1.0.
The only story here is that IRS regs concerning tax-exempt political advocacy organizations are hopelessly vague. Moreover, it's not a story that belongs on a tech-oriented site. If I wanted to read about fabricated right-wing ghost stories, I'd visit RedState. Get this shit off Slashdot.