When Homer's unfastidious tax return accidentally falls into the severe audit bin at the IRS, he is promptly nabbed by the government. Forced to go undercover for them, Homer finds himself on a mission to retrieve a trillion dollar bill stolen by Mr. Burns.
On January 1, right after New Year's Eve, Ned completes his yearly taxes. Later that year, on April 15, everyone else in town is in a rush to get their taxes in before midnight, in fact just before midnight Homer realizes he did not do his own taxes, and misunderstanding that he has to do them every year. Marge tells that she put the taxes on his to do pile a month earlier, which Homer did not know he had. He rushes and provides false information before driving to the post office. At the IRS, however Homers overstuffed envelope gets jolted from a container for 'quick refunds' into one labeled 'severe audit'. The IRS discovers Homer's fraud and arrests him. Held by the government, Homer says he will do anything to stay out of prison. Agent Johnson of the FBI agrees that Homer can be useful. With a hidden microphone under his shirt, Homer uncovers that his co-worker Charlie leads a group planning to assault all government officials.
With his superiors impressed, Johnson sends Homer on a secret mission. They reveal that in 1945, President Harry Truman printed a one trillion-dollar bill to help reconstruct post-war Europe. He handed the vital cargo over to Charles Montgomery Burns to transport to the Europeans. However, the money never arrived, and this is made out to be why Europeans are snooty to Americans. The FBI suspects Burns still has the money with him. As satellite photography can only confirm that the trillion-dollar bill is not on the roof, Homer is sent in to investigate. Arriving at Burns' estate, Homer searches for the money before Mr. Burns does. Burns believes that Homer is a reporter from Collier's Magazine, and he reveals that he kept the bill on his person. Agent Johnson and Agent Miller burst in and arrest Burns for grand-grand-grand-grand-larceny. Burns shouts how the US government oppresses the average American and tells Homer to write, "Don't let the government push you around!" in his "article." Moved by Burns' speech, Homer knocks out the FBI agents and frees Burns.
The two men hurry to obtain Smithers for help, who suggests they leave the country. Burns takes Smithers and Homer in his old plane, setting off to find an island and start a new country. Over the Caribbean, Burns finds a fine island, although it already has a name and is in fact a country, Cuba. Going before Fidel Castro (after learning, much to the surprise of both Burns and Homer, that Fulgencio Batista is no longer leader of Cuba), Burns fails to buy the island when Fidel asks to see the trillion dollar bill, and is handed the bill. When Burns asks for it back, Castro immediately responds: "Give what back?". Then, the episode immediately cuts to a scene where Burns, Smithers, and Homer are on a makeshift raft sailing back to the USA. Burns announces he will merely bribe the jury when Smithers, Homer, and himself are put on trial, prompting Homer to exclaim "God bless America!" and salute.
Behind the Laughter
The episode was written by Ian Maxtone-Graham. The original idea was Homer was to learn that he was a Native American, and would try to exploit it to not have to pay taxes. The idea had been going well for a few days, but the staff did not actually know whether Native Americans had to pay taxes. When the writers found out that they did, the whole plot had to be discarded. Executive producer Mike Scully's brother Brian pitched the idea of the trillion-dollar bill, which they accepted, as they were out of ideas.
The episode received mixed reviews from fans and critics. It has been named: "Boring", "Dull", "Unfunny" and "A mediocre episode at best that makes Burns out to be altruistic (which he is not) and very stupid in letting Castro have his money (which he so wouldn't)."