Skip Nav

College Party Business Faces Tax Hangover


Stretching the truth isn't always a terrible thing, but five Oklahoma University students and alumni are facing expensive consequences from doing just that. The group headed up Kegheadz and created a MySpace video with the intent of promoting their party services, and after the video was viewed by the Oklahoma Tax Commission the guys got hit with a heavy tax bill.

In their video, the Kegheadz founders bragged about serving over one billion partygoers as a way to generate buzz. The Tax Commission heard the claim and recognized that this apparently successful enterprise hadn't ever paid taxes. The five guys are planning to fight the $320,000 tax bill under the claim they only made about $1,700 during the year and a half Kegheadz existed. They are learning the hard way that even on MySpace, someone is always watching.

Source

Latest Smart Living
Award season continues with the SAG Awards! Check out our event coverage!
×