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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

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Join The Conversation
baybug baybug 7 years
This is a crazy story! I can't beleive these people are getting taxed.
SugarKat SugarKat 7 years
Especially on MySpace someone is watching. Hello! It's about time people are learning that!
ilanac13 ilanac13 7 years
wow - that's INSANE that this could happen to these guys. i can understand why they would brag about the number of people that they've served - and i would have assumed that people would have realized that it's just bragging and not realistic for the number of folks that they would have actually hosted at their parties. i hope that there's some way that they can get out of the high tax, and learn their lesson about what is posted on MySpace.
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