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Online party braggarts net $320K tax bill

EDMOND, Okla., Sept. 21 (UPI) -- The age-old practice of bragging about being a party animal has brought $320,000 in MySpace-era consequences for five Oklahoma college students.

The University of Central Oklahoma students founded a party business in Edmond, Okla., called Kegheadz, and bragged on its MySpace.com page about "over a billion served," "biggest party in the state" and "biggest party in the country," The Oklahoman reported. And that caught the interest of state tax officials.

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Kegheadz founder Julius Baroi says the loosely organized business netted only about $1,700, but has been hit with a $320,000 tax bill.

"This is crazy," Baroi told the newspaper. "The (Oklahoma) Tax Commission claims we owe more than $300,000. We don't have enough money between us to pay $6,000 to hire an attorney. They won't listen to us."

Paula Ross, spokeswoman for the commission, told the newspaper she couldn't comment on an individual taxpayer's case.

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