Boast on MySpace page nets party business $320,000 Oklahoma tax bill

OKLAHOMA CITY -- Be careful when you boast.

Oklahoma college students who bragged on MySpace that their party business had served thousands of revelers have been hit with a state tax bill of $320,000.

The Oklahoman newspaper reported that 2007 tax documents indicate the party business Kegheadz hosted more than 100 events over nearly five years.

But co-founder Julius Baroi estimates his business hosted just more than 20 parties in 1 1/2 years, netting less than $2,000. Another co-founder, Jordan Glover, said tax officials were misled by "hype" on the business' MySpace site that was designed to attract more partiers to use the service.

The business' page on the website includes the boast that Kegheadz has "over 1 billion served."

Tax Commission spokeswoman Paula Ross said she cannot comment.