EDMOND, Okla. (AP) - The founders of a party business run by University of Central Oklahoma students say the state Tax Commission has lowered its tax bill from $320,000 to about $2,300.
Kegheadz founders Julius Baroi and Jordan Glover say they exaggerated on the Internet site and Baroi says they only made about $1,700 from the 22 parties they promoted in 2006 and 2007.
The case attracted attention because investigators based the initial bill on information from the Kegheadz Myspace Web site because there are no business records.
Tax Commission spokesman Paula Ross says she can't comment on individual cases but that the agency hasn't changed its policies.
Glover said the group's goal was just to meet college women, have fun, act cool and hope to make enough money to pay their bar tabs.
Information from: The Oklahoman, http://www.newsok.com
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