Seriously. From The Associated Press:

A student-run party business that received a $320,000 tax bill after boasting on the Internet “over a billion served” and “biggest party in the country” will now have to pay only $2,300.

Oklahoma Tax Commission auditors based the original bill on claims the group Kegheadz made on its MySpace page, but members said those claims were wildly exaggerated and intended to drum up new business.

[...]

“I mean, how crazy was this case?” Baroi said. “I don’t know which would be considered stupid … us bragging about parties on MySpace and Facebook, or OTC using those as `evidence’ to assess $320,000 worth of taxes.”