Montana tax officials say Tim and Edra Blixseth owe the state $57 million in taxes on the money they drained from the Yellowstone Club and from the use of luxury jets, cars and yachts that they wrote off as business expenses.
With Edra Blixseth bankrupt, state officials have filed a warrant to go after Tim Blixseth's assets to cover the $57 million.
Payment would go a long way toward easing Montana's budget woes, with state lawmakers next year due to address a $300-million plus projected budget shortfall.
State officials may have to fight for the money, as the club's creditors are seeking $286 million.
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BILLINGS, Mont. (AP) — Montana tax officials say Tim and Edra Blixseth owe the state $57 million in taxes on the money they drained from the Yellowstone Club and on luxury jets, cars and yachts they wrote off as business expenses.
With Edra Blixseth bankrupt, state officials have filed a warrant to go after Tim Blixseth's assets to cover the $57 million.
Payment would go a long way toward easing Montana's budget woes, with state lawmakers next year due to address a $300-million plus projected budget shortfall.
State officials may have to fight for the money, as the club's creditors are seeking $286 million.
