Tori Spelling and Dean McDermott's seven-figure tax debt revealed
Share and Follow

Tori Spelling and her former spouse are facing a hefty tax bill exceeding $1.3 million due to unpaid federal and state taxes.

This financial obligation is outlined in the final divorce settlement between the actress and Dean McDermott, officially concluding their 17-year marriage.

According to documents filed in Los Angeles Superior Court, the couple—Tori, 52, and Dean, 59—owe the IRS a staggering $1.2 million, with an additional debt of over $500,000 owed to the California Franchise Tax Board, as reported by Fox News Digital.

The court documents specify that each party is liable for at least $600,000 of the federal tax debt, while the state tax obligation is to be shared equally.

Additionally, the filings uncover a range of other financial burdens that have accumulated over the years.

The pair owe $37,000 to American Express, and continue to carry a long-standing balance with City National Bank stemming from a six-figure loan taken more than a decade ago that has since grown to nearly $400,000.

Tori Spelling and her ex-husband have been hit with a bill for more than $1.3 million in unpaid federal and state taxes in a judgment filed in Los Angeles Superior Court as reported by Fox News Digital (the former couple are seen in LA back in August 2019)

Tori Spelling and her ex-husband have been hit with a bill for more than $1.3 million in unpaid federal and state taxes in a judgment filed in Los Angeles Superior Court as reported by Fox News Digital (the former couple are seen in LA back in August 2019)

Further sums include Tori owing $288,000 to a private individual, $69,000 to another unnamed individual and $10,228 in uninsured medical costs.

Dean owes $22,000 from a student loan and a further $20,609 in uninsured medical bills.

The financial disclosures accompany earlier filings detailing the pair’s respective incomes.

In an income and expense declaration filed on September 5 and obtained by Page Six, Dean claimed Tori’s monthly earnings fluctuate between $3,000 and $75,000 ‘depending on the job’.

He stated his income stands at $3,800 per month, explaining his earnings fell sharply over the past year ‘due to the SAG/AFTRA strikes and change in the industry’.

He added: ‘My acting and producing work has decreased drastically.’

Tori and Dean announced their separation in June 2023 after nearly two decades together, and the actress filed for divorce nine months later.

Their split was finalized earlier this month, with Tori filing court documents outlining agreements on support, asset division and custody arrangements.

Documents state each will be responsible for at least $600,000 of the federal tax debt, and that the state tax bill will be split evenly (the two are seen in LA back in December 2018)

Documents state each will be responsible for at least $600,000 of the federal tax debt, and that the state tax bill will be split evenly (the two are seen in LA back in December 2018)

Stella McDermott, Tori Spelling, Liam McDermott, Dean McDermott seen left to right in January 2023

Stella McDermott, Tori Spelling, Liam McDermott, Dean McDermott seen left to right in January 2023

Spelling is seen during her Beverly Hills 90210 days  in June 1995

Spelling is seen during her Beverly Hills 90210 days  in June 1995

The former couple share five children – Liam, 18, Stella, 17, Hattie, 14, Finn, 13, and Beau, 8.

Dean also has a 27-year-old son, Jack, from his previous relationship with Mary Jo Eustace.

About two weeks after settling their divorce, she said ‘it’s been quite a journey’ while speaking candidly in the November 11 episode of her podcast misSPELLING.

This comes after she appeared somewhat downcast in her first public sighting since she and the Chopped Canada host figured out their settlement a couple of weeks ago. 

‘I am officially divorced,’ she began on her podcast. ‘It’s been quite a journey. I gotta say, you guys, this is something never said — this was one of the easiest divorces in Hollywood.’

Spelling broke her silence on her divorce settlement from McDermott in a podcast released earlier this month; pictured in June 2023

Spelling broke her silence on her divorce settlement from McDermott in a podcast released earlier this month; pictured in June 2023

The star reflected on finalizing their divorce in late October, over two years after she filed for divorce and three years after they separated; pictured in March

The star reflected on finalizing their divorce in late October, over two years after she filed for divorce and three years after they separated; pictured in March

‘You can quote me there. Screw it — take Hollywood out. This is one of the easiest divorces,’ she added. 

She also said it was ‘interesting’ that the pair experienced marital woes over two decades together but did not have any during the dissolution of their marriage.

‘It’s so interesting because Dean and I were together 20 years, married 18, and while we had our ups and downs and problems throughout our marriage, we’ve had absolutely no problems throughout the divorce,’ she shared.

She said that the reason the divorce went smoothly is ‘a testament to the two of us and wanting to really step up and be there for the five humans we chose to create out of love and setting a good example.’

Share and Follow
You May Also Like
Retailers are quietly changing their return policies – here’s why you should be on the lookout this Black Friday

Black Friday Alert: Unveiling the Hidden Changes in Retail Return Policies You Can’t Afford to Ignore

The holiday season is synonymous with gift-giving, which naturally leads to a…
Car towed twice in 15 days before anyone noticed a dead body in the back seat

Shocking Oversight: Car Towed Twice in 15 Days with Undiscovered Body in Backseat

A man who had been reported missing was discovered deceased in his…
50 kidnapped Catholic school students in Nigeria escape as some schools ordered to close

Heroic Escape: 50 Nigerian Catholic Students Break Free from Kidnappers Amidst School Closures

Fifty of the 303 students abducted from a Catholic school in Nigeria…
Pair of snowy owls spotted along Lake Michigan beach near near Montrose Point Bird Sanctuary draws crowds in Chicago

Rare Snowy Owl Sighting at Lake Michigan’s Montrose Point Bird Sanctuary Attracts Birdwatchers to Chicago

CHICAGO — The arrival of two magnificent snowy owls along the shores…
FILE - Morgan Geyser appears in a Waukesha County courtroom Jan. 9, 2025, in Waukesha, Wis. (AP Photo/Morry Gash, File)

Wisconsin Woman Involved in 2014 Slender Man Stabbing Located After Leaving Group Home

A Wisconsin woman, who as a child nearly fatally stabbed a classmate…
Charlie Kirk's wife 'prayed to God' she was pregnant when he died

Heartfelt Revelation: Charlie Kirk’s Wife’s Emotional Prayer Amidst Tragic Loss

Erika Kirk, widow of the late conservative activist Charlie Kirk, recently shared…
Bessent stuns NBC's anchor as he schools her on inflation

NBC Anchor Learns Inflation Insights in Surprising Exchange with Bessent

In a riveting exchange on Sunday morning, Scott Bessent, who served as…
Ferry collision reported on landing dock at Sapelo Island

Breaking News: Ferry Collision Shocks Sapelo Island – Details Inside

The Georgia Department of Natural Resources has disclosed that there were 41…