Tori Spelling and her former husband have been confronted with a hefty tax bill exceeding $1.3 million, comprising outstanding federal and state taxes.
This financial burden is laid out in the conclusive judgment of the actress’ divorce from Dean McDermott, marking the official end of their 17-year union.
As per reports from Fox News Digital, court documents from the Los Angeles Superior Court indicate that Tori, 52, and Dean, 59, owe approximately $1.2 million to the IRS and over $500,000 to the California Franchise Tax Board.
The judgment specifies that each party is accountable for at least $600,000 of the federal tax obligation, while the state tax liability will be equally divided between them.
In addition to their tax issues, the documents disclose several other debts accumulated over the years.
The couple owes $37,000 to American Express and has an enduring balance with City National Bank. This debt, originating from a substantial loan taken out more than ten years ago, has now ballooned 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)
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)
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
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
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.’
