Most recently, the reboot of Beverly Hills 90210 “BH90210” that she produced was canceled after one season. BH90210’s cancelation is just another financial blow for the star. The show was pulling in $70,000 an episode for her acting, and $15,000 per episode for her producing duties.
Currently, as reported by RadarOnline, Spelling and her husband, Dean McDermott, owe $1,182,760 in back taxes. Dealing with tax attorneys is nothing new for Spelling and McDermott. The Los Angeles County Recorder of Deeds has stated that Spelling has a June 13, 2016, California tax lien that has not been discharged.
Spelling and her husband, who have a family of five children to care for, also have another California State tax lien from April 17, 2018, for $31,775. This lien, as well as her May 18, 2017 tax lien, remain unpaid.
Page Six reported via a tax attorney that her state tax issues are not the only financial problems the beleaguered star faces. The IRS drained Spelling and her husband’s bank accounts due to a $707,487 federal tax lien. American Express also sued the star and her husband in 2016 for failure to $87,594.55 in unpaid credit card bills. The couple is even now paying back over $400,000 in mortgage dues to Metropolis Nationwide Financial Institution.
Spelling has addressed her financial issues in both her show BH90210 and in subsequent interviews. In the mockumentary TV show, Spelling addressed her money issues by playing an exaggerated version of herself on the show. In the pilot episode, Spelling joked that she needed the show’s paycheck, joking that “I need this paycheck. Mama’s got six kids…. At least this reunion is going to cover our bills for a month!” Unfortunately, the show’s ratings were not high enough to secure a second season.
As a producer of the show, it was Spelling’s idea to address her money issues. “That was a decision I made, and we made it together to put that in there,” Spelling said. “That’s such speculation, and media loves to talk about it, so we were like, ‘Let’s face it straight on. Let’s put it in there.’ “
Spelling’s next venture will be her new Kin web series, “Tori Tried and True,” which will air on YouTube, Facebook Watch, and Instagram. In the new web series, Spelling will be sharing her lifestyle and product advice to viewers. In the series, she will be giving her opinion on her favorite beauty, household, and fashion items. She will also be joined by husband Dean McDermott and their five children: Liam, 12, Stella, 11, Hattie, 8, Finn, 7, and Beau, 2.
Although her tax issues and financial woes are far from over, it looks as though the actress is not stopping her work any time soon. Let’s hope she and McDermott can find their financial footing again.
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