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Honored Contributor
Posts: 23,835
Registered: ‎03-10-2010

How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old

http://www.usmagazine.com/celebrity-news/news/dean-mcdermotts-money-woes-are-impacting-his-son-jack-...

 

 

 

Dean McDermott and Tori Spelling are running on empty. While the debt-ridden couple were vacationing in Iceland mid-September (44-year-old Spelling says the jaunt was a “work trip” with her Beauty Box by Tori team), a source claims the IRS drained the bank account of 18-year-old Jack, McDermott’s son with ex-wife Mary Jo Eustace.

 

 

Dean is a great "Dad".....👎👎👎👎👎

Honored Contributor
Posts: 13,484
Registered: ‎11-24-2013

Re: How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old

I loathe those two morons. I feel so sorry for his son, Jack.

 

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Respected Contributor
Posts: 4,567
Registered: ‎09-15-2016

Re: How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old

I don't open stories, never sure if hidden viruses are attached. Wondering how the IRS can take adult children's money to repay the debt of a parent....Did Dean hide assets in his son's account & the son knew about it & if so how could the IRS prove that? Seems strange that a child at any age could be held responsible for a parents irresponsible behavior that caused debt.

Esteemed Contributor
Posts: 7,341
Registered: ‎03-11-2010

Re: How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old

It seems like they are digging the hole bigger each month. What is it going to take for them to be accountable?

Wrong is still wrong just because you benefited from it.
Esteemed Contributor
Posts: 6,286
Registered: ‎03-09-2010

Re: How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old

"Running on empty."

 

Could the fact that they have FIVE kids maybe be part of this?

 

 

Fortēs fortūna adjuvat
Honored Contributor
Posts: 14,936
Registered: ‎03-11-2010

Re: How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old

I feel bad for the son but I don't feel bad for the parents. Anyone that has had the kind of money these 2 have had there is no reason for them to be in the position they are in. It's called living too high off the hog. 

Honored Contributor
Posts: 30,916
Registered: ‎05-10-2010

Re: How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old

I don't open any links unless I know where they came from but there's no way that IRS can hold his 18 year old adult son responsible or his tax debt.  Since that obviously is not true, it sort of put everything else in the story in doubt.  They are who they are, it mystifies me as to why people care.  

Honored Contributor
Posts: 14,091
Registered: ‎01-02-2011

Re: How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old

If that account belongs to the son, the IRS can't drain it.  😕

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Re: How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old


@tansy wrote:

If that account belongs to the son, the IRS can't drain it.  😕


@tansy The 18-year-old’s savings account was also drained, according to RadarOnline.com, because it was connected to his father and stepmother’s accounts.

Honored Contributor
Posts: 14,091
Registered: ‎01-02-2011

Re: How Dean McDermott’s Money Woes Are Impacting His Son Jack, 18 years old


@SeaMaiden wrote:

@tansy wrote:

If that account belongs to the son, the IRS can't drain it.  😕


@tansy The 18-year-old’s savings account was also drained, according to RadarOnline.com, because it was connected to his father and stepmother’s accounts.


That's awful, @SeaMaiden.