If reports are to be believed, Two and a Half Men star Charlie Sheen is in deep financial mess. According to a Radaronline report, the Spin City star has asked court to reduce his child support payment, as his income has hit a downward graph.

Currently, Sheen is supporting his twins from ex-wife Brooke Mueller, and his two daughters from Denise Richards. Reportedly, both the women are currently paid $55,000 per month as a child support payment.

The 50-year-old-actor had filled the request for child support order and declaration of income and expenses on March 2, requesting the reduction. His court documents read: "My income has changed significantly since the agreement for child support was entered into in 2011."

Sheen has also provided the court with the full statement of his expenditure and incomes which shows him in a $12 million debt.

According to the financial documents filed, the expenses of the Machete Kills actor are reportedly over $105,911 a month, including healthcare, insurance and children's education. The two of his mansions are mortgaged, and Sheen owes the IRS $1,308,126.17 in taxes for 2014.

Amidst the financial crisis, Sheen has also been slapped with a court case from Denise Richards following the sale of the Mulholland Estates mansion which was originally titled to a trust for Sheen and Richard's daughters. According to the reports, the former fashion model has asked Sheen to either put $7 million dollars into the girl's trust, or buy a house of equal value.