Weil, Akman, Baylin & Coleman, P.A.

05/08/2026

To many people, is more than a schedule change - it's an identity shift. Income and social connections can feel different, but it's important to give yourself permission to enjoy it.

Read this article for a taste of what can be expected in retirement.

Understand the key financial and lifestyle shifts that happen in your first year of retirement.

05/05/2026

Do you have a traditional ? You may have wondered whether you should take money out of it when financial needs come up.

If you are under age 59½, there's generally a 10% penalty for early withdrawals — in addition to any regular income tax on the amount. However, there are exceptions to the penalty, as explained in this article.

For one reason or another, you may need to take some money out of an IRA before reaching retirement. You can withdraw money from an IRA at any time and for any reason, but it’s important to keep in mind that most IRA withdrawals are at least partially taxable. In other words, you’ll owe regular ...

03/21/2026

Women face unique financial barriers, but understanding today's financial landscape can help face daunting realities and reach enormous potential.

Explore the growing influence women wield over the economy with this handy infographic.

03/20/2026

If you file a joint tax return, you need to be aware of your individual liability. Here's a rundown of how the law works and the "innocent spouse" relief that may be available if your spouse cheated on a tax return and the IRS is coming after you.

We'll also explain the difference between an "innocent spouse" and an "injured spouse" and how it can affect tax refunds.

When you got married, you knew it was for

03/20/2026

If disaster strikes a company, it's imperative that the organization be able to quickly and efficiently reach employees and their families to communicate. For this reason, every business needs to create or review its crisis communication plan.

This article discusses critical aspects of such a plan, such as ensuring basic contact info is in place and using phone trees to keep everyone in the loop.

01/29/2026

Asking the right questions about how you can save money for retirement without sacrificing your quality of life. Watch this video to learn more.

01/28/2026

Catch-up contributions allow taxpayers age 50 or older to exceed standard limits for adding funds to their qualified retirement accounts. Some major changes to the rules for such contributions go into effect beginning in 2026.

This article covers the pertinent details.

Catch-up contributions have long been a way for taxpayers to put more dollars into their retirement accounts as they get older. But the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, enacted in 2022, included a major change to the catch-up contribution rules for higher-incom...

01/26/2026

Uncle Sam sometimes surprises us with generous tax breaks. Here's an example: If you meet the requirements, you can collect tax-free profit from the sale of land adjacent to your principal residence.

Of course, there are restrictions. Read on to find out if you can take advantage of this tax break.

IRS regulations specifically allow you to use the federal income tax home sale gain exclusion privilege to shelter profit from selling vacant land adj

01/05/2026

The One Big Beautiful Bill Act, enacted in July 2025, brought forth many significant tax law changes.

The new law also eases the reporting requirements related to IRS Form 1099-NEC, "Nonemployee Compensation," and Form 1099-K, "Payment Card and Third-Party Network Transactions." This article explains how these forms work and what's changed.

The One Big Beautiful Bill Act (OBBBA) has garnered headlines for extending dozens of tax provisions and creating new tax-saving opportunities for individuals and businesses. But it also eases the rules for Form 1099-NEC, “Nonemployee Compensation,” and Form 1099-K, “Payment Card and Third-Par...

11/27/2025

WABC is participating in Kennedy Krieger Institute's Festival of Trees!