Find a contractor Buyer's guide Partner with us
MCAA Logo
Log in Sign up Join Hi, there Account
2026 Midyear Registration is OPEN
Find a contractor Buyer's guide Partner
Log in Sign up Join Account

Estate Tax Update

Words: Jeff BuczkiewiczThe Treasury Department has formally recommended withdrawing the Section 2704 regulations on family business valuation. These regulations would have increased the death tax burden on family businesses.

Treasury's final report issued today in accordance with the President's Executive Order 13789 lists Sec 2704 under proposed regulations to be withdrawn entirely:
After reviewing these comments, Treasury and the IRS now believe that the proposed regulations’ approach to the problem of artificial valuation discounts is unworkable. In particular, Treasury and the IRS currently agree with commenters that taxpayers, their advisors, the IRS, and the courts would not, as a practical matter, be able to determine the value of an entity interest based on the fanciful assumption of a world where no legal authority exists.

In light of these concerns, Treasury and the IRS currently believe that these proposed regulations should be withdrawn in their entirety. Treasury and the IRS plan to publish a withdrawal of the proposed regulations shortly in the Federal Register.
Withdrawal of these regulations is a significant victory for small businesses ($18 Billion according to President Obama's FY13 Budget) as we continue to push for repeal the death tax. Thanks to all the groups that helped push back.

Please visit www.masoncontractors.org/positions/estate-tax-rule-change for additional information.
About: Legislative
 0
What Mason Contractors Don't Know Is Costing Them Money
July 2026

Most mason contractors can tell you exactly what a job should cost before it starts. Bid labor hours, material takeoffs, and crew rates per square foot. The numbers are on paper, and they look right. What most can't tell you is whether those numbers held

Erin Koets
Build Smart
MAP Partner
Read More
Preserving Masonry Aesthetics with Concealed Lintel Systems
July 2026

Masonry has long been valued for its ability to create buildings with character, permanence, and visual appeal. Features such as arches, deep reveals, corbelling, and decorative brickwork continue to be popular design elements in modern architecture. Howe

Erica Oliveraz
MAP Partner
Read More
The Sync Up: Aligning Schedule, Labor, and Logistics in Masonry
July 2026

A masonry contractor is only as good as the crew standing on the staging. You can source the highest-grade block, line up the perfect mix, and have every submittal approved weeks in advance, but production ultimately depends on the stamina, skill, and phy

Shayne Sanders
MAP Partner
Sponsored
Read More
Color Trends Shaping Today’s Masonry Projects
July 2026

Homeowners today are coming into projects with a lot more opinions than they used to have. Between social media, home shows and contractor sites, most customers already have a look in mind before you even quote the job. For masonry contractors, having a

Chad Riley
Stone Savvy
MAP Partner
Read More