Find a contractor Buyer's guide Partner with us
MCAA Logo
Log in Sign up Join Hi, there Account
World of Concrete 2027: Join Us in Las Vegas
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issued today in accordance with the President's Executive Order 13789 lists Sec 2704 under proposed regulations to be withdrawn entirely: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In light of these concerns, Treasury and the IRS currently believe that these proposed regulations should be withdrawn in their entirety.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
Making Old Brickwork Look New Again
September 2026

Brickwork is built to last, but mortar isn’t. Over time, exposure to moisture, freeze-thaw cycles, and everyday wear causes joints to crack, crumble, and even recede. What starts as a cosmetic issue can quickly turn into a structural concern if left unadd

Mackenzie Claassen
MAP Partner
Sponsored
Read More
Why Joint Profiles Matter In Masonry Restoration
September 2026

For generations, masonry structures have been defined not only by the brick, block, or stone used in construction, but also by the mortar joints that tie everything together. Whether restoring a historic brick facade, repairing natural stone veneer, or re

Paul Bender
Technical Talks
Joint Reinforcement Jointers Restoration
Read More
Designed for the Way Contractors Work Today
September 2026

Every piece of equipment tells a story about the challenges contractors face. For more than 30 years, the EZG Manufacturing team has listened to those stories—through customer relationships, job site visits, dealer feedback, a

Abigail Spung
Manufacturing Efficiency
Read More
Chemicals In Masonry
September 2026

Mason contractors must deal with chemicals on the job site. One of the main ones comes in the form of dust. Another is acid. From high-rise commercial structures to residential facades, masonry work involves handling raw materials that require careful man

Zach Everett
Safety Library
Safety
Read More