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re: ATF released some new NFA numbers for wait times...
Posted on 3/15/24 at 6:49 pm to Jon A thon
Posted on 3/15/24 at 6:49 pm to Jon A thon
quote:
Are you guys mostly doing individual stamps or is it still worth setting up a trust? Thinking of building my first SBR amd picking up a silencer.
it all depends. are you single and plan on being single for the forseeable future? go the individual route.
are you married with children and plan on loaning out these items when they're old enough? go the trust route.
every member of the trust can use the NFA item without the Settlor (creator of the trust). just know that every member of the trust will have to fill out a Responsible Persons form when applying for a new tax stamp along with fingerprints and passport style photograph. it sounds like a lot, but it's really not that complicated.
some people start a trust with only themselves listed on it with no one else. they purchase what they want, get approved, and then add folks to the trust after the fact. doing this doesn't force you to resubmit the trust to the ATF or keep them updated. blows my mind that the ATF allows this, but they do.
you would only update them the next time you go to apply for a new stamp, and then you would send your original trust, the amendment showing who you added, and the responsible persons form for the person you added along with their fingerprints and photograph.
regardless, just to be clear, individual or trust, you're still paying $200 per stamp/per item. not $200/person on the trust.
i would go to https://www.nationalguntrusts.com/. lot's of info there and they have email support that can coach you on a few items. they even have YouTube videos on how to fill out the different forms. they make it super-duper easy.
you can get it notified at your bank for free. be sure to bring a friend as a witness. it can't be someone that's on the trust (i think).
then create an eForms account with the ATF.
i've got an SBR on my trust that i submitted through the eForms site. i also have a silencer that's registered with only me (individual). i can transfer it to the trust, but that would be a paper Form 4, RPs forms, fingerprint cards, photos, and another $200. the eForms site isn't set up to do this electronically, yet. hopefully one day in the future.
also, if you die, the ATF allows a free transfer to the inheritor once. when/if they die, the next person will have to pay another $200.
Posted on 3/15/24 at 10:07 pm to finchmeister08
So, say I'm interested in one. Never even shopped. Do I shop first, pick one, buy, then the process starts? I realize this is a dumb question to most of you, but I have only owned a threaded barrel for 3 months now.
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