Transferring NFA Between ALREADY KNOWN Collectors??

[APynckel]

I know the answer to this is "go to a dealer, do a form 4, and transfer it", buuuut...


The tax has already been paid, the two persons are known and already stamp collectors.. WHY THE HELL isn't the transfer of an NFA device not a simple "change of ownership" form / notice?


The rant already being the rant, WHY IS THERE NOT A FAST TRACK SYSTEM FOR ALREADY KNOWN INDIVIDUALS / TRUSTS / COLLECTORS??


Back on topic, who holds the can in the interim? The original owner, or an intermediary Class III dealer? Damnit I miss Sean Cody not being around.

 

[baboon]

When buying NFA always try to buy in state! You do not need a dealer to transfer from an individual in state! An item is held by the person holding the stamp. When the transfer of stamp happen then so does the item. As far as the tax you know damn well why it's in place! Just be glad is is what it has been all these years!

There are plenty of great lawyers who know NFA laws.

 

[or.slacker]

Private transfers don't need and FFL. I've done several.
Buyer pays seller for the can.
Seller fills out F4 paperwork and gives to buyer. Buyer finishes F4, and pays for the stamp when mailing in form4. Then when the stamp is approved seller gives the Buyer the can.

 

[wakal]

Because having a "frequent flier" program for NFA items makes sense, is flawlessly logical, and so of course our benevolent masters cannot allow it.

It cracks me up every time I have to wait eight to twelve months to transfer a can from my dealer account to...me...

 

[Renegade]

I know the answer to this is "go to a dealer, do a form 4, and transfer it", buuuut...


The tax has already been paid, the two persons are known and already stamp collectors.. WHY THE HELL isn't the transfer of an NFA device not a simple "change of ownership" form / notice?


The rant already being the rant, WHY IS THERE NOT A FAST TRACK SYSTEM FOR ALREADY KNOWN INDIVIDUALS / TRUSTS / COLLECTORS??


Back on topic, who holds the can in the interim? The original owner, or an intermediary Class III dealer? Damnit I miss Sean Cody not being around.

In-state does not require FFL. F4 direct. Owner holds item till xfer.

Out -of-state must go to FFL on F4. Owner holds item till xfer.

 

[lonestardiver]

In-state does not require FFL. F4 direct. Owner holds item till xfer.

Out -of-state must go to FFL on F4. Owner holds item till xfer.

The out of state to an FFL I believe will require 2 form 4’s…first to the FFL dealer and a second to the end buyer.

 

[APynckel]

Okay, it's in state so that's good. Can I still use a silencerco kiosk for the forms? Or does it have to be manual?

 

[lonestardiver]

Okay, it's in state so that's good. Can I still use a silencerco kiosk for the forms? Or does it have to be manual?

Check with Silencer Shop since it is their kiosk. I have only used the Kiosk in relation to a transaction with them.

 

[baboon]

No time like the present to learn how to fill out a transfer! Nice thing about filling paper is you actually get the tax stamp. E File = E Stamp.

 

[APynckel]

Oh I've done them in the past by hand, the kiosk just makes sending everything in a breeze.

Oh, and a trust, so no matter how I file, I get a physical stamp.

 

[baboon]

I don’t think the trust has anything to do with the physical stamp as much as e-filing. I had heard non trust are quicker because there’s generally more people on the trust to check out.

 

[APynckel]

I don’t think the trust has anything to do with the physical stamp as much as e-filing. I had heard non trust are quicker because there’s generally more people on the trust to check out.

Well you can't efile a form 4 with a trust.

ATF eForm 4 Wait Times - Silencer Shop

These ATF wait times are based off of recent approvals. Whether you're looking for suppressor wait times or an SBR tax stamp wait time, see what time frames are looking like now!

www.silencershop.com

 

[baboon]

Well you can't efile a form 4 with a trust.

ATF eForm 4 Wait Times - Silencer Shop

These ATF wait times are based off of recent approvals. Whether you're looking for suppressor wait times or an SBR tax stamp wait time, see what time frames are looking like now!

www.silencershop.com

My buying of NFA has come to an end some time back. IIRC there was talk of of opening e-file to trust.

At this point I would have to win a Powerball or Mega Million to buy some belt feds and a vehicle to mount them on!

 

[lonestardiver]

Well you can't efile a form 4 with a trust.

ATF eForm 4 Wait Times - Silencer Shop

These ATF wait times are based off of recent approvals. Whether you're looking for suppressor wait times or an SBR tax stamp wait time, see what time frames are looking like now!

www.silencershop.com

You can’t efile a form 4 period. It will be on paper so trust or not you will get a physical stamp. A single person trust with a beneficiary goes about as fast as an individual since there is only 1 responsible person. Add others later when you finish getting items… That is where I like the single shot trusts through Silencer Shop for items purchased through them. This way each item is separate and can be easily designated to others on my passing…and I can add specific people to specific trusts.

 

[APynckel]

You can’t efile a form 4 period. It will be on paper so trust or not you will get a physical stamp. A single person trust with a beneficiary goes about as fast as an individual since there is only 1 responsible person. Add others later when you finish getting items… That is where I like the single shot trusts through Silencer Shop for items purchased through them. This way each item is separate and can be easily designated to others on my passing…and I can add specific people to specific trusts.

Gotta love Sean's post 41F trust!

 

[GeorgeS]

The point is to delay your transfer as long as possible. I've had some Form 4s take five months (last year), and as long as eleven months (under the Obama administration).

E-filed Form 1s are fast, especially for individuals. My latest two took fourteen days.

E-filing of Form 4s is on the way. How long it takes to get here is the question.

 

[APynckel]

The point is to delay your transfer as long as possible. I've had some Form 4s take five months (last year), and as long as eleven months (under the Obama administration).

E-filed Form 1s are fast, especially for individuals. My latest two took fourteen days.

E-filing of Form 4s is on the way. How long it takes to get here is the question.

Well it looks like they just launched efile for form 4s. Now, how to do so between 2 trusts?

 

[GeorgeS]

The receiving trust would file the Form 4 (if the transferring trust is in the same state) with all required 'Responsible Persons' forms, photos, and fingerprints. If the transferring trust is in a different state, a Form 3 would be required first.

 

[lonestardiver]

Form 3 is dealer to dealer. Once a stamp is issued all other transfers of that item are form 4.

 

[GeorgeS]

Thanks! So if both participants are non-dealers and in different states, they can send the item across state lines once the Form 4 is approved?

So many nuances.