January 12, 2012, 10:21 AM | #1 |
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NFA Trust Q's
two questions related to an NFA trust...
1. Do I pay the $200 tax stamp for every purchase? Example if I buy two suppressors do I pay $400.00? 2. I have a trust all ready, can I use this or should I get a different trust. I have free access to legal resources so its no big deal either way. thx |
January 12, 2012, 02:29 PM | #2 |
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1 yes. $200 per stamp. One stamp per NFA item.
2 It wouldn't hurt.
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January 12, 2012, 03:00 PM | #3 |
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I would get a 2nd trust made because you're going to have to have an amendment for the guns you transfer to the trust anyway...
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January 21, 2012, 06:02 PM | #4 |
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Gun Specific Trust
As the others have answered, it's a separate tax for each NFA item regardless of your legal entity.
Also, I would recommend using a completely different trust designed for you NFA items. Your typical revocable trust provides no guidance on how to deal with NFA firearms which is important because they are so heavily regulated. You should contact a lawyer in your home state to prepare a trust for your specific needs. Regards |
February 1, 2012, 10:38 AM | #5 |
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$$$
Hate to be noisy. But appx how much does a nfa
trust cost?? Thanks |
February 1, 2012, 11:54 AM | #6 | |
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Quote:
I wish I could tell you what they cost, but I don't know. |
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February 1, 2012, 02:55 PM | #7 |
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I too am planning to set up a trust before buying my first NFA item. Here in SC I have had a few lawyers recommended by the local nfa dealers. Rates have ranged from $199-350 depending on lawyer.
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February 11, 2012, 08:42 PM | #8 |
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I just paid a 340 and some change, but had it done by a lawyer that does them pretty frequently- paying a few bucks more gave me the peace of mind that they know what they're doing
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February 11, 2012, 11:38 PM | #9 |
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paying a few bucks more gave me the peace of mind that they know what they're doing.
Good idea. We have an attorney in Houston who does trusts for $350. |
February 12, 2012, 10:10 AM | #10 | |
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Quote:
2. Technically you could use the trust but most people recommend having a separate trust for NFA items.
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February 14, 2012, 12:00 PM | #11 | |
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Quote:
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February 15, 2012, 09:44 AM | #12 |
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You have to drill the receivers on an AK to install the sear and auto parts - the sear isn't the regulated part, the drilled receiver is. There may have been some odd-ball drop-in type sears made for the AK that didn't require modification to the receiver - in that case, it would be the registered part. AK sears can be replaced if/when they wear out, so they aren't technically married to the gun. In certain builds the sear gets married to the gun, but in that case the sear has to be the registered "machinegun".
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