The Firing Line Forums

Go Back   The Firing Line Forums > The Hide > NFA Guns and Gear

Reply
 
Thread Tools Search this Thread
Old March 20, 2010, 06:47 AM   #1
gyvel
Senior Member
 
Join Date: August 30, 2009
Location: Northern AZ
Posts: 7,172
Form 3 vs. Form 4

What is the difference between an item on a Form 3 vs. a Form 4?
gyvel is offline  
Old March 20, 2010, 08:45 AM   #2
Willie Lowman
Senior Member
 
Join Date: March 5, 2009
Location: Uh-Hi-O
Posts: 2,624
Form 3 is for tax free dealer to dealer transfer. Form 4 is the $200 tax transfer to an individual.
__________________
"9mm has a very long history of being a pointy little bullet moving quickly" --Sevens
Willie Lowman is offline  
Old March 20, 2010, 08:49 AM   #3
Crosshair
Senior Member
 
Join Date: December 16, 2004
Location: Grand Forks, ND
Posts: 5,332
I see I was already beaten to the punch as I was writing this.
__________________
I don't carry a gun to go looking for trouble, I carry a gun in case trouble finds me.
Crosshair is offline  
Old March 21, 2010, 02:53 AM   #4
gyvel
Senior Member
 
Join Date: August 30, 2009
Location: Northern AZ
Posts: 7,172
So, in a hypothetical instance, if an NFA weapon is advertised as being "on a Form 3" (assuming it's not any sort of dealer sample) can it be transferred to an individual if the individual submits the proper paperwork (i.e. Form 4) to ATF?
gyvel is offline  
Old March 21, 2010, 05:43 AM   #5
1911rocks
Senior Member
 
Join Date: September 9, 2006
Posts: 424
Form 3 items

Transfer a Form 3 to an individual? Not necessarily a Form 3 is also used when a Foreign made NFA weapon (like a MP5 in select fire, not converted in the US) is transferred from a Dealer to a Dealer, or to a Government Agent (Fed, LEO,etc). This type of NFA weapon cannot be transferred to a Private Individual.
1911rocks is offline  
Old March 21, 2010, 01:28 PM   #6
David Hineline
Senior Member
 
Join Date: December 23, 1999
Location: South Sioux City, Nebraska
Posts: 704
If a gun is listed on form 3 that means it is in dealer inventory and ready to transfer directs in an individual in the state of the dealer's license or transfer to a dealer tax free in the state of residence of the buyer so that dealer can transfer on form 4 to the buyer.

There are guns that transfer on form 3 only to other dealers but stating such in a for sale post would be silly since all dealer sample guns would transfer on a form 3 and that would be assumed.

If a gun is listed as on a form 4 the downside to that is is selling out of state the transfer tax is doubled. One tax to get it to a dealer one tax to get it to an individual both on form 4.
David Hineline is offline  
Old March 22, 2010, 05:28 AM   #7
gyvel
Senior Member
 
Join Date: August 30, 2009
Location: Northern AZ
Posts: 7,172
Quote:
If a gun is listed as on a form 4 the downside to that is is selling out of state the transfer tax is doubled. One tax to get it to a dealer one tax to get it to an individual both on form 4.
So, in this case, if the weapon is owned by an individual and NOT in the inventory of a dealer, the individual must pay $200.00 to transfer it to an SOT3, who, presumably, will sell it to the purchaser who must pay another $200.00?
gyvel is offline  
Old March 22, 2010, 08:39 AM   #8
Joat
Senior Member
 
Join Date: March 31, 2008
Location: Dayton, TX
Posts: 383
Quote:
... if the weapon is owned by an individual and NOT in the inventory of a dealer, the individual must pay $200.00 to transfer it to an SOT3, who, presumably, will sell it to the purchaser who must pay another $200.00?
If the weapon is transfered in state there is no need for it to be transfered to a SOT3 prior to transferring to the buyer. If the transaction crosses state lines than yes, it would need to be transferred to a SOT3 (tax paid) then transferred to the buyer (tax paid).

joat
__________________
All things being equal, fat people use more soap. (I know I am one.) High speed, low drag does not even come close to describing ME.
Joat is offline  
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 08:09 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
This site and contents, including all posts, Copyright © 1998-2018 S.W.A.T. Magazine
Copyright Complaints: Please direct DMCA Takedown Notices to the registered agent: thefiringline.com
Contact Us
Page generated in 0.05499 seconds with 10 queries