March 20, 2010, 06:47 AM | #1 |
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Form 3 vs. Form 4
What is the difference between an item on a Form 3 vs. a Form 4?
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March 20, 2010, 08:45 AM | #2 |
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Form 3 is for tax free dealer to dealer transfer. Form 4 is the $200 tax transfer to an individual.
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March 20, 2010, 08:49 AM | #3 |
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I see I was already beaten to the punch as I was writing this.
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March 21, 2010, 02:53 AM | #4 |
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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?
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March 21, 2010, 05:43 AM | #5 |
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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.
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March 21, 2010, 01:28 PM | #6 |
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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. |
March 22, 2010, 05:28 AM | #7 | |
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Quote:
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March 22, 2010, 08:39 AM | #8 | |
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Quote:
joat
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