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#26 |
Junior Member
Join Date: November 10, 2010
Posts: 7
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That does make sense with the way it is worded. I agree.
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#27 |
Junior Member
Join Date: May 29, 2007
Location: Provo, UT
Posts: 9
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Several years ago I bought a used .22 silencer from a sheriffs department. After double checking with a phone call to NFA branch, the silencer transferred directly to me as an individual from the department on a Form 5 tax exempt. The county sheriff signed the form twice, once as the transferror and once for the CLEO approval.
The form does clearly state it is for transfers TO OR FROM a government agency. But before anyone gets any ideas, having a department purchase an NFA item just to transfer to you as an individual on a Form 5 is considered tax evasion. |
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#28 |
Senior Member
Join Date: September 9, 2008
Location: Fredericksburg, VA
Posts: 958
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Well I guess that settles it. Many thanks Corey.
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#29 | ||
Member
Join Date: April 13, 2008
Posts: 94
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Quote:
Second, that is not a Form 10 shown in the picture. It has a tax stamp on it, and FFL/SOT info. You will have neither of those on a Form 10. You can view the form here. As noted, transfers to or from a government agency are tax-free, and are done with a Form 5. I've got two NFA firearms that I bought this way. If the buyer resides in the same state as the selling agency, the firearm can transfer directly to the buyer. If the buyer resides in a different state, it's just like any other out-of-state transfer. The firearm transfers (tax-free Form 5) to a dealer in the buyer's home state, and then transfers (tax-paid Form 4) to the individual. Quote:
Consider when an NFA firearm was first "made". It would have been registered using either a Form 1 or Form 2, depending on the FFL/SOT status (or lack thereof) of the maker. It would then transfer to a buyer using a Form 3, 4, or 5, again depending on the status (SOT to SOT, SOT to non-SOT, or SOT to gov. agency) of the buyer and seller. It has nothing to do with the status of the gun. Consider an SOT who buys a pre-'86 dealer sample MG. If it is bought from another SOT, it would transfer tax-free using a Form 3. Now if the individual doesn't renew his SOT status, he can still keep the gun (this only works for pre-'86 MGs, not posties). Say he later wants to sell the gun. It has to go to an FFL/SOT. But since the seller no longer has SOT status, the gun would transfer tax-paid via Form 4. Nothing has changed with the gun's status. It's exactly the same as when it was last transferred. What has changed is the owner's status, which is why the different form. So again, guns are not on forms. They transfer based on the status of the buyer & seller. |
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