gatordev
18 October 2012, 14:00
Let me preface this by saying I understand that there can be a lot of noise on the internet about how the ATF will be knocking on your door for various reasons and how some of those reasons may or may not be far-fetched (like multiple uppers for one lower, for example). So with that said, I'm asking both if I'm understanding (or misunderstanding) something regarding a transfer as well as if anyone has done the same thing.
Here's the scenario...
Let's say you purchase a NFA item from an out of state dealer with personal funds (and not funds from a Trust). The dealer Form 3s it to your in-state dealer. You then fill out the Form 4 along with all the normal stuff (trust, compliance, assignments) and pay the tax with funds from the Trust.
Are you conducting an authorized transfer because you bought it personally? Or, maybe another way to ask this is when a Form 3 is approved, that's only between the two dealers, right? Or does the individual buyer's name go on there, as well?
I ask because of this link:
http://www.guntrustlawyer.com/2012/06/atf-indicted-15-individuals-fo.html
Furthermore, in some other documentation, he recommends that even if you did what I described above, you could just submit a letter authorizing the purchase and include it in all the other paperwork when you send off the Form 4.
Has anyone done this? Or anyone worried about it? Or does this not apply because it would be Form 3'ed first?
I've only done Form 1s before, so I'm trying to make sure I understand the Forms 3 and 4 process ahead of time.
Appreciate any thoughts.
Here's the scenario...
Let's say you purchase a NFA item from an out of state dealer with personal funds (and not funds from a Trust). The dealer Form 3s it to your in-state dealer. You then fill out the Form 4 along with all the normal stuff (trust, compliance, assignments) and pay the tax with funds from the Trust.
Are you conducting an authorized transfer because you bought it personally? Or, maybe another way to ask this is when a Form 3 is approved, that's only between the two dealers, right? Or does the individual buyer's name go on there, as well?
I ask because of this link:
http://www.guntrustlawyer.com/2012/06/atf-indicted-15-individuals-fo.html
Furthermore, in some other documentation, he recommends that even if you did what I described above, you could just submit a letter authorizing the purchase and include it in all the other paperwork when you send off the Form 4.
Has anyone done this? Or anyone worried about it? Or does this not apply because it would be Form 3'ed first?
I've only done Form 1s before, so I'm trying to make sure I understand the Forms 3 and 4 process ahead of time.
Appreciate any thoughts.