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NFA trust (1 down, another to go).

Discussion in 'NFA Firearms and Accessories' started by GRAPE-DRANK, Apr 21, 2011.

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  1. GRAPE-DRANK

    GRAPE-DRANK Member

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    I joined in March to learn about NFA items.

    I have since hired an attorney to write a trust, bought two suppressors, filled out the forms and sent them in along with the money orders.

    Thanks for the help and keeping the site up-to-date with your NFA experiences.

    I would now like to convert my AR pistol into a SBR and shorten the barrel on my 870. It is my understanding that I have to pay a $200.00 manufacture tax for both items.

    My questions are these.

    Am I right that I have to pay $200.00 tax stamps for both even though the pistol has never had a stock?

    Is my existing trust okay? Can I just make a copy of the one I have and re-notorize if for BATFE compliance?

    Thanks a bunch High Road Community!
     
  2. The Law

    The Law Member

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    A copy of the current trust with the Schedule A (with current trust property) should be sufficient. No new trust is necessary.
     
  3. GRAPE-DRANK

    GRAPE-DRANK Member

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    So let me make sure I understand this. A "schedule A" is a section on the trust. I need to update the schedule A with the NFA items I have been approved for.
     
    Last edited: Apr 21, 2011
  4. kingpin008

    kingpin008 Member

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    Correct.
     
  5. The Law

    The Law Member

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    Typically, a trust will have a list of the trust property included in an attachment, commonly referred to as "Schedule A." This list gets updated as trust property is added to the trust. A properly drafted trust should permit the addition of property to the trust while the trustor/settlor/grantor is alive. This does not constitute and amendment or change to the trust, but merely reflects what the trust currently owns.

    I can't speak specifically to your trust, but this is how it is normally done.
     
  6. smince

    smince Member.

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    Yes. The tax is because you are making a rifle from a pistol. This classifies the gun as a Short-Barreled Rifle.

    A rifle with a barrel shorter than 16" or a shoulder-stocked handgun are both SBR's.
     
  7. fulltanghalo

    fulltanghalo Member

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    To take it even a step further than smince, you could have a billet block of steel that you were gonna machine into a receiver, and you'd still have to get a stamp. The only tax free transfer that I can think of is if you are a beneficiary of a will/estate. Then the ATF generally allows a form 5 tax free transfer, other than that it's gonna cost you 2 Ben Franklin's.
     
  8. flking

    flking Member

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    Consider having a Type 7, SOT 2 do it?

    What would it cost you to have a Type 7 FFL do the cut on your shotgun? He can do it under his SOT type 2 and then transfer it to you.

    If your shotgun came with a pistol grip, He could cut the barrel 2 inches longer than you want- do no finish work what so ever, and transfer it back to you for FIVE dollars as an AOW.

    Once you get it you can clean up the cut, parkerize, polish, etc.

    If your 870 has a shoulder stock you could always consider buying one that has a pistol grip in order to get the AOW classification.
     
  9. smince

    smince Member.

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    Shotguns?

    Which post in this thread mentions 'shotguns' :confused:
     
  10. flking

    flking Member

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    The only '870' I am familiar with in this context is made by Remington and is, indeed, classified by the BATFE as a shotgun.

    I emboldened the text in GRAPE-DRANK's original post below:
    Before typing out your (somewhat insulting) reply suggesting I was out of line a prudent person would have read and understood the thread. So my question to you is, "What 870 where you thinking of?" Perhaps it is something I am not familiar with.
     
    Last edited: Apr 24, 2011
  11. GRAPE-DRANK

    GRAPE-DRANK Member

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    I thought it was just understood that an "870" is a Remington pump action shotgun. According to "The Remington Society of America", the Remington 870 is the "best-selling pump shotgun in firearms history." It's Remington's top sell. Been made since the 50's
     
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