dogtown tom
Member
rcmodel My FFL charges $5.00 bucks.
He used to do it free, but the ATF said he had to show a profit to renew his licence he has held for 45 years.
So he started charging five bucks..
Huh?
1. ATF has no authority to tell an FFL what can or cannot be charged for a transfer. There is no ATF regulation that requires the FFL to make a certain profit, only that the licensee be engaged in the business of dealing in firearms. When the ATF Industry Operations Investigator comes for a compliance inspection he doesn't look at my bound book and ask "sooo......how much money did you make this year???" He wants to see entries in my bound book, the more the better. Bound book entries= engaged in the business of dealing in firearms.
2. ATF can view my bound book, 4473's and check my inventory during a compliance inspection. Anything else (such as financial records) would require a warrant.