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| -Land of the Free |
| New option for NFA purchases... |
| 2021-02-27 |
| [Truth About Guns] Buying an NFA item — a silencer, short barreled rifle/shotgun, machine gun, "any other weapon," or destructive device — involves jumping through a series of .gov hoops, including paying a special tax and submitting a registration form. Perhaps the most complicated part for first-time buyers is deciding whether to register as an individual, as a trust, or as a corporation, and this decision must be made right off the bat. The simplest and, in my opinion, the best option? A Single Shot Trust from Silencer Shop. REGISTERING WITH A SINGLE SHOT TRUST Silencer Shop creates an NFA trust (also often called a "gun trust" / "silencer trust" / "suppressor trust") that is tied to one NFA item and one NFA item only, and is named for that item (e.g. "SilencerModel SN:1234 Trust"). Hence the "Single Shot" moniker. Purchase a suppressor, add the $24.95 Single Shot Trust product and a tax stamp, and Silencer Shop does the rest. ATF will register your shiny new NFA item to the trust, meaning the trust is the legal owner of said item. You’re listed on the trust as the only trustee (for now). As with every other way to register, you’ll need a passport-style photograph and fingerprints to accompany the ATF Form 4. Silencer Shop makes this easy by allowing you to upload your photo to your Silencer Shop account (literally take a cell phone selfie in front of a white wall and upload it). For fingerprinting, use a Silencer Shop S.I.D. Kiosk (they’re at hundreds of dealers around the country) for an easy process that’s automatically synced to your account, get digital fingerprinting done at some other place local to you, or use a paper fingerprinting packet if necessary. Once these things are in your Silencer Shop account, they’ll be included automatically with any future NFA registrations you do through Silencer Shop so you don’t have to worry about it again. Fast forward a few months and your trust has been issued a cancelled tax stamp as proof of your paid NFA tax, which is stuck to your approved ATF registration "Form 4." Now what? Well, right now you’re effectively in the same boat as having registered as an individual. But, unlike with an individual registration, you aren’t stuck in this boat: o Example: add your spouse so she/he isn’t legally in felonious possession of an NFA item should you be out of the house (if anyone else in your home has the code to the safe or if the NFA item isn’t locked up, they’re "in possession" of it) or if you leave it in your range bag in the trunk of the car and the wife borrows it. o Example: add your hunting buddy so he can hunt suppressed on his big trip, then remove him afterwards (if you so choose). This sort of simplicity and flexibility is worth so much more than the $24.95 cost of the Single Shot Trust. Of course, if you plan to eventually buy 5+ NFA items (you do), Silencer Shop also offers a Single Shot Unlimited Trust for $129.95. As the name implies, this all-you-can-eat plan means you get unlimited Single Shot Trusts after that one-time payment. Either option you choose allows you more control over who can handle which NFA item, with far less hassle and expense. |
| Posted by:M. Murcek |
| #5 @Murcek Fast forward a few months and your trust has been issued a cancelled tax stamp as proof of your paid NFA tax, |
| Posted by: KBK 2021-02-27 13:18 |
| #4 #2. Your name attached to a non-registered NFA item is called an indictment. Conviction can carry a 10 year stretch and a huge fine. That's the point. |
| Posted by: M. Murcek 2021-02-27 11:07 |
| #3 You don't need Silencer Shop. You can do this yourself. But it's cool that they are offering it as a service. |
| Posted by: Angstrom 2021-02-27 10:58 |
| #2 Er... your name's still tied to the item. Our new Cheka can still find you, easily. What am I missing here? What's the point of this? |
| Posted by: Flaviting Hapsburg3448 2021-02-27 10:55 |
| #1 Need More See |
| Posted by: Silently Calvin1926 2021-02-27 10:38 |