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Posted: 7/30/2015 5:40:22 PM EDT
I bought a stripped lower when Obama was elected.  Can I make it into a SBR?  Sorry about such a newbie question, I know that if possible I will have to pay the SBR tax and add to a trust.
Link Posted: 7/30/2015 5:46:40 PM EDT
[#1]
Yes you need to have the trust set up and fill out a form one. Wait for the stamp to come back and you can build the SBR.
Link Posted: 7/30/2015 6:03:37 PM EDT
[#2]
Thanks for the info!!!!!
Link Posted: 7/31/2015 8:11:42 AM EDT
[#3]
No, you do not "need" to have a trust set up.  Many people do (including myself), but there's no requirement for one.  Without a trust, though, you need to file a paper Form 1 (though it sounds like the timelines on those are about the same as for eForms now), get fingerprinted, photos taken, and CLEO signature.  With a trust, you can e-file, and don't need prints/photos/signatures.
Link Posted: 7/31/2015 9:16:56 AM EDT
[#4]
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Quoted:
No, you do not "need" to have a trust set up.  Many people do (including myself), but there's no requirement for one.  Without a trust, though, you need to file a paper Form 1 (though it sounds like the timelines on those are about the same as for eForms now), get fingerprinted, photos taken, and CLEO signature.  With a trust, you can e-file, and don't need prints/photos/signatures.
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I think OP was stating that that's his plan, so teerex was just walking him through what had to happen if he goes that route
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