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Posted: 1/15/2021 10:38:40 PM EDT
[#1]
No, the CLEO already gets a notification when an FFL gets their license. They don't have to notify each time they get a title II gun in, it's part of being an FFL.
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Posted: 1/16/2021 3:52:12 PM EDT
[#2]
Quote HistoryQuoted: No, the CLEO already gets a notification when an FFL gets their license. They don't have to notify each time they get a title II gun in, it's part of being an FFL. Ok, thanks. I'll leave that section blank then. |
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Posted: 1/16/2021 5:39:26 PM EDT
[#3]
Quoted: I am trying to transfer a personally owned item that is currently on a form 4 to my SOT and I'm wondering if I need to fill out section 12, CLEO notification. Has anyone had experience in this rather odd situation before? 12. Law Enforcement Notification (See instruction 2f) "(See instruction 2f)" is where you should find the answer. Of course in true Gov fashion, 2d is where the actual answer is... |
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Posted: 1/16/2021 11:29:30 PM EDT
[#4]
I have heard different answers but do you need to pay the tax stamp for each item if you own the SOT?
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Posted: 1/16/2021 11:51:10 PM EDT
[#5]
Quote HistoryQuoted: I have heard different answers but do you need to pay the tax stamp for each item if you own the SOT? Yes, since you are transferring ownership from an individual or trust to the FFL/SOT, it would require a paid tax stamp on form 4 for each item being transferred. |
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Posted: 1/17/2021 8:38:41 PM EDT
[#6]
Just to clarify if you currently owe the items as a individual on a form 4. Plus you now own a sole proprietor SOT. I previously heard that it maybe possible to transfer to the business tax free.
I know this can not happen for a trust or between a individual and a trust. |
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Posted: 1/17/2021 9:10:01 PM EDT
[#7]
Quote HistoryQuoted: Just to clarify if you currently owe the items as a individual on a form 4. Plus you now own a sole proprietor SOT. I previously heard that it maybe possible to transfer to the business tax free. I know this can not happen for a trust or between a individual and a trust. You heard wrong. The only "tax free" NFA transfers are Form 3 (SOT to SOT ) & Form 5 (transfer to lawful heir or government entity). As neither applies to your situation you pay $200. |
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Posted: 1/17/2021 9:13:17 PM EDT
[#8]
Quote HistoryQuoted: Just to clarify if you currently owe the items as a individual on a form 4. Plus you now own a sole proprietor SOT. I previously heard that it maybe possible to transfer to the business tax free. I know this can not happen for a trust or between a individual and a trust. As stated above, there is no transfer. But a sp can just put their personally owned guns on their books. |
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Posted: 1/17/2021 10:07:52 PM EDT
[#9]
Quote HistoryQuoted: As stated above, there is no transfer. But a sp can just put their personally owned guns on their books. So are you saying as as SP, there is some way I can have my personally owned MG added to my book and not do a form 4 and pay the $200? |
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Posted: 1/17/2021 10:14:31 PM EDT
[#10]
If your a SP FFL/SOT and your MG is on a F4 as individual I don’t think you have to do anything. It’s all registered to you.
Same reason as a SP SOT you can keep pre 86 dealer sample mg after you give up your FFL/sot. It’s all registered to you as an individual. This is just my understanding. I’m not and attorney and didn’t stay and a holiday inn express. |
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Posted: 1/17/2021 10:17:18 PM EDT
[#11]
Quote HistoryQuoted: So are you saying as as SP, there is some way I can have my personally owned MG added to my book and not do a form 4 and pay the $200? You did the F4 and paid the $200. Now you have FFL/SOT. No need to transfer to yourself again. |
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Posted: 1/17/2021 10:51:23 PM EDT
[#12]
Yep
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Posted: 1/18/2021 1:31:35 AM EDT
[#13]
Quote HistoryQuoted: You did the F4 and paid the $200. Now you have FFL/SOT. No need to transfer to yourself again. I want it on a form 3 so I can list and sell it quick with efile. |
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Posted: 1/18/2021 1:45:54 AM EDT
[#14]
Quote HistoryQuoted: I want it on a form 3 so I can list and sell it quick with efile. Is there something preventing you from manually entering it into eForms at that time? The whole "on a Form []" thing is meaningless. All that matters is the status of the gun and the 2 parties doing the transfer. |
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Posted: 1/18/2021 1:43:32 PM EDT
[#15]
If you contact them, the ATF will tell you to file a tax free Form 5 (check the Other box and note that you're updating your inventory) to put NFA items that were personally owned prior to getting your FFL/SOT into your online inventory. I had luck a while ago posting a question to Ask the Experts and then emailing the respondent a copy of my F4, took about a week to show up in my online inventory. YMMV
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Posted: 1/18/2021 1:48:02 PM EDT
[#16]
Quote HistoryQuoted: If you contact them, the ATF will tell you to file a tax free Form 5 (check the Other box and note that you're updating your inventory) to put NFA items that were personally owned prior to getting your FFL/SOT into your online inventory. I had luck a while ago posting a question to Ask the Experts and then emailing the respondent a copy of my F4, took about a week to show up in my online inventory. YMMV I like this! Thanks! |
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Posted: 1/18/2021 1:53:34 PM EDT
[#17]
Quote HistoryQuoted: If you contact them, the ATF will tell you to file a tax free Form 5 (check the Other box and note that you're updating your inventory) to put NFA items that were personally owned prior to getting your FFL/SOT into your online inventory. I had luck a while ago posting a question to Ask the Experts and then emailing the respondent a copy of my F4, took about a week to show up in my online inventory. YMMV |
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Posted: 1/18/2021 2:27:07 PM EDT
[#18]
Quote HistoryQuoted: That's pretty cool! Thanks for the pro tip. Quote HistoryQuoted: Quoted: If you contact them, the ATF will tell you to file a tax free Form 5 (check the Other box and note that you're updating your inventory) to put NFA items that were personally owned prior to getting your FFL/SOT into your online inventory. I had luck a while ago posting a question to Ask the Experts and then emailing the respondent a copy of my F4, took about a week to show up in my online inventory. YMMV +1 |
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Posted: 1/18/2021 3:07:19 PM EDT
[#19]
Quote HistoryQuoted: If you contact them, the ATF will tell you to file a tax free Form 5 (check the Other box and note that you're updating your inventory) to put NFA items that were personally owned prior to getting your FFL/SOT into your online inventory. I had luck a while ago posting a question to Ask the Experts and then emailing the respondent a copy of my F4, took about a week to show up in my online inventory. YMMV But then it is on form 5! Seriously the efforts folks make to do it the hard way is amazing |
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Posted: 1/18/2021 3:44:30 PM EDT
[#20]
I'm assuming his whole reasoning is to make "fast transfer in eForms" part of the advertising.
How much slower is it when you manually enter a gun not currently on eForm's inventory? |
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Posted: 1/20/2021 1:08:09 AM EDT
[#21]
I am a new SOT, but an FFL for many years. If I have an H&K SP5 pistol in inventory and add a stock to it creating an SBR and want to keep it for myself, I assume I don't have to do a Form 4 for myself, do I? I have not done any SOT transaction since getting it. Can I just sign it out on my A&D book to myself?
New to all this so any help appreciated. |
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Posted: 1/20/2021 1:18:03 AM EDT
[#22]
Quote HistoryQuoted: I am a new SOT, but an FFL for many years. If I have an H&K SP5 pistol in inventory and add a stock to it creating an SBR and want to keep it for myself, I assume I don't have to do a Form 4 for myself, do I? Are you a Class II SOT? 07/02? |
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Posted: 1/20/2021 1:36:13 AM EDT
[#23]
Class 1 FFL + SOT NFA Dealer. Sole proprietor, no LLC or Inc. No manufacturing licensing.
Don't even know how I differentiate between standard and NFA transactions yet. Just got the SOT so learning the ropes ... |
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Posted: 1/20/2021 1:43:30 AM EDT
[#24]
Quote HistoryQuoted:
Class 1 FFL + SOT NFA Dealer. Sole proprietor, no LLC or Inc. No manufacturing licensing. Don't even know how I differentiate between standard and NFA transactions yet. Just got the SOT so learning the ropes ... If you are an 03/01 you will need to fill out a tax paid Form 1 like an individual and wait for approval before adding the stock to your SP5, although there is a spot to add your FFL information on the Form 1. However, if you make an NFA firearm on a tax paid Form 1 as an individual and you are also a sole prop FFL/SOT 03/01 I believe you could then sell it via a tax free Form 3 should you choose to. (or just keep it as its registered to you) |
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Posted: 1/20/2021 1:47:28 AM EDT
[#25]
Quote HistoryQuoted: Class 1 FFL + SOT NFA Dealer. Sole proprietor, no LLC or Inc. No manufacturing licensing. You can do an eForm 1 to SBR the SP5. That's the quickest way. You don't have to submit fingerprint cards or a photo. You'll need to engrave like a manufacturer. You can use your trade name if you have one. |
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Posted: 1/20/2021 3:27:03 PM EDT
[#26]
Quote HistoryQuoted: Class 1 FFL + SOT NFA Dealer. Sole proprietor, no LLC or Inc. No manufacturing licensing. Don't even know how I differentiate between standard and NFA transactions yet. Just got the SOT so learning the ropes ... The easiest way to do this as an 01/03 FFL is to make friends with an 07/02, have them register it on an F2 and then F3 it back to you. You may or may not have to buy them a case of beer occasionally... |
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Posted: 1/24/2021 8:40:33 AM EDT
[#27]
Quote HistoryQuoted: The easiest way to do this as an 01/03 FFL is to make friends with an 07/02, have them register it on an F2 and then F3 it back to you. You may or may not have to buy them a case of beer occasionally... 
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