Armory Sponsor
Posted: 2/18/2010 5:41:58 AM EDT
| I'm getting a trust finalized hopefully soon, so I'll be sending in the paperwork for my suppressor right after that. What payment method should I use - money order, certified check, start a checking account for the trust and send a check from the trust? Something else? |
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Quoted: So how would a personal check work since I'm getting it through a trust? Would I send my own or open a checking account in the trust's name and send a trust check? The Man just wants $200. They don't care who's name is on the check. I send MOs. I don't think the method matters. |
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Personal Checks are easier to track, however I always have sent US Postal money orders. I don't know if they wait for personal checks to clear or not I just never wanted to take the chance if they do. the wait to pending and approval is much longer then the wait for a personal check to clear they cash the check immediately upon receiving it and then you wait months for approval |
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Personal Checks are easier to track, however I always have sent US Postal money orders. I don't know if they wait for personal checks to clear or not I just never wanted to take the chance if they do. the wait to pending and approval is much longer then the wait for a personal check to clear they cash the check immediately upon receiving it and then you wait months for approval I know the wait is long, but what if they hold the prints, or some part of the process till the check clears? I know they kicked back my FFL paperwork when I paid with a "debt" Visa instead of a Visa. They process it but it didn't go through, they ran the debt card the day before they mailed it back. I sent it back with a MO and they took it and, the Visa went through 6 days later when the "system" (their words) re-ran the #, took about 6 months for them to refund my money. Check maybe fine, just saying I don't want to do anything that may prolong the wait. |
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Really interesting take on the all the checks. When I send in a F1/F4 personal check, it's usually cleared and posted to my bank account within a week of mailing - I ship the envelope first class, and it clears much much faster than if I pay my buddy with a check & he cashes it same day.
YMMV, I reckon 
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I'm new to this, but I am looking at my trust paperwork and they specifically recommend opening a checking account in the name of the trust and paying with a check drawn on the trust. sounds like a lot of extra work to me if that is all you would be using the Trust for, minimum balance etc... |
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I'm new to this, but I am looking at my trust paperwork and they specifically recommend opening a checking account in the name of the trust and paying with a check drawn on the trust. That's along the lines of what I read somewhere (no idea where though), that's what got me wondering. I know it's more difficult to track, but I think I may go with a certified-mailed money order. At least that way I'll know if they receive, as I'm sure they'll cash it as soon as they get their grubby greedy hands on it. I'll wait for more info and responses before I make a final decision though. Still have some time before I get the trust done 
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I'm getting a trust finalized hopefully soon, so I'll be sending in the paperwork for my suppressor right after that. What payment method should I use - money order, certified check, start a checking account for the trust and send a check from the trust? Something else? Since 2001, I've used personal checks, 100% of the time. Built in, free, delivery confirmation too when it clears the bank :) |
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I'm getting a trust finalized hopefully soon, so I'll be sending in the paperwork for my suppressor right after that. What payment method should I use - money order, certified check, start a checking account for the trust and send a check from the trust? Something else? I have been told by my lawyer that you can pay with a personal check, but sometime in the near future he feels that they are going to start questioning the personal check with a NFA trust purchase. He recommended that if / when this happens to use a USPS money order and not worry about a checking account for the trust... |
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I'm getting a trust finalized hopefully soon, so I'll be sending in the paperwork for my suppressor right after that. What payment method should I use - money order, certified check, start a checking account for the trust and send a check from the trust? Something else? I have been told by my lawyer that you can pay with a personal check, but sometime in the near future he feels that they are going to start questioning the personal check with a NFA trust purchase. He recommended that if / when this happens to use a USPS money order and not worry about a checking account for the trust... This was my line of thought. I'm surprised they don't already mandate that a check be from an account under the trust. But I guess they want the money any way they can get it... |
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I'm getting a trust finalized hopefully soon, so I'll be sending in the paperwork for my suppressor right after that. What payment method should I use - money order, certified check, start a checking account for the trust and send a check from the trust? Something else? I have been told by my lawyer that you can pay with a personal check, but sometime in the near future he feels that they are going to start questioning the personal check with a NFA trust purchase. He recommended that if / when this happens to use a USPS money order and not worry about a checking account for the trust... This was my line of thought. I'm surprised they don't already mandate that a check be from an account under the trust. But I guess they want the money any way they can get it... Again the tax is the SELLERS tax not the PURCHASERS so technically the trust purchasing the gun isn't even supposed to be the person paying the tax. |
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Personal Checks are easier to track, however I always have sent US Postal money orders. I don't know if they wait for personal checks to clear or not I just never wanted to take the chance if they do. the wait to pending and approval is much longer then the wait for a personal check to clear they cash the check immediately upon receiving it and then you wait months for approval I know the wait is long, but what if they hold the prints, or some part of the process till the check clears? I know they kicked back my FFL paperwork when I paid with a "debt" Visa instead of a Visa. They process it but it didn't go through, they ran the debt card the day before they mailed it back. I sent it back with a MO and they took it and, the Visa went through 6 days later when the "system" (their words) re-ran the #, took about 6 months for them to refund my money. Check maybe fine, just saying I don't want to do anything that may prolong the wait. as stated before The Man does not care who or how they get the money as long as they get it I don't think there is right or wrong way to pay the tax and there are multiple was it can be done I think the best is what the payer is most comfortable with. a personal check works for me but may not for others ETA: I didn't know they accepted debit/credit cards I learn something new everyday 
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Personal Checks are easier to track, however I always have sent US Postal money orders. I don't know if they wait for personal checks to clear or not I just never wanted to take the chance if they do. the wait to pending and approval is much longer then the wait for a personal check to clear they cash the check immediately upon receiving it and then you wait months for approval I know the wait is long, but what if they hold the prints, or some part of the process till the check clears? I know they kicked back my FFL paperwork when I paid with a "debt" Visa instead of a Visa. They process it but it didn't go through, they ran the debt card the day before they mailed it back. I sent it back with a MO and they took it and, the Visa went through 6 days later when the "system" (their words) re-ran the #, took about 6 months for them to refund my money. Check maybe fine, just saying I don't want to do anything that may prolong the wait. as stated before The Man does not care who or how they get the money as long as they get it I don't think there is right or wrong way to pay the tax and there are multiple was it can be done I think the best is what the payer is most comfortable with. a personal check works for me but may not for others ETA: I didn't know they accepted debit/credit cards I learn something new everyday
Just for clarification, this is for FFL applications ONLY, not tax stamps. |
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