Category Archives: NFA Trusts

Will my beneficiaries have to pay a transfer tax when my NFA trust distributes my assets?

The short answer is “No. At least not currently.”  But that qualifier is an important part of the answer. Currently the ATF allows transfers of NFA items to devisees, heirs, or specified beneficiaries to be tax-free via a Form 5. The … Continue reading

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We have an update on the ATF’s proposed NFA trust rule changes

Last week, the board of the American Silencer Association (ASA) met with the NFA branch to get an update on the status of the proposed rule change regarding the use of trusts to acquire NFA items. As you may recall, the … Continue reading

Posted in 41P, ATF, BATFE, Form 1, Form 4, Machine Guns, NFA Trusts, Regulatory Rulemaking, SBR, Short Barreled Rifles, Short Barreled Shotguns | Comments Off on We have an update on the ATF’s proposed NFA trust rule changes

Can I change the name of my NFA trust?

Recently I was contacted by a client who had, in years past, used a software package to make his own NFA trust. He had successfully registered several suppressors using the trust but had run into trouble when he decided that … Continue reading

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ATF eForms offer significantly improved wait times

As more and more people join the ranks of NFA collectors, wait times for paper applications have increased significantly. But with the advent of ATF eForms there is hope! One of my clients submitted their eForm application on September 25th … Continue reading

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It’s time to comment on ATF’s disastrous proposed rulemaking

For those of you who are not familiar with the issue, the ATF is proposing to modify the regulations governing NFA applications for trusts, corporations, and other non-individual legal entities. If you are not a NFA collector, you might be tempted to … Continue reading

Posted in 41P, ATF, BATFE, Machine Guns, NFA Trusts, Short Barreled Rifles, Short Barreled Shotguns | Comments Off on It’s time to comment on ATF’s disastrous proposed rulemaking