Category Archives: NFA Trusts

Checking the status of your NFA application

With lead-times for NFA applications exceeding eight months and rising, I am often asked how to go about checking the status of an application. The ATF addresses this question on their NFA Frequently Asked Questions Page. “If you wish to … Continue reading

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All NFA application processing is suspended during the shutdown

I have been contacted by several clients asking whether or not the government shutdown is affecting the processing of Form 1 and Form 4 applications. Unfortunately the answer is yes.  During the shutdown, all Form 1, 3, and 4 applications … Continue reading

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The devil is in the details with proposed NFA trust changes

As of last Monday’s Federal Register, we now have the full text of the proposed regulatory changes that the Obama Administration is pushing to close what they are calling the ‘trust loophole’ and it is far worse than I had … Continue reading

Posted in 41P, ATF, BATFE, Estate Planning, Form 1, Form 4, NFA Trusts, Regulatory Rulemaking, Second Amendment | Comments Off on The devil is in the details with proposed NFA trust changes

The Obama Administration is pushing for regulatory changes to NFA trusts

Today The Hill’s regulatory blog reported that the Obama Administration is putting its weight behind regulatory rulemaking to close what they are calling the “gun trust loophole.” While this administration likes to describe any lawful activity with which it disagrees as a … Continue reading

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Form 1 … We have a problem

When completing a Form 1 application for the manufacture of an NFA item on which you will be paying the applicable tax, the text accompanying Question Number 1 always causes confusion for the new collector. “So what exactly is so confusing?” … Continue reading

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