While the BATFE used to require an individual to file a Form 5 and receive approval before sending the firearm to the gun smith, theBATFE several years ago said that such was no longer required. However, and an issue that most inadvertently overlook, the BATFEhas never said that a Form 5320.20 (BATFE Form 5320.20) does not have to be submitted … Continue reading What to do when sending an NFA firearm across state lines to be repaired
NFA and Constructive Possession: Myth or Reality?
Many individuals who own National Firearms Act firearms (Machineguns, suppressors, SBSs, SBRs, DDs, and AOWs) are concerned whether other individuals who live in their house can be charged with constructive possession for the NFA firearms. Pursuant to the NFA, only the person who is approved for the transfer/making of NFA firearm by the BATFE may … Continue reading NFA and Constructive Possession: Myth or Reality?
Inheritance Tax Rates
In 2009, in order to be subject to Federal Estate tax, an estate must exceed $3,500,000 in value. The maximum tax rate for 2009 is 45%. By the year 2010, the Federal Estate tax is eliminated!! This means that in the year 2010, no one leaving an estate of any size will pay a Federal … Continue reading Inheritance Tax Rates
Can I transport a Title II firearm across state lines if it is change to Title I?
While I would ALWAYS suggest that any individual who owns aSBR/SBS NFA Firearm submit and receive an approved 5320.20 before crossing state lines, the BATFE has issued a letter that where the individual temporarily converts a Title II firearm to a Title 1 firearm, he/she may take it across state lines without submitting and receiving an approved 5320.20. You can see the letter … Continue reading Can I transport a Title II firearm across state lines if it is change to Title I?
Can a Gun (NFA) Trust be Issued a Curios and Relics License?
The short answer is NO. The BATFE is in charge of licensing Federal Firearms Licenses (FFL). A Type 03 License is a license for collectors of “Curios and Relics,” also referred to as a C&R License. As theBATFE states, a C&R License pertains exclusively to firearms classified as curios and relics, and it’s purpose is to facilitate a … Continue reading Can a Gun (NFA) Trust be Issued a Curios and Relics License?
BATFE Approves INVALID Trust
In an extremely disconcerting scenario, the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) has approved an application to make an NFA firearm, while acknowledging that the trust was not valid. As posted on Silencertalk.com, “Well I just got back two approved form 1 SBR’s and on the back of one of my forms it is highlighted and says ‘consult … Continue reading BATFE Approves INVALID Trust
What’s the difference between Social Security Disability and SSI?
Generally, in order to receive Social Security Disability benefits, one has to pay into the Social Security system. The minimum one has to pay to be eligible for Disability benefits is 40 quarters of employment, which equals ten years. SSI benefits are payable to disabled individuals who have not paid enough into the system in order … Continue reading What’s the difference between Social Security Disability and SSI?
BATFE Letter Requesting Removal of a SBR/SBS from the NFRTR
Below is a generic letter that can be sent to the BATFE when an individual wishes to convert a Title II firearm (short barreled shotgun or short barreled rifle) back into a Title 1 firearm. If you want a Word version of the below form, click here. You should send the letter certified mail and keep the receipt because … Continue reading BATFE Letter Requesting Removal of a SBR/SBS from the NFRTR
Can I get Social Security Disability Benefits and Unemployment Benefits at the same time?
No. If you are receiving unemployment benefits, you are telling a State agency that you are ready and able to work, but no work is available. When applying for Social Security disability benefits, you are alleging that you are unable to perform any type of work due to a disabling condition.
Can I Use Quicken Will and Trust Maker for my Gun (NFA) Trust?
With the increase in use of trusts for ownership of NFA firearms, many individuals are asking whether they can use Quicken Will and Trust Maker or Legal Zoom to create their gun trust. The main reason for using Quicken/Legal Zoom is itheir cheap price. As always, you get what you pay for. While Quicken and Legal Zoom … Continue reading Can I Use Quicken Will and Trust Maker for my Gun (NFA) Trust?
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