Tag: bankruptcy NFA “national firearms act” “11 usc 1146”

To the surprise of most, as it is generally as provision that is unknown and overlooked, the Bankruptcy Code actually provides that the transfer of an NFA firearm in a bankruptcy estate is to be transferred tax free. 11 U.S.C. § 1146, Special Tax Provisions, provides that "(a) The issuance, transfer, or exchange of a … Continue reading In a Bankruptcy, does one have to pay the ATF Transfer Tax to Transfer an NFA Firearm? →