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Everything posted by John Wells
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First Class III and Trust!
John Wells replied to jmevis's topic in National Firearms Act (NFA) Regulated
Happy to help get that trust set up for you. Best of luck with your wait times. -
The other option is to set up a trust, which will allow you to skip the Chief Law Enforcement Officer signoff, Fingerprints, and photos. If that's something you're interested in knowing more about, let me know. I'd be happy to help you or answer any questions you have.
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Future trust questions
John Wells replied to bird333's topic in National Firearms Act (NFA) Regulated
There is a change in the ATF rules being contemplated. We won't know until June what the ATF will do. Anything put in before the rule change should go through without CLEO signatures, fingerprints, of photographs. A trust can be set up at any time you like. If you have other questions about a trust, I'd be happy to talk with you about it. -
I can also help you with setting up a trust. Just PM me if you have specific questions.
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The advice above is sound. My transfer took almost 11 months, so after 4, my advice is to put something else in process so you've got something else to look forward to once the first stamp comes back.
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Thanks for your service and welcome. If you have questions on the NFA hoops for that SBR, or want to set up a trust for it, I'm happy to help out.
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I just wanted to take a second and suggest that anyone who can buy their ammo from David (dlm37015). He is a great guy and usually has a posting in the classified section. He sold me a brick of .22LR yesterday for $23. You simply can't beat the price anywhere right now. Go find him at the next show he's working and support a fellow forum member.
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SO how does one submit an E-File?
John Wells replied to whitewolf001's topic in National Firearms Act (NFA) Regulated
I'm not sure about Chattanooga, but most of the shops in the Nashville area are set up to e-file. Ask your local shops and see who is on the system. Surely someone is. -
Right now, the benefits include avoiding a CLEO signoff, fingerprints and photo id submission when submitting your forms to the ATF. These benefits are what the rule change proposes doing away with. Currently, in order to E-File your forms, you must have a trust, corporation or LLC. In addition, you have the estate planning benefits that a trust provides, keeping anything that the trust owns out of your probate estate.
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The real point here is, if you're thinking about getting a suppressor or SBR or other NFA item, you should contact me and get your trust set up. The rules may be changing come June. If you're not going to go the trust route, you should get your paperwork in sooner rather than later.
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The reasoning behind using an account in the name if the trust is so there is no question that your NFA item has always been in the name of the trust. Whoever prepared your trust should be able to provide you with a certification of your trust that the bank should accept. Even if it's not required to have a trust account to e-file, I think it's the best practice.
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SO how does one submit an E-File?
John Wells replied to whitewolf001's topic in National Firearms Act (NFA) Regulated
I fall in that category as well. Shoot me a message and I'll get you started on a trust if you like. -
Form 4 date break down
John Wells replied to 173rdABN's topic in National Firearms Act (NFA) Regulated
You can also load your info into nfatracker.com and that will give you a larger community of people waiting as well. -
I'd settle for being able to pay the tax and buy a suppressor at any stocking store with an instant background check. Even a 10 day waiting period would be less offensive than the 9 months I'm sitting at right now.
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Just a little update from the good people at American Silencer Association: http://americansilencerassociation.com/an-update-on-41p/
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Is a trust really $2000?
John Wells replied to serbu50's topic in National Firearms Act (NFA) Regulated
Chip hit this right on the nose. If you're trying to establish a lower hassle way to acquire NFA items , $2,000 is quite high. If you are trying to establish some sophisticated estate planning, that cost may not be unreasonable. I'd be happy to talk to you about what you're needing the trust to accomplish if you'd like. -
Nashville Armory IDPA January14th - 6:45 PM
John Wells replied to JimHouchin's topic in Competitive Shooting Sports
Looks like fun. I'm going to try and make it out tomorrow night. -
Recommend a suppressor and dealer
John Wells replied to Howler's topic in National Firearms Act (NFA) Regulated
If you want to set up a trust for the suppressor purchase, let me know. I'll be happy to help you with that process. If you're looking for quietest package, the Liberty Suppressors Leonidas integral has posted some pretty impressive numbers. It's on my wishlist. -
Trust Regulation Change Update
John Wells replied to midtennchip's topic in National Firearms Act (NFA) Regulated
Okay, Sorry for the delay. I got a chance to read this in it's entirety this morning and I didn't find anything in the text that would limit anyone other than a person that has been ruled mentally defective by a court or has been committed to a mental health institution. There is no mention of prescriptions for anti-depressants or anything like that. -
Trust Regulation Change Update
John Wells replied to midtennchip's topic in National Firearms Act (NFA) Regulated
I'll read the rule change in it's entirety later today, but from the summary, it only would apply to persons who have been determined "mentally defective" by a court. So according to the summary, having a prescription for an anti-depressant alone would not have any impact. -
Trust Regulation Change Update
John Wells replied to midtennchip's topic in National Firearms Act (NFA) Regulated
Paperwork filed through trusts prior to the new rules going into effect should be fine. -
Franklin Gun Shop is the only shop I know of so far that is set up to file on a form 4. If I didn't already have a pilot .22 can in process with them, I would have tried it out last week. If you end up using them. let us know how it goes.
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Engraving question
John Wells replied to Photoguy67's topic in National Firearms Act (NFA) Regulated
From the good people at the ATF: 1) On the Frame or Receiver the Serial number; 2) on the frame, receiver, or barrel the following additional information; A)The model; B)The caliber or gage; C)Your name or name of the Trust in the case of a Trust (no abbreviations are permitted for the Trust name); D)The city and state (you can abbreviate the state with the official 2 digit state code) Iinformation must be engraved, casted, stamped (impressing) or otherwise conspicuously placed or caused to be engraved, cast, stamped (impressed) or placed to a minimum depth of .003 inch and in a print size of the Serial number shall be no smaller than 1/16 inch.