Tuesday, 26 November 2013 17:46

Now is an Important Time to Submit ATF Forms for NFA Firearms

This is an important time to submit applications to BATFE for NFA firearms, such as silencers, short barreled rifles and shotguns, and full auto. We can only predict these applications will become more difficult in light of ongoing efforts by the Obama administration.

Class 3 firearms dealers have already experienced as much as a 100% increase in their sales of silencers. It's possible supplies will reduce and prices will increase, particularly as gun dealers become either too cautious or unable to replenish their inventories during a time of growing political uncertainty. 

The transfer of NFA firearms requires submission of ATF Form 5320.4. A gun dealer would require payment of the full purchase price up front prior to submitting your 'Form 4' to ATF. For those people interested in NFA firearms, but are not ready to incur the costs of full retail purchases, ATF Form 5320.1 could be an option. The 'Form 1' is used to request pre-approval to build one's own NFA firearm. This most often arises when someone wishes to build a short-barreled rifle or even retrofit a rifle with a short barrel. The up front cost is the $200 tax payment for a Form 1. Unless an existing rifles is used in a retrofitting, a person might only need to purchase a stripped lower receiver for one tenth the cost of purchasing a complete SBR in a retail purchase. By using this approach, a person could obtain permission to build their SBR at a later date at relatively low up front cost. 

Applications for NFA firearms are made easier by using the Arsenal Gun Trust. In addition to simplifying this BATFE paperwork, the Arsenal Gun Trust also allows legal possession of NFA firearms by others, and it serves as an estate plan to avoid the court system.

Contact Arsenal Attorneys to set up your Arsenal Gun Trust today.

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Arsenal Attorneys

Arsenal Attorneys is a nationwide law practice with offices in Fairfax, Virginia near Washington, DC and in Rocklin, California near Sacramento. We serve large and small clients, often remotely. Depending on the client's location, our services include estate planning, civil litigation, criminal defense, business law, landlord-tenant disputes, real estate, and firearms regulations. Our team of attorneys is licensed to serve clients in over 30 states. Contact us today to discuss your goals.

 

 

 

 

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