Armory Sponsor
Posted: 1/1/2006 9:24:07 AM EDT
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Ok, I'm a new FFL / SOT. I understand how to do a Title 1 firearm transfer. I record where the guns came from in my bound book, do a 4473 and record where they went in my bound book. I have a few suppressors that will be coming to me on a Form 3. How do I check those in and how do I record the transfer when I sell them? I know I have to do a Form 4 transfer when I sell them to a customer. Do I also have to keep a bound book that shows where they came from and where they went? Or is just having the Form 3 and Form 4 enough? If I have to make a record in a bound book can I use the same one I use for title 1 firearms or do I need a separate NFA book? And is it the same for SBRs and MGs? Appreciate any help, thanks. |
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Record them as acquisitions and dispositions just like Title I firearms. I would retain a copy of the Form 3 and approved Form 4. ATF has been known to think you still have the Title II firearm after a legit transfer. Of course, you can't deliver to the customer until you have the Form 4 back approved and you do have to have the customer fill out a 4473 on pickup. |
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You need to be an FFL first. There are different types of FFLs (eg Dealer, Manufacturer, Importer). You then have to pay an Special Occupational Tax based upon what type of FFL you are. As an example, if you are an 01 FFL (Dealer) then you pay for a Class 3 SOT. If you are an 07 FFL (manufacturer), the you pay for a Class 2 SOT. Bomber |
Are you sure about the 4473 for an NFA weapon? Bomber |
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Something I can answer on! Yes you have to have the 4473 when the weapon is picked up. However, as most NFA weapons are also regulated by the GCA, purchases from a dealer in NFA weapons requires the completion of the standard 4473 yellow form, as well as dealer bound book records, and this source of information is not so similarly restricted. ATF may release this information to local law enforcement for a host of law enforcement purposes. See 18 U.S.C. sec. 923(g)(1)(D). That snippet is from the Bardwell FAQ. |
We do 4473s on all Title II firearm sales. Suppressors are firearms as defined by the ATF. |
look on the back of a 4473(sorry new 4473 pg2 about 2/3 down the page[paper induction act!]).. (sorry i dont have one in front of me) there is a question about "no background check was made because transfer involved N.F.A. item".. (worded something like that) i would think you would fill it out, just NOT do the call in(atf/nfa and local did it) just keep it for your records.. i use my bound book, in and out, no special books i just put M.G. insted of rev, break, or auto ect... now if i would stop keeping them, i would know how to sell them........? good luck.. |
You're right and it's exactly what I thought.
Bomber |
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