Class 3 dealers

Discussion in 'NFA/Class 3 & FFL Discussion' started by joehawk, Feb 5, 2012.

  1. joehawk

    joehawk New Member

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    Any Class 3 dealers willing to answer a few questions? You can pm me if you like.
     
  2. HotGuns

    HotGuns Member

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    Sure. Ask away.
     

  3. joehawk

    joehawk New Member

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    How long to get approved once I send in app & fee?
    Once I obtain the permit do I have to pay NFA fees?
    How much should I charge for Class 3 transfer?
     
  4. joehawk

    joehawk New Member

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    If I purchase a pre-86 MG and decide to keep it do I have to pay a $200 tx fee?
     
  5. joehawk

    joehawk New Member

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    If the local Chief LEO signs the paper for a approval of a post-86 dealer-demo for possible approval / demonstration what happens to the weapon after? Do I as a class 3 dealer pay the $200 tx fee?
     
  6. HotGuns

    HotGuns Member

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    Are you talking about the fee for the FFL and SOT or are you talking about something else?

    The SOT is 500 a year. That exempts you from having to pay anything else.

    Depends on your area. I charge 25 bucks, others charge 50-100.
    Its yours to keep. Its called a "dealer sample".

    If you have a SOT you do not have to pay, The 500 a year fee covers it.
     
  7. robocop10mm

    robocop10mm Lifetime Supporting Member Lifetime Supporter

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    Your's to keep? Not necessarily true. You keep post 86 dealer samples as long as you keep the Class III FFL. You give up the Class III, you have to part with the post 86 samples. Pre-86 transferrable weapons you get to keep when you let the FFL lapse.
     
  8. joehawk

    joehawk New Member

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    I have my FFL THE SOT is the question?
     
  9. joehawk

    joehawk New Member

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    If July 1st is the due date to pay the SOT how long do you think I should apply in advance? Or should I apply after July 1?
     
  10. HotGuns

    HotGuns Member

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    Yep. that is correct.

    I did mine in June...to give them time to process it. Once they cask the check, you are good to go.
     
  11. joehawk

    joehawk New Member

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    Thanks for the info. I might ask a few more from time to time.
     
  12. jmacken37

    jmacken37 New Member

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    If you pay in advance, make sure you are paying for the next tax year and not the current year or you are out your SOT when July comes up. Remember the SOT is not for adding to your personal collection, but for conducting business. Nothing like felony tax evasion to put a damper on your firearm owning rights!

    Jake
     
  13. MrM4

    MrM4 New Member

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    Jake is right, if you are going to be an SOT you need to be in the business to sell NFA items.
     
  14. joehawk

    joehawk New Member

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    Heck, misdemeanor tax evasion will put a damper on your life.