Search found 2 matches

by Charles L. Cotton
Mon May 07, 2012 11:54 am
Forum: General Gun, Shooting & Equipment Discussion
Topic: Anyone use Sean Cody for a Trust?
Replies: 43
Views: 11732

Re: Anyone use Sean Cody for a Trust?

LittleGun wrote:Sean Cody did my trust. On something as serious as NFA stuff, I wanted a specialist.
Just for clarification: An attorney cannot hold himself out as a specialist, or as having special expertise, in any area of law, unless 1) the State Bar of Texas recognizes and certifies attorneys in that area of law; and 2) the attorney has applied for and received certification in that special area of law.

The State Bar of Texas does not recognize NRA trusts as a specialty.

Chas.
by Charles L. Cotton
Thu May 03, 2012 9:49 pm
Forum: General Gun, Shooting & Equipment Discussion
Topic: Anyone use Sean Cody for a Trust?
Replies: 43
Views: 11732

Re: Anyone use Sean Cody for a Trust?

iom wrote:A quote from here under the faq: http://www.atf.gov/firearms/faq/nationa ... earms.html" onclick="window.open(this.href);return false;

Q: What can happen to someone who has an NFA firearm which is not registered to him?
Violators may be fined not more than $250,000, and imprisoned not more than 10 years, or both. In addition, any vessel, vehicle or aircraft used to transport, conceal or possess an unregistered NFA firearm is subject to seizure and forfeiture, as is the weapon itself.

[49 U.S.C. 781-788, 26 U.S.C. 5861 and 5872]

Unless someone can verify that the above is not the case, that's what I'm going by. Prosecuted or not.
Did you miss this question and answer?
ATF wrote:Q: Are there any exemptions from the making or transfer tax provisions of the NFA?

Yes. These are noted below, along with the required form number, if any, to apply for the exemption. Completed forms must be approved by the NFA Branch prior to the making or transfer:
  • Tax-exempt transfer and registration of a firearm between special (occupational) taxpayers: ATF Form 3 (5320.3).
    Tax-exempt making of a firearm on behalf of a Federal or State agency: ATF Form 1 (5320.1). Tax-exempt transfer and registration of the firearm on behalf of a Federal or State agency: ATF Form 5 (5320.5).
    A licensed manufacturer under contract to make NFA firearms for the U.S. Government may be granted an exemption from payment of the special (occupational) tax as a manufacturer of NFA firearms and an exemption from all other NFA provisions (except importation) with respect to the weapons made to fulfill the contract. Exemptions are obtained by writing the NFA Branch, stating the contract number(s) and the anticipated date of termination. This exemption must be renewed each year prior to July 1.
    Tax-exempt transfer and registration of an unserviceable firearm which is being transferred as a curio or ornament: ATF Form 5 (5320.5).
    Tax exempt transfer of a firearm to a lawful heir: ATF Form 5.
    Tax-exempt transfer by operation of law (e.g., court order).

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