Trust pays for Tax Stamp?

[SCC]

Does the trust have to have a bank account to pay for the $200 stamp or can I send in a personal check with the Form 4 and trust paper work? Thanks.

[JVC]

Ask NFATrustGuy, he set up mine.

[ChrisC]

You can send a personal check, there is no need to have a separate bank account for the trust. NFATrustGuy did my personal trust as well, he is great to work with.

[SCC]

Right on. Thanks for the answer. How about this one. I saw on a different forum that you need to send in a:

Fill out Certificate of Compliance (Citizenship Form).
- Found here: http://www.atf.gov/forms/pdfs/f533020.pdf

Anyone ever heard of this?

[ChrisC]

Yep I have heard of it but had never submitted a Certificate of Complaince with Form 4 that was transferring to a Trust so I spoke to the NFA Branch about it a couple of weeks ago just to verify and they said no certificate of Complaince is needed with a Trust.

It is needed for a Form 4 transfer to an individual.

[Great-Kazoo]

Yep I have heard of it but had never submitted a Certificate of Complaince with Form 4 that was transferring to a Trust so I spoke to the NFA Branch about it a couple of weeks ago just to verify and they said no certificate of Complaince is needed with a Trust.

It is needed for a Form 4 transfer to an individual.


You already had approval on the F4 transferring to the F1 / trust a compliance was not necessary. Anytime you submit a New application you need to include the citizenship 5330.20. That is as of today per ATF and after anothe rboard member reminding me prior to mailign off. ATf concurred. . Either way anytime you submit a F1 or F4 incl the 5330.20. they have it, you don't need to receive a letter telling you it was not included and delaying your approval another 2-3 weeks.

[ChrisC]

Jim,
I will call the BATFE again in the morning to verify but 2 weeks ago when I called the examiner said no Certificate of Compliance was needed for a transfer to a trust whether it was a new trust or not. Although, you are right it can not hurt to include one.

[Great-Kazoo]

Jim,
I will call the BATFE again in the morning to verify but 2 weeks ago when I called the examiner said no Certificate of Compliance was needed for a transfer to a trust whether it was a new trust or not. Although, you are right it can not hurt to include one.


You might be confusing Transfer, with a new Application. The 3 i sent in were not transfers but new applications / Form 1's. Again we could both call and receive 3 different answers. Considering all the paperwork i sent in, 1 more makes no difference on my end.

[ChrisC]

The OP was asking about a Form 4 so that is what I responding to. The BATFE giving out contradicting information, never [ROFL2]

[asmo]

From my personal experience:

If the trust pays the $200 (from an account that says the Trust's name on it) then you don't need to send a schedule A
If someone other than the trust pays the $200 (cashiers check, personal check, etc.) then you need to send a schedule A

Had someone at the ATF confirm this for me once. The schedule A is to prove that the trust is actually funded. If you use a check in the trust's name it does the same thing.

[NFATrustGuy]

OK. I step away from the computer for 2-3 hours and we've got 2 separate discussions going on in the same thread. You guys are good! :-)

The certification of citizenship should not be required. However, as Mr. Kneecapper says, what's one more piece of paper? If even a single examiner thinks it's required, it's probably best to go ahead and send it in. It can't hurt anything and it could save you 2-3 weeks if you loose the game of examiner roulette. With this in mind, I will look into including this in my NFA Trust package.

As for the Schedule A--That's a separate issue, but the whole deal of sending in a check from the Trust's checking account is new to me. The logic seems sound--having a checking account would tend to prove that the Trust is funded. Based on the same logic as applied above, I wouldn't suggest leaving out the Schedule A. Again, if one examiner believes in the checking account theory and the next one doesn't, you've lost 2-3 weeks over a single piece of paper.

To answer the next inevitable question... NO, it is not necessary for the Trust to have its own checking account. The only thing that matters is that the Form 4 or the Form 1 is submitted in the Trust's name. The example I usually give is that it's like a parent buying a teenager a car. The car salesman and the DMV don't care who writes the check. Ownership is determined according to who's name is on the title work.

Rod

[Great-Kazoo]

OK. I step away from the computer for 2-3 hours and we've got 2 separate discussions going on in the same thread. You guys are good! :-)

The certification of citizenship should not be required. However, as Mr. Kneecapper says, what's one more piece of paper? If even a single examiner thinks it's required, it's probably best to go ahead and send it in. It can't hurt anything and it could save you 2-3 weeks if you loose the game of examiner roulette. With this in mind, I will look into including this in my NFA Trust package.

As for the Schedule A--That's a separate issue, but the whole deal of sending in a check from the Trust's checking account is new to me. The logic seems sound--having a checking account would tend to prove that the Trust is funded. Based on the same logic as applied above, I wouldn't suggest leaving out the Schedule A. Again, if one examiner believes in the checking account theory and the next one doesn't, you've lost 2-3 weeks over a single piece of paper.

To answer the next inevitable question... NO, it is not necessary for the Trust to have its own checking account. The only thing that matters is that the Form 4 or the Form 1 is submitted in the Trust's name. The example I usually give is that it's like a parent buying a teenager a car. The car salesman and the DMV don't care who writes the check. Ownership is determined according to who's name is on the title work.

Rod

ALL my trust and Non Trust applications were "funded" by a check with both the spouse's and my name on it. i would say only an idiot would not connect the dots. HOWEVER having been employed by both the state and fed . gov at one time of another , nothing is impossible.

WE can all agree, tuesdays reply is different than Thursday, or friday's. Monday, they transfer you directly to voice mail. I left 4 messages within 1 business week back in feb. TO DATE not one of the vm's has been returned.

[ChrisC]

WE can all agree, tuesdays reply is different than Thursday, or friday's. Monday, they trasnfer you directly to voice mail. I left 4 messages within 1 business week back in feb. TO DATE not one of the vm's has been returned.

Absolutely. Our taxes dollars at work[Mad]

[SCC]

Thanks again all. Got it, send in everything and hope for the best.