09-18-2018, 02:00 PM
I am led to understand the FBI thing comes back instantly clear most cases. Occasionally dark a few times, in which case a rejection is quick. However, if it comes back, say "clouded", additional investigation may be required. This can be something like having to write back to some local or state court, having some records request sent, pulled, filled and answer returned. I'm also told. The FBI check on NFA items is free or a courtesy (there is no interdepartmental payment (inside Justice to elsewhere in Justice)).
Also, just a point. If you fill out and submit forms, using a CC is generally faster (or so I understand) than a check. Checks bounce occasionally so since the USC says "...until the tax has been paid..." I am led to believe, credit cards are paid instantly upon first handling where checks have to be processed several additional steps to ensure the funds exist and transferred OK.
Also, on my F1, height of the "Hillary is sure to win" pre-election, the fee was paid inside 10 days via CC on the form. It took 314 days and went from "pending" to "Approved" and sitting on my kitchen table between call-ins. In fact I had it probably a week in a stack of mail. The F4 was a year later and the FFL did the paperwork. It took something less than a month for payment to show cleared (they submitted and used a check).
I'm not sure why people are using Trusts (unless they are already set up). They take longer to process and offer multiple people to get hung in an FBI check. (Yes, I understand about perpetuity - don't explain). But, are each of you filing state and local returns on the assets in your trusts? Skip one return and you have constructively transferred an NFA item from a "dead" or invalid trust to whomever has it in their possession. Right now, the DoJ has, as far as I know, not busted anyone for this exact thing. For years they only conducted a "presence check" (was there a trust claimed, not whether it was real or valid).
As of now, the NFA will permit a single, one tax free transfer from an individual to a close family member. I am not certain but I think a trust of qualified close relatives is also permitted.
Also, just a point. If you fill out and submit forms, using a CC is generally faster (or so I understand) than a check. Checks bounce occasionally so since the USC says "...until the tax has been paid..." I am led to believe, credit cards are paid instantly upon first handling where checks have to be processed several additional steps to ensure the funds exist and transferred OK.
Also, on my F1, height of the "Hillary is sure to win" pre-election, the fee was paid inside 10 days via CC on the form. It took 314 days and went from "pending" to "Approved" and sitting on my kitchen table between call-ins. In fact I had it probably a week in a stack of mail. The F4 was a year later and the FFL did the paperwork. It took something less than a month for payment to show cleared (they submitted and used a check).
I'm not sure why people are using Trusts (unless they are already set up). They take longer to process and offer multiple people to get hung in an FBI check. (Yes, I understand about perpetuity - don't explain). But, are each of you filing state and local returns on the assets in your trusts? Skip one return and you have constructively transferred an NFA item from a "dead" or invalid trust to whomever has it in their possession. Right now, the DoJ has, as far as I know, not busted anyone for this exact thing. For years they only conducted a "presence check" (was there a trust claimed, not whether it was real or valid).
As of now, the NFA will permit a single, one tax free transfer from an individual to a close family member. I am not certain but I think a trust of qualified close relatives is also permitted.