Tigerstripe
Well-Known Fanatic
well if i can list bullets as expensises the gov is going to owe me.
Gamecock24 said:Can anyone suggest some more lawyers to set up a trust? I saw some recommendations on silencershop.com but they are all out of state. I did a search for sc gun trust lawyers and came across these guys http://www.nosaljeterlaw.com/
I emailed them and they quoted me $600 to form the trust I thought that seemed high considering some of the out of state guys will do it for $200-300. If you have suggestions and can say what it cost please share.
RK3369 said:So, as with other trusts, are these trusts required to file an annual tax return and pay any applicable trust taxes? Or are they specifically exempted from trust taxes because they typically would just be a holding "entity" for the ownership of class II firearms, on which all applicable taxes had been paid? I'm curious because that could add an additional annual cost to maintaining the trust, especially if you had to pay someone to prepare the applicable trust tax returns.
Sorry, should have looked at the regs first. Apparently no return is required if there is no trust taxable income, or gross trust income is below $600, or there is no foreign beneficiary, otherwise an annual trust return would be required. So, I guess it's a matter of keeping any income earning assets out of the trust so as not to generate any trust income, then no tax returns are required, however if a weapon were sold, then there could possibly be an income tax return required if the sale or total sales for the year exceeded $600 in gross income.
Dang I wish I had seen that in time. I just got the ball rolling on my trust with Robert Merting as was suggest in another post. He's in Greeneville and I'm in Columbia but I guess that doesn't really matter in the end. Thanks though. The main things is my trust is my is being formed. Now do I want a surrpressor or SBR for the first NFA item?armaborealis said:Gamecock24 said:Can anyone suggest some more lawyers to set up a trust? I saw some recommendations on silencershop.com but they are all out of state. I did a search for sc gun trust lawyers and came across these guys http://www.nosaljeterlaw.com/
I emailed them and they quoted me $600 to form the trust I thought that seemed high considering some of the out of state guys will do it for $200-300. If you have suggestions and can say what it cost please share.
Look up Mark Schnee in Columbia. He did good work with mine and it was cheap.
Reviews: http://www.ar15.com/forums/t_8_34/48904 ... lina_.html
Gamecock24 said:Dang I wish I had seen that in time. I just got the ball rolling on my trust with Robert Merting as was suggest in another post. He's in Greeneville and I'm in Columbia but I guess that doesn't really matter in the end. Thanks though. The main things is my trust is my is being formed. Now do I want a surrpressor or SBR for the first NFA item?armaborealis said:Gamecock24 said:Can anyone suggest some more lawyers to set up a trust? I saw some recommendations on silencershop.com but they are all out of state. I did a search for sc gun trust lawyers and came across these guys http://www.nosaljeterlaw.com/
I emailed them and they quoted me $600 to form the trust I thought that seemed high considering some of the out of state guys will do it for $200-300. If you have suggestions and can say what it cost please share.
Look up Mark Schnee in Columbia. He did good work with mine and it was cheap.
Reviews: http://www.ar15.com/forums/t_8_34/48904 ... lina_.html
urbancommandox said:Alpears schnee is dokng free truste right now. Since that form 1 for a machine gun trust went through there trying to crank out as many trusts as possible
melloyello said:urbancommandox said:Alpears schnee is dokng free truste right now. Since that form 1 for a machine gun trust went through there trying to crank out as many trusts as possible
I thought those MG NFA approvals were later revoked by ATF?