What is a sot form?
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What is a sot form?
Federal firearms licensees (FFLs) who engage in importing, manufacturing or dealing in National Firearms Act (NFA) firearms are required to file this form and pay the special occupational tax (SOT), an annual tax that begins on July 1 and ends June 30.
Can FFL buy suppressors?
Suppressors can be obtained by individuals with or without a Federal Firearms License (FFL), LLCs, and trusts. How To buy a suppressor from a dealer, a person must be 21 years of age, a legal resident of the United States, legally eligible to purchase a firearm.
What FFL can sell suppressors?
The Type 07 FFL is by far the most useful and versatile FFL for most people. Not only can you buy, sell and repair guns, you can also manufacture guns and ammo, plus sell NFA items like silencers, and with a Class 03 SOT, manufacture NFA items!
What are the different types of SOTS?
SOT Classes SOT Class Purpose FFL Types Class 1 SOT Importing NFA Firearms Type 08 and 11 FFLs Class 2 SOT Manufacturing NFA Firearms Type 7 and 10 FFLs Class 3 SOT Dealing NFA Firearms Type 01, 02, and 09 FFLs
What is an Sot license and do I need one?
SOT License – What is it? A special Occupational Taxpayer (“SOT”) is something that a Federal Firearm License (“FFL”) holder becomes to engage in certain business activities with National Firearms Act (“NFA”) firearms (also called Title II firearms) like short barreled rifles, silencers, and more.
What is an Sot (special occupational class)?
SOT is really a status. That’s why it is technically incorrect to call an SOT a license, or refer to a “Class 3 license”. With an SOT all you are really doing is taking an existing Federal Firearms License, and adding a special occupational class and tax to it – that of somebody who works with NFA items on a commercial level.
What is the difference between Sot and Class 3 weapons?
The Class 3 terminology is generally used with a dealer license and not a type of weapon but a license. SOT means special occupational tax and refers to the tax due upon transfers of items restricted by the NFA ( Generally $200 except for AOWs which have a tax of only $5)