taylorwso Posted April 22, 2021 Report Share Posted April 22, 2021 Got mine in today and it for a 62 vs 72 for 1k vs the reduced 500. Is this a mistake that is normal? Quote Link to comment Share on other sites More sharing options...
Aaron in Mohnton Pa Posted April 22, 2021 Report Share Posted April 22, 2021 Just check the reduced rate box up top and include check for $500 instead of $1,000. I also put the correct reduced rate code (72) and cross out 62. Quote Link to comment Share on other sites More sharing options...
taylorwso Posted April 23, 2021 Author Report Share Posted April 23, 2021 5 hours ago, Aaron in Mohnton Pa said: Just check the reduced rate box up top and include check for $500 instead of $1,000. I also put the correct reduced rate code (72) and cross out 62. I already sent my form in, from a pdf i downloaded with the 62/500. Was really wanted to see if the upcharge is normal, you know with fed govt and all Quote Link to comment Share on other sites More sharing options...
b_san Posted April 23, 2021 Report Share Posted April 23, 2021 It's not an upcharge, $1000/yr is the standard fee for an importer or manufacturer. They don't know what your total gross receipts were last year so you have to proactively apply for the reduced rate based on total gross receipts of less than $500,000, note that this includes ALL of your entity's business receipts not just NFA items and it's gross not net. Quote Link to comment Share on other sites More sharing options...
Ryo Posted April 23, 2021 Report Share Posted April 23, 2021 Exactly.. it's normal pricing and you have to check the box and pay $500 if you meet all the requirements. Quote Link to comment Share on other sites More sharing options...
taylorwso Posted April 23, 2021 Author Report Share Posted April 23, 2021 Thx all Quote Link to comment Share on other sites More sharing options...
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