taylorwso

SOT renewal 1K vs 500?

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6 posts in this topic

Got mine in today and it for a 62 vs 72 for 1k vs the reduced 500.

 

Is this a mistake that is normal?

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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. 


  Aaron - Mohnton, Pa  |  BeltFeds.Com, LLC / Stryker Defense  |  FFL 07 / 02 SOT 

  Email: Sales@BeltFeds.Com      Phone: 610-983-8257      Website:  https://BeltFeds.Com 

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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

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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.

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Exactly.. it's normal pricing and you have to check the box and pay $500 if you meet all the requirements.

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