First, when purchasing firearms or related items, the trust should be named after the purchaser, not the settlor or trustee. Furthermore, at the time of purchase, the trustee should submit the applicable form to the ATF. The most common forms include Form 1 for firearm manufacturing, Form 4 for the taxable transfer of a firearm, Form 5 for a tax exempt firearm transfer, and Form 20 for the interstate transport of a Title II firearm. You are also required to submit a complete copy of the firearm trust document and any schedules or attachments referenced in the trust. The last item required is a check or money order payable to the ATF for $200 and notice to be given to the local Chief Law Enforcement Officer.
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