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April 1, 2024
ATF Q&A: A&D Books
Do I need to file my quarterly Firearm Ammunition Excise Tax return if there were no sales?
If you are in business and have filed in the past but owe no taxes for the present quarter, you are not required to file a return. I recommend you file anyway, indicating zero sales.
This question was asked during the NSSF webinar Common Errors on the Firearm Ammunition Excise Tax (FAET) Quarterly Return.
Common Errors on the Firearm Ammunition Excise Tax (FAET) Quarterly Return
Firearm and ammunition manufacturers and importers generally are required to calculate, file and pay quarterly Firearm Ammunition Excise Tax (FAET). The form used is the FEDERAL FIREARMS AND AMMUNITION QUARTERLY EXCISE TAX RETURN (TTB F 5300.26).
This webinar is designed to help guide employees responsible for preparing FAET returns in accurately completing and supporting the calculations necessary to compute the excise tax liability. NSSF Excise Tax Consultant Richard Weimer presents this insightful discussion where he goes through form TTB F 5300.26 line by line pointing out common errors made while showing you how to correct them.
Watch at SHOT University™ Online
NSSF Member Webinars
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| From transfers to inspections to trace, the new (as of 2023) Form 4473 is a critical document for all firearms retailers. This course is designed to take you step-by-step and line-by-line through the nuances of completing each section of ATF Form 4473. | Presented by Jason Smith, this 3 part course focuses on range safety and health specifically through the lens of the OSHA’s 7 Core Elements and recommendations for workplace safety. |
More Range Compliance Resources Here
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24-Hour Compliance Hotline
NSSF members can greatly benefit from the NSSF’s Retail Member Hotline. The toll-free hotline will bring calls in to the NSSF headquarters on a 24/7 basis. If questions regarding compliance, transactions, legislation or any other topic cannot be answered at the time of the call, an all-out attempt will be made to provide the answer within 24 hours.
NSSF members have exclusive 24/7 access to the NSSF’s Retail Member Hotline. Non-member retailers can view some of the questions that have been asked and answered through this service here.
Compliance Resources for Members
NSSF offers an array of resources and information to help members operate their businesses in compliance with laws and regulations. NSSF’s regulatory compliance resources include articles, newsletters, videos, online training courses, legal and regulatory compliance consultants and more. Log in to access.
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